Heading into 2025, some new altcoins like DTX Exchange (DTX) stand out from the crowd, attracting investors’ attention with their utility and high growth potential. While many other cryptos have been consolidating, the DTX coin has been on fire, recording a 500% price pump.
Holders of top altcoins like Shiba Inu (SHIB) and Solana (SOL) have taken note of DTX Exchange after its price pump to $0.12. With the current growth rate, DTX could pump by up to 10x in Q1 2025 and analysts have tagged DTX as a good cryptocurrency to buy.
Shiba Inu (SHIB) Eyes Potential Breakout After Long Consolidation
Market analyst Klejdi Cuni on TradingView recently pointed out a bullish formation on Shiba Inu’s (SHIB) chart. Cuni admitted that the Shiba Inu coin has been on a downtrend. However, he believes that the price chart of the memecoin could surge soon. Cuni pointed out the Shiba Inu crypto has formed solid support at $0.00002424.
According to him, this means that there is still active accumulation and the period of consolidation may lead to a breakout in the following months. Analysts forecast the Shiba Inu coin price could surge to $0.00003232 in the case of a breakout.
If the upward momentum continues, Cuni expects the memecoin’s price to reach $0.00004167 and $0.00005675. Meanwhile, CoinMarketcap data indicates the value of the Shiba Inu token has dipped by 17.6% on the weekly chart. The meme coin could drop below the $0.00002 mark if the bearish sentiment continues.
Solana (SOL) Trades Inside Falling Wedge
In a recent tweet, a top analyst called Jelle commended the Solana coin for holding monthly and weekly support at around $210 despite the correction in the market. According to him, Solana (SOL) has been trading in a falling wedge. Jelle believes a potential breakout is around the corner. The analyst posted a chart that showed the value of the Solana crypto soaring to a new all-time high of $320.
On the flip side, failure to break could pull the altcoin price below the major support to former lows. Currently, the Solana price is consolidating between $203.31 and $234.11 on the weekly timeframe. Meanwhile, Solana’s VWMA (10) and Hull Moving Average (9) are showing buy signals which is a bullish sign. It shows that buying pressure is increasing in the market and a price surge could occur soon.
DTX Exchange: The Future of Trading is Here
Traders should get ready to redefine their trading experience with DTX Exchange (DTX) – a new-generation platform that is set to make trading easier. DTX combines the best of advanced tools and an easy-to-use interface, allowing even the new trader to trade with confidence and the experienced trader to execute trades with ease.
At the heart of DTX Exchange is the groundbreaking Phoenix Wallet, which is a real breakthrough in the management of digital assets. Traders can use it to manage over 120,000 assets with ease, including cryptocurrencies, ETFs, stocks, bonds, and commodities. These assets are all available for traders to buy and sell on the DTX Exchange. Such an approach removes the walls between markets, giving traders the level of trading liberty and options that they need.
In addition, DTX Exchange offers a high leverage of 1000x. Traders can take advantage of small capital to make big profits. One other feature that makes this DeFi project stand out is its no-KYC approach. Traders can register with just an email and cryptocurrency wallet. Meanwhile, the DTX token is a huge part of the platform. It is currently trading at $0.12 and could rise by 10x in the coming months.
Final Thoughts
DTX Exchange has become a breakthrough cryptocurrency for Shiba Inu (SHIB) and Solana (SOL) investors amid the ongoing correction. Investors who want to grow their portfolios can join the train before it takes off.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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