The recent presidential election has turned the market sentiment bullish, resulting in various cryptos hitting new ATHs amid the massive Bitcoin (BTC) rally. Following the bullish narrative, Solana has surged to $215 in the last 24 hours. However, its rival DTX Exchange (DTX) is leading the pack with a $7.62 million presale rush and over 3,000% potential.
Solana Price Prediction & Future Outlook
Solana is experiencing massive growth amid the broader market sentiment shift, with prices ranging between $171.73 and $231.96. Over the last past week, the price has surged by 42.65% and over the last month by 53.73%. The Relative Strength Index (RSI) for Solana is at 67.24, which indicates strong buying momentum from bullish investors.
SOL price is approaching the nearest resistance level at $253.76. If Solana is able to surpass this level, the next target could be $314. The Simple Moving Averages (SMA) over 10 and 100 days are $220.77 and $207.23, respectively. The positive 2.67 MACD level suggests continued bullish momentum. Solana’s strong performance may continue if it breaks through key resistance levels in the near term.
SOL price is holding steady above $215 after a 5% rise in the last 24 hours, now pinned at $215.79. Breaking the $200 resistance has sparked bullish predictions, with some analysts seeing the SOL price possibly hitting $300 or even $391 if the momentum continues.
Solana Technical Indicator Analysis
Solana’s technical analysis also reveals a bullish flag pattern, especially if the SOL price can breach the $220 mark. Apart from its price performance, Solana’s DeFi ecosystem has expanded, with TVL exceeding $7.6 billion and DEX activity occasionally surpassing other networks.
One thing crypto insiders are observing is Solana’s Proof of History (PoH) technology, which sets it apart by timestamping transactions for ultra-fast processing. While most focus on price, insiders see PoH as Solana’s secret weapon for scaling decentralized applications, something that might just give it a lasting edge over competitors.
Overall, Solana has been surging, fueled by record-breaking Open Interest that reached $4.28 billion. The enthusiasm for the Solana blockchain is growing, backed by ETF speculation and new technological upgrades. This bullish price momentum, amplified by Bitcoin’s recent highs, has highlighted Solana as the fourth-largest cryptocurrency by market cap.
DTX Exchange Is Your Chance To Buy The Best Crypto In 2024
As a hybrid trading exchange, DTX Exchange (DTX) allows users to trade cryptos, forex, equities, and contract-for-differences (CFDs). This Ethereum-based platform features cutting-edge infrastructure and high-ticket trading features to offer up to 25x opportunities to retail traders and institutional investors.
The platform offers access to over 120,000 trading assets across crypto, stocks & bonds, forex, and commodities. With DTX Exchange, traders experience uninterrupted high-velocity trading in the growing crypto market. The user-friendly exchange provides up to 1,000X leverage, distributed liquidity pools, non-custodial wallets, and absolutely no KYC restrictions.
Join The Massive Presale Opportunity As DTX Raises $7.62 Million
This presale rally by DTX Exchange has set the market on fire after its milestone crossed $7.5 million, soon to touch $8 million before advancing to the next presale round. DTX Exchange benefits traders by enabling users to maximize their gains and minimize risks through up to 1,000x leverage. This way, users control large positions with small capital and bag huge profits.
As Solana is poised to hit new ATHs amid the broader market shift, DTX Exchange (DTX) has disrupted crypto giants with its premium quantitative and algorithmic trading. The platform offers advanced trading tools and APIs that allow users to automate trading strategies and lock in massive profits in the volatile crypto market. Join now!
Learn more:
Buy Presale
Visit DTX Website
Join The DTX Community
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
