Solana Alert; $35M Bought This Week; Extreme Bullish Charts Forge DTX Exchange & Dogecoin as Rivals

Last week, Solana (SOL) whales bought over 200K SOL worth $35 million from the different decentralized exchanges. Despite buying from whales, Solana has declined nearly 10% in the last three days. 

Meanwhile, DTX Exchange (DTX) and Dogecoin (DOGE) have emerged as the leader of the bull market, with bullish price action on the charts. Also, DTX and DOGE are considered the rivals of Solana (SOL), with expectations that DTX will potentially outperform SOL in the future.

Solana (SOL) Breaks Down Of The Rising Channel Pattern

Solana (SOL) has again faced difficulties with the declining trendline resistance. Last Tuesday, the SOL price reached a high of $183.30 and faced rejection from the trendline, where it has been rejected twice before. Afterward, Solana (SOL) price broke down from the rising channel pattern, showing the bear’s strength in the price.

Solana (SOL) is currently trading at $167 with a 20-period moving average working as a support. In further downside, the 50-period moving average is a major support with $160 as the demand zone. Solana (SOL) must break above the declining resistance to make an all-time high.

Dogecoin (DOGE) Retraces To 0.318 Fibonnaci Retracements

After a 60% rally, Dogecoin (DOGE) has taken a pause, retracing back to the first Fibonacci retracement level. DOGE has pulled back 13% from the high in the last three days. 10-DMA is the immediate support for Dogecoin (DOGE), and the weekly high is the immediate resistance level. 

According to technical analysis, if the Dogecoin (DOGE) price holds steady above $0.20, it could spark a major price surge. DOGE’s Market Value to Realized Value (MVRV) Ratio, which measures the average profit of all holders based on the last price each token traded, has reached a five-month high of 77%. Currently, DOGE is trading around $0.15, and investors and enthusiasts are closely watching its next moves.

DTX Exchange (DTX) Best Contender In High Total Addressable Market (TAM)

The global trading market is worth over $11 trillion, with centralized exchanges having the most shares. Potential players in the decentralized market are few. DTX Exchange, with its blend of centralized and decentralized features, is the perfect player in this vast industry. It is the first hybrid exchange that has curated its technology according to traders’ needs.

DTX provides end-to-end solutions for traders and investors, offering over 120,000 instruments on its platform with 1,000X leverage, increasing traders’ profits. The DTX platform also provides various advanced trading instruments, such as algorithms and Quant trading. The AI order execution helps improve order flow and liquidity and increases the exchange’s speed. 

DTX Exchange is in its presale phase, which is the best opportunity for investors. To date, the DTX presale has raised $6.37 million from over 7,263 coin holders. Currently, it is in the fourth stage with a price tag of $0.08. Also, the happy Halloween offer is live, providing an extra 100% on deposits using the code “SPOOKYDTX.”

Learn more:

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