Cantonese Cat, a top analyst, forecasts the price of Dogecoin (DOGE) could surge to $0.74 based on a historical chart pattern from 2021. Meanwhile, Solana (SOL) has been consolidating within a narrow range in the past few weeks. Analysts forecast its price could skyrocket after it breaks out of the consolidation.
In other news, DTX Exchange (DTX) is among the best cryptos to buy now. Early investors who keyed into the project have received 500% returns on their investments. Analysts are expecting another price surge of 20x in the coming months, more gains that DOGE or SOL can yield.
Solana (SOL) Consolidation Could Lead To Price Surge
Crypto analyst Henrik Zeberg has posted a bullish forecast on Solana (SOL), the Ethereum Killer. In Zeberg’s opinion, the Solana coin is still in the consolidation phase after hitting new highs last month. Zeberg said this phase is typical around the best altcoins as they prepare to move higher in the next phase.
It enables the cryptocurrency to develop the momentum required to climb to the next level. He argued that this period of consolidation is a preparation for the Solana price to go up again. Another analyst called Inmortal forecasts the Solana price could pump to $360 in the coming weeks.
Currently, the value of Solana (SOL) has dropped by 2.0% on the weekly chart and 4.1% on the monthly level. Nevertheless, the Solana token could begin an upsurge in the coming weeks. The cryptocurrency’s relative strength index (RSI) is showing at the midline giving the altcoin enough room for growth.
Dogecoin (DOGE) To Retest $0.74 Based on Historical Pattern
In an X post, analyst Crypto Scofield said positive momentum has returned to Dogecoin (DOGE). He agreed that the bullish run this time is more powerful than the one witnessed in November and expects the Dogecoin crypto to rise to new levels. Other analysts have also noted that the Dogecoin token is about to start a rally when one looks at the historical chart.
For instance, market analyst Cantonese Cat notes that the Dogecoin price is primed for its next move based on a historical chart pattern. The expert forecasts the value of Dogecoin (DOGE) could retest the $0.74 area, its current all-time high. Presently, the memecoin’s price has dropped by 2.6% on the weekly chart. However, it is up 12.8% on the monthly level. The Hull Moving Average (9) and Average Directional Index (14) are displaying buy signals hinting at a price rally.
DTX Exchange (DTX) To Capitalize on Growth of the DeFi Sector
The decentralized finance (DeFi) market is still growing, and the number of users is expected to increase to 53.56 million users by 2025. DTX Exchange plans to benefit from this growing market. This innovative exchange is not just a trading platform that deals with different tokens and cryptocurrencies; it is a bridge to a much better world – the world where people take their money back.
DTX Exchange helps users to engage in the decentralized economy by offering them the instruments to do that. The Phoenix Wallet is a major part of the DTX Exchange. This wallet allows users to store and trade various types of assets, including cryptocurrencies, stocks, ETFs, indices, and commodities, in one place. It is no longer a case of using several platforms or having to worry about different wallets. Phoenix Wallet puts traders in charge of their financial future.
Meanwhile, DTX Exchange is not only an exchange but a trading arsenal. A set of professional trading tools is available for traders to enhance their decision-making process and strategies. Live data, trading robots, and copy trading are some of the tools available. The DTX presale is currently ongoing and the DeFi coin is priced at $0.12. It is a perfect chance to join one of the best DeFi projects in the market.
In Conclusion
Solana (SOL), Dogecoin (DOGE), and DTX Exchange could see a massive rally in the coming days. Experts say the upward movement of Bitcoin could rub off on these altcoins. Investors who are looking to make gains should make their move now.
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