Solana price has been in the spotlight since Bitcoin hit its new ATH of 97K. Given its growing momentum in the bull market, SOL is expected to hit a bullish rally as investors inject millions. Meanwhile, a hybrid model that’s making headlines with its 100,000 TPS might take the lead. DTX Exchange is on the verge of becoming the best crypto, with its presale killing it at $8.33 million.
Solana Projected To Drive Price Rally To $5,000, Here’s How
Solana has been making waves since the bull run began in 2023. With the memecoin frenzy coupled with its being an Ethereum competitor, SOL is perfectly positioned for this bull run. Although the Solana price is close to $250, this analyst believes it could hit $5,000 this cycle.
In an X post, CryptoRus, who has over 245,000 followers, made a bold Solana price prediction, in which he said that the coin will rise to at least $5,000 in the ongoing cycle. If that happens, it means that the Solana price will need to rise by 1,965%. Such a move is possible since the coin has already jumped by 2,447% from its 2023 lows.
The analyst pointed to the ‘cup and handle’ pattern on the weekly chart. As shown below, the coin has already moved above the upper side of the cup at $208. It has also completed the formation of the handle section. Now, the coin needs to clear the important resistance level at $259.72, it’s all-time high to confirm the breakout.
Source: TradingView
Analysts Shed Light On Other Reasons SOL Could Soar
In C&H pattern, traders identify potential targets by measuring the distance between the upper and lower sides of the cup. They then extrapolate that from the upper side of the cup. In this case, Solana prices may jump to between $4,000 and $5,000. Such parabolic moves have happened in the crypto industry in the past.
For example, Bitcoin has soared from below $1 in 2009 and is approaching $100,000 now. Similarly, Ethereum price has jumped from less than $10 to over $3,200 today. The bullish Solana forecast will become invalid if the coin drops below the lower side of the handle at $110. Such a move will invalidate the bullish view of the C&H pattern and point to more downwards.
Solana has numerous reasons that could push its price higher in the coming months. There are signs that Bitcoin is about to break above $100k. It has taken it 16 years to move from less than $1 to $100k, and the move to $200k could take it a shorter period. If this happens, altcoins like Solana will continue doing well.
Investors Begin Countdown As DTX Presale Catches Fire At $0.10
DTX Exchange (DTX) has become the most used hybrid platform to trade cryptos after its mind-blowing presale round 5 sold over 40% of the circulating supply before time. Most importantly, investors flocked to this hybrid platform after its Phoenix Wallet went viral, posting over 50,000 downloads in less than a week.
The Phoenix Wallet is DTX Exchange’s first decentralized asset custody solution that supports stocks, cryptos, and FX. The dev team at DTX Exchange has backed the product with the Vulcan X blockchain and cutting-edge encryption for an uninterrupted trading experience. Similar to other DTX products, Phoenix Wallet comes with the same security protocols.
Popular AI Crypto DTX Wipes Out Solana In Q4
The growing demand for DTX Exchange’s $0.10 token among market bulls has prioritized DTX over SOL amid the broader market sentiment shift. According to a crypto expert, DTX Exchange (DTX) could potentially outperform Solana in 2025 with its skyrocketing adoption among institutional investors and retail traders.
As Solana eyes a potential $5,000 rally given Bitcoin’s major ATH milestone, DTX Exchange’s L1 blockchain protocol is on the brink of presenting a potential breakout event. Following this, the platform will likely post a grand $0.20 CEX listing and hit a new all-time high. Join now!
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