The November bull rally made many investors rich as they held small-cap coins with exceptional fundamentals that can produce quick returns. Analysts believe that we are at the beginning of the bull cycle and it is possible that many coins will repeat the rally.
Even though Solana has performed very well in the past, surpassing the all-time high, it has been trading between lows and highs over the past three weeks. This SOL price correction has prompted investors to diversify into potential small caps, which can generate huge returns even during a correction period.
DTX Exchange (DTX) is a notable small cap; from the first stage of launch, it grew by 500%, becoming one of the top gainers. Due to the early stage of DTX, experts believe it is nothing compared to its future potential.
Solana (SOL) Price Prediction: What’s Next?
After 8 months of consolidation in the $125-$200 range, Solana achieved ATH in November. However, this was only a slight rise above the all-time high as the price immediately reversed and fell back below the base level. Since the November 22 high, SOL price has declined by over 20%, reaching a low of $203.27. Although major coins have recovered, Solana is yet to break the bearish formation.
At the 10th and 14th lows, SOL price was supported by a 50-period moving average, while key short-term averages such as 10 and 20 periods functioned as constant resistance. Additionally, the descending trendline provides significant resistance to SOL price as it has been rejected multiple times. The breakout of the short-term averages and the descending trendline can push Solana to a new rally.
Courtesy: TradingView
If SOL price breaks local resistance, the first major resistance will be a psychological level of $300. Meanwhile, in the medium term, Solana traders are eyeing the $500 target.
In 2024, the Solana blockchain attracted 7,625 new developers, surpassing Ethereum for the first time since 2016. With an impressive 83% increase in recruits, Solana took advantage of its main advantages: low fees and ultra transaction speeds. -fast. These types of positive developments in the ecosystem could drive the price of SOL higher.
DTX Exchange (DTX) attracts global traders with exceptional features
The first hybrid DeFi platform, DTX Exchange (DTX), has stolen the spotlight from traditional exchanges with robust development of the trading ecosystem. Even before its launch, this unique exchange attracted 400,000 traders, demonstrating its strong potential in the trading industry.
DTX Exchange brings a new perspective to trading with its unified hybrid platform, which allows trading over 100,000 asset instruments such as stocks, forex, crypto and bonds. The benefit of a diverse selection of assets on a unified platform has been a major draw for traders. The exchange redefines the unique infrastructure of the entire trading sector and offers benefits such as 1000x leverage.
The DTX Exchange presale has reached the sixth stage, with a planned launch in early 2025. As Solana battles the correction, this platform has emerged as a serious contender. Like Solana, DTX Exchange has a clear roadmap, making it an important player in the long term, not just the short term.
DTX Exchange has raised $10.24 million to date, making it one of the best ICOs of the year. The price of the token has also increased from $0.10 in the fifth stage to $0.12 at present. This rise shows clear investor demand as the price rises with each step.
Learn more:
Buy in presale
Visit the DTX website
Join the DTX community
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