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The cryptocurrency market is again building strength after a month-long correction. Savvy investors are looking for low-cap gems with high growth momentum and a fundamental value proposition. After forming a five-day mini-coil, the Solana price has broken out, reaching the $200 psychological level. However, it must overcome many overhead resistances for a new rally.
One of the Wall Street veterans, widely recognized for his critical thinking, is analyzing the DTX Exchange (DTX), the world’s first hybrid exchange. Recent reports indicate its testnet has reached a groundbreaking figure of 200,000 TPS. Actively working to create immense growth, DTX, which is scheduled to be launched in Q2 2025, is expected to witness a growth rate of over 50x, outshining Solana.
Solana Price Forecast: New All-Time High Soon?
The Solana price has shown resilience in the current market bounce, trading at $216.54, with over 35% surge in the last seven days. The daily time frame chart shows that it has formed a double bottom reversal pattern with a neckline resistance at $220. Both the bottoms were in consolidation form, showcasing the sluggishness of the Solana price.
Courtesy: TradingView
With Wednesday’s intraday move of 9%, the Solana price is now trading above the 50-period exponential moving average. The major hurdle for the Solana price to reach ATH is the $220-$225 resistance zone. Analysts predict a clear move from this zone can propel it for fresh highs. On the downside, $180 is still the demand zone where SOL can test if bearish pressure takes over.
Jonathan Carter, a technical analyst, shared his analysis of the Solana price. Looking at an 8-hour period, he noted that SOL is confined to the descending wedge pattern with a breakout point at $215. He added that a break above the pattern, which is presently resistant, may drive the Solana price upwards to target levels of $222, $245, and $262.
The crypto and investment community is closely watching the SEC’s call to approve an exchange-traded ETF, which could significantly drive its price higher. Defi Llama data shows that Solana led the DEX systems last week, recording a massive $27 billion turnover. Key DEXs in the Solana ecosystem, such as Raydium, Lifinity, Orca, and Stable, played a major role in this impressive growth.
DTX Exchange (DTX) Emerges as Top DeFi Project
DTX Exchange is leading the race for the most promising emerging project in the DeFi world. Its unique hybrid infrastructure and innovative blockchain technology have made it a one-stop solution for traders. While Solana has achieved a max TPS of 65,000, DTX Exchange’s VulcanX blockchain has achieved 200,000 TPS in the testing phase.
This proprietary blockchain is designed explicitly for multi-asset custody solutions and high-speed processing. The DTX platform allows users to access over 100,000 financial assets, including popular assets such as equity, crypto, forex, and bonds. The trading platform provides an order execution speed of 0.04 seconds and AI precision tools for less slippage and instant execution.
Furthermore, the platform leads the exchange industry with a margin availability of 1,000x and a non-custodial wallet. SolidProof, one of the top auditing firms, has already audited the project, increasing investors’ confidence in its prospects.
DTX Exchange aims for a massive surge by the end of 2025, offering a chance to create wealth during this bull cycle. The token presale is in stage 7, costing $0.14 per token. DTX presents compelling options, emerging as a standout choice for its innovative approach and rapid scale.
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