With Solana facing strong bearish pressure and investors liquidating their SOL positions due to continuous stop-loss hits, they are now looking for the next big opportunity in crypto. Meanwhile, a new low-cap altcoin, DTX Exchange, is stealing the spotlight, raising $13.55 million, and is gearing up for Coinbase listing in May. 

Experts predict a rally similar to the Solana price of 2021, making DTX the favorite choice for momentum investors. Let’s investigate this viral $0.16 altcoin. 

Solana Price Tumbles: Is SOL Heading to $150 Support?

Solana price has pulled back after soaring to a new all-time high of $295.83 as its meme coin ecosystem and the broader crypto market lose strength. The launch of TRUMP meme coin had hit a record in the Solana ecosystem by outperforming greats like Ethereum. However, the market correction dropped Solana price close to 34%, thus falling below the $200 mark.

Source: CoinMarketCap

According to CoinMarketCap, SOL’s total market cap declined from over $125.16 billion in January to $94.30 billion. On the daily chart, Solana price traded below the crucial 50-day and 25-day moving averages. Further reinforcement of bearish sentiment cements the double top reversal pattern on the weekly chart. The pattern has a neckline drawn at $175, and a confirmed drop below this neckline will mean an extension towards the downside.

The Relative Strength Index shows value at 38, indicating that the market is neutral as SOL is at present in the consolidation zone. Technical analysis also highlights the $180 and $170 levels as the nearest support, where the Solana price might see demand at those levels. On the upside, $200 and $220 will be the key barriers. 

DTX Exchange: Next Giant In the Crypto World

DTX Exchange has become the center of attention in the current crypto market, which is facing high volatility amid political events. With an exceptional presale performance in the ongoing presale, the DTX token has had a fantastic price spike from $0.02 to $0.16, rising a remarkable 700% in just a few weeks.

With the launch of the first-ever hybrid exchange, DTX Exchange is enhancing security, convenience, and profit opportunities in the trading world. The platform, therefore, offers all of these under one roof by cutting across the traditional financial assets, such as stoc

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Author: Crypto Daily