After a historic run, the crypto market gave in to selling pressure in December. Even Bitcoin plunged from the $100,000 level. Additionally, Ethereum (ETH) and Solana (SOL) are struggling on the charts. Despite the crypto market’s gloomy outlook in December, DTX Exchange (DTX) managed to maintain its upward momentum.
While many top crypto coins plunged, DTX coin extended its rally by $0.14, a 600% increase. DTX has also secured over $11.2 million in funding, making it a formidable force in the DeFi market. Investors are excited about this new project as it targets a 1,000% increase in 2025, thanks to its unique hybrid trading platform.
Ethereum (ETH) price movement remains bearish
Even as we approach 2025, Ethereum (ETH) continues to trade in a tight range. The altcoin price consolidated between $3,309.16 and $3,512.12 last week, signifying strong bearish pressure among investors. Interestingly, this downward trend comes as Blackrock’s Ethereum ETF surpasses over $3.5 billion in holdings. Unfortunately, this accumulation did not have the desired effect on the Ethereum coin.
Analysts are still positive on the Ethereum crypto. FinanceAstrology estimates that the altcoin could skyrocket to $6,300 in 2025. According to them, the cryptocurrency forms an inverse head and shoulders pattern. This is a bullish reversal signal that could lead to a massive rally. On the other hand, Ethereum’s relative strength index is gradually increasing and may cross the midline soon.
Solana (SOL) could rally if it receives strong support
Solana (SOL) has not been spared from the crypto market’s downtrend. The cryptocurrency, which reached a high of $263.83, fell off the charts. Data from CoinMarketCap shows that Solana price fell 18.4% on the monthly chart and 10.7% on the bi-weekly chart. Ali Martinez, a top analyst, told his followers to pay attention to the support zone between $180 and $190. Losing this support could lead to a downtrend.
McKenna predicts that Solana coin price could reach $400 in 2025. The analyst also confirmed the strong support around the $180-$190 level. Meanwhile, Solana crypto faces resistance at $196.24 and $201.32. Based on technical analysis, the sentiment surrounding the DeFi coin is bullish. The Hull Moving Average (9) and VWMA (10) indicators are in buy territory, showing the bulls are gaining momentum.
DTX Exchange (DTX) Set to Transform the Crypto Trading Space
DTX Exchange (DTX) is revolutionizing the crypto market with its innovative trading, support and interface model. Prepare to be blown away as you trade and access 120,000 asset classes such as cryptos, forex, tokenized ETFs, commodities and stocks. The key to this revolution is the VulcanX blockchain, a highly efficient and fast technological marvel.
In its test networks, this innovative chain achieved an incredible speed of 0.4ms and can handle an incredible 100,000 TPS. To be precise, Solana, known for the speed of its blockchain, would theoretically have a throughput of 60,000 TPS. This makes VulcanX one of the fastest blockchains in existence and has set a new industry record.
Additionally, DTX Exchange offers high-risk traders 1,000x leverage, which means they can increase their profits. DTX also values the anonymity of its users, without the need for KYC to gain full access to the platform. Currently, in the pre-sale phase, the DTX token is trading at $0.14, an increase of over 600% over the past few months.
DTX Exchange, the best crypto investment to watch in 2024
With Ethereum (ETH) and Solana (SOL) experiencing bearish trends, DTX Exchange could be the altcoin that brings huge gains to investors in 2025. This DeFi giant has already raised over $11.2 million in from its 2024 pre-sale and is poised to generate mind-blowing profits of up to 1000% in 2025.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Buy in presale
Visit the DTX website
Join the DTX community
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