Some altcoins in the cryptocurrency market, such as Solana (SOL) and Shiba Inu (SHIB), have seen a slight retracement after the strong bullish surge. Cryptocurrencies failed to break crucial resistance points during their advance and are now consolidating at lower levels.
Still, analysts predict their prices could rise soon. They expect Solana to reach $300 and Shiba Inu price to reach $0.0001. The price of DTX Exchange (DTX) is also expected to reach $1 before the end of the year.
Solana (SOL) Expected to Hit $300
Solana (SOL) is still trading above $200 despite little price action in recent days. The cryptocurrency, which rose from a low of $160 to a high of $220, has consolidated in a tight range since November 10, according to CoinMarketCap. Eraser predicted Solana price could reach $300 in the coming weeks after a successful breakout. XO too forecast an increase up to $300 is possible in the future based on the current trend.
Meanwhile, another analyst called Capsey provided a more detailed analysis of the Solana crypto. He said the SOL price could trade between $200 and $220 for some time. He projects a price target of between $347 and $371 in the first quarter of 2025. Meanwhile, Solana coin faces immediate resistance at $230.12 and $236.39. In the event of a downtrend, the altcoin could fall as low as the 50-SMA at $165.15.
Shiba Inu (SHIB) upward momentum slows
Shiba Inu (SHIB) failed to reach the $0.00003 region despite its latest rise. The value of memecoin rose from a low of $0.00001865 to a high of $0.00002949. The bulls were so close to squeezing the region, but selling pressure or falling Bitcoin price could have affected the Shiba Inu coin. Despite the downtrend, the cryptocurrency is still seeing double-digit gains on the weekly and bi-weekly time frames, according to CoinMarketCap.
Also, the 14-day RSI is still above 50 after exiting the overbought zone. This position bodes well for the Shiba Inu crypto. A price surge could occur in the coming days. SHIB Bezos forecast a price rise up to $0.0001 could occur in the coming weeks. During this time, the Shiba Inu (SHIB) burn rate has taken a huge hit. The community only has burned 625 million coins last week.
DTX Exchange (DTX) Price Increases to $0.1
DTX Exchange is gaining popularity with its latest price hike, reaching $0.1. Over the past few weeks, the price of DTX coin has increased by 400%, outperforming even the most popular top altcoins. Furthermore, the DTX Exchange has surpassed the $7.85 million mark in investments, and experts predict that DTX coin could reach $1 before the end of the year.
DTX Exchange is a CEX and DEX platform where users benefit from the efficiency and security of CEX along with the freedom and anonymity of DEX. DTX offers access to over 120,000 asset classes, such as cryptocurrencies, stocks, ETFs, commodities and bonds. These numerous tradable assets allow traders to easily diversify their accounts without having to open accounts on different trading platforms.
The DTX token powers the ecosystem; This token offers traders reduced trading fees, enhanced data, and voting rights to guide the growth of the platform. Along with features like staking for passive income and tools for beginners and advanced traders, DTX Exchange aims to be a giant in the trading space.
Last words
As Shiba Inu nears $0.0001, Solana targets new highs of $300 and investors monitor the price charts for possible signals. Meanwhile, analysts have told them not to neglect DTX Exchange. The DeFi coin has already yielded over 400% to holders and could reach $1 before the year.
Learn more:
Buy in presale
Visit the DTX website
Join the DTX community
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