TheCryptoUpdates
Press Release

Cardano Latest Update Could Trigger Another Rally But Spotlight Remains On DeFi Titan DTX and Solana Volume Surge

Cardano Latest Update Could Trigger Another Rally But Spotlight Remains On DeFi Titan DTX and Solana Volume Surge

The Cardano Foundation has recently revealed that NASA is running code on the Cardano network to explore how blockchain technology can improve space-related operations. This new development could start another Cardano price rally. 

However, crypto investors eager for the next bull run are tracking Solana (SOL) and the emerging DeFi project DTX Exchange to capitalize on the altcoins with the best returns potential.

Massive Intraday Surge In Cardano Price: Another ADA Rally?

The Cardano price soared in November 2024 and gained over 300% within a month. This remarkable momentum faded quickly as the Cardano price faced considerable rejection near the $1.25 level, which caused a trend reversal for ADA. Due to this, the Cardano price declined by over 40% to $0.76 within three weeks.

Source: CoinMarketCap

After this, ADA traded sideways for over a month and made a double-top pattern due to resistance from the $1.15 price level. In the last 24 hours, the Cardano price has surged by 9.81% and is trading at $0.9594. The Relative Strength Index (RSI) for ADA is at 47.

Despite the recent surge in the Cardano price, the daily trading volume for ADA has decreased by 17%, and the MACD oscillator continues to decline below the baseline, indicating that bearish sentiment for ADA is increasing. However, ADA has corrected significantly, and if demand returns, it can undergo another rally.

Will Solana (SOL) Continue The Surge For New ATH?

After the recent rally, Solana (SOL) lost demand and faced significant bearish pressure at the $264 price level. The price entered a downtrend and dropped to $175, where it found support. Solana (SOL) continued with slow and consolidated price action above this support level until it intersected its 200-day Simple Moving Average (SMA) two weeks ago.

Solana (SOL) bounced from this SMA and surged over 60% in five days to reach a new All-Time High of $294.33. However, the price lost momentum and again consolidated for a week. Solana (SOL) has gained over 6.7% today and trades at $239.11, above its 20-day SMA but below the 10-day SMA.

Solana (SOL) has significant demand at its immediate support level, near $221, and another support level, $204. If Solana (SOL) continues to surge, it can face considerable resistance at $243.7 and $260.36.

DTX Exchange: The Next DeFi Leader

DTX Exchange has garnered immense attention for its aim of revolutionizing the exchange sector. It has combined centralized and decentralized protocols to create a hybrid ecosystem where users can trade over 120,000 assets, including Stocks, Crypto, FX, Bonds, etc., with up to 1,000x leverage and manage them under a single platform.

This is possible because the platform’s native layer-1 blockchain, VulcanX, bridges the gap between TradFi and DeFi by integrating traditional trading into blockchain technology. The blockchain can thus utilize selective transparency and provide a 200,000 TPS transaction speed.

Moreover, DTX Exchange provides on-chain analytics that traders can use to analyze real-time ongoing market transactions. It also provides trading signals and bots that traders can use to develop and automate investment strategies. Despite hosting these advanced trading tools, the platform is designed to be intuitive and user-friendly to cater to the needs of both newcomers and experienced traders.

The DTX Exchange presale has raised over $13.15 million, and the native token DTX is in the final stage. Investors can acquire DTX at $0.16 per token and make a quick 25% return on investment when it launches at $0.20 after the presale. However, analysts suggest holding it longer as DTX Exchange is poised to cpture the global financial markets, and the token has the potential for 100x growth.

Find out more information about DTX Exchange (DTX) by visiting the links below:

Buy Presale

Visit DTX Website

Join The DTX Community

Related Articles

Sharpe AI Announces $SAI Token Listing on Gate.io

wire chain

Best Meme Coins to Hold This Weekend: BTFD Coin, Dogwifhat, and Cheems Are Top Contenders

Jack

3 Best New Meme Coins with 100x Potential [And Why They’re Making Waves]

Jack
Desktop Banner
Mobile Banner