Disclosure: This article does not constitute investment advice. The content and materials presented on this page are provided for educational purposes only.
The market drop shook investor confidence, but a strong rebound came after Solana whales assured investors of a big rally, betting heavily on emerging hybrid exchange DTX.
The market crash shook investor confidence, but a strong rebound took place after Solana (SOL) whales assured investors that they were in for a nice recovery. Solana whales are betting big on the emerging hybrid exchange DTX. DTX Exchange has already raised over $1.2 million, gaining investor confidence.
Solana whales are mostly bullish on two cryptocurrencies, DTX and BONK. They expect DTX and BONK to rise by more than 200% and have also declared them recession-proof.
Solana is trading near the oversold zone
The cryptocurrency market is in freefall, with altcoins taking the brunt of the blow. Solana tokens have fallen 19.69% over the past week. This drop in Solana could easily be part of a broader global market sell-off driven by economic concerns in Japan, skepticism about AI investments, and rising geopolitical tensions in the Middle East.
Solana’s daily relative strength index (RSI) has fallen to around 32, its lowest level since June. For those unaware, an RSI below 30 is considered oversold, meaning the price is trading below its perceived value. Traders view Solana with an oversold RSI as a buying opportunity, which could lead to a consolidation or rally like the one we’re currently seeing.
BONK attempts to recover from support level
The popular memecoin BONK has been on a prolonged decline. However, in the last 24 hours, the price of BONK has increased from $0.00001831 to $0.0000206. This is an increase of 12.61%, a huge relief for holders of the coin.
However, even though the BONK price chart shows a strong rebound after a rapid decline, this could be a temporary recovery for Bonk. Analysts believe that since it bounced off the trendline support, the trend could change from there.
DTX Exchange offers 1,000x leverage
DTX Exchange offers impressive features with 1000x leverage. This allows traders to generate significant returns with minimal capital. The platform combines the features of both centralized and decentralized exchanges. It removes trading barriers and eliminates the need for KYC (Know Your Customer) requirements. This ensures a seamless trading experience.
DTX Exchange prioritizes security with a non-custodial wallet, giving users complete control over their private keys and digital assets. This approach reduces the risk of funds being compromised by unexpected threats.
Experts: High-speed exchange system is seriously undervalued
DTX Exchange stands out for its enhanced security protocols thanks to its Layer 1 blockchain technology. This allows users to trade securely and enjoy reliable and fast transactions in just 0.04 seconds. To further protect against security breaches, DTX Exchange provides non-custodial wallets.
In the second batch of its public presale, DTX Exchange raised over $1.2 million. With growing demand for its unique features, the exchange is poised to become a leader in the defi space. Currently priced at $0.04, DTX tokens are expected to surpass $2 after the presale, offering early investors a potential 200x yield.
To learn more about DTX, visit the official DTX Exchange website.
Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should do their own research before taking any action related to the company.
