Dogecoin investors recently witnessed a notable surge in DTX Exchage’s ongoing presale, hitting $9.6 million in overall collection to date. Following this bullish pattern in the network, analysts claim that they noticed a similarity in DTX Exchange’s presale rally. Next, they compared it to Solana’s 2021 33,000% rally, which launched the altcoin to new highs.
Dogecoin (DOGE) Price Analysis & Future Outlook
Market data reveals a month-long consolidation phase for DOGE, with price action contained within clearly defined boundaries. The upper limit of this range sits at $0.44, while support continues to form at progressively higher levels. Daily chart analysis shows the formation of a technical pattern known as an ascending triangle.
This structure appears through a flat upper resistance at $0.44 combined with rising lower support levels, indicating steady buying pressure at each dip. Trading volumes provide additional context to the current setup. Volume analysis indicates higher participation during upward moves while showing reduced selling pressure during price pullbacks.
Shorter timeframe examination reveals an ascending channel formation. This pattern, created by two parallel upward-sloping lines, contains recent price movements and provides traders with clear reference points for support and resistance. The four-hour chart demonstrates price oscillation between well-defined boundaries.
Can Solana Price Rise To $300 In The Next 30 Days?
Solana (SOL) price has retreated to $235, a 10% drop from the year-to-date high. This decline happened after the coin rallied to a record high of $263. Still, analysts are optimistic that the coin will resume the uptrend and possibly retest the key resistance point at $300, a 30% increase.
In an X post, Cold Blooded Shiller, a popular analyst with over 310k followers, estimated that the coin would get to $300 sooner than most people expect, pointing to its strong performance of the renko chart. The Moon Show, another popular crypto pro, noted that the coin was forming a bullish breakout on the four-hour chart, pointing to a jump to $290.
Source: TradingView
Fundamentally, Solana (SOL) is seeing strong traction because of its meme coins, which have a market cap of $20 billion. Its DEX volume and total value locked have also surged, making it one of the most popular chains.
Solana (SOL) Price Technical Formations
The daily chart shows that Solana (SOL) has all the ingredients to make a strong comeback in the next 30 days. It has already made a bullish breakout above the key resistance at $210, the highest level in March this year. Moving above that level was important because it signaled that there were still adequate buyers in the market.
Emerging Platform DTX Exchange (DTX) Overshadows Dogecoin
DTX Exchange (DTX) is the first trading platform to combine stocks, crypto, and forex assets under a single platform. The platform allows traders to access up to 1000x leverage and trade over 100,000 trading instruments. Unlike typical trading platforms, DTX is backed by the Vulcan X blockchain that powers a suite of DeFi Tools.
Additionally, DTX Exchange (DTX) allows early backers to have governance rights and profit shares. DTX Exchange has already been listed on the data aggregation platform CoinMarketCap. This could be a signal of an upcoming CEX listing and shows building consumer trust in DTX Exchange.
DTX Exchange (DTX) Shakes The Market With Phoenix Wallet
With over 50,000 downloads, the Phoenix Wallet is the first decentralized asset custody solution with support for stocks, cryptos, and forex assets. Backed by the ‘VulcanX blockchain’ and the most advanced encryption, the secure solution is the first in the line of DTX Exchange (DTX) products.
Whether it’s trading stocks, crypto, or forex, DTX’s all-in-one product supports over 100,000 financial instruments with robust security. Powered by the cutting-edge VulcanX blockchain, the Phoenix wallet supports lightning-fast transactions with complete control. If you haven’t already signed up on this next-gen hybrid platform, join now!
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