The crypto market has started December on a positive note, as many top altcoins are registering huge gains. Dogecoin (DOGE) and DTX Exchange (DTX) are two of the top gainers that have caught the attention of analysts.
Their values are expected to rise to $0.75 and $1, respectively, in the coming weeks. On the other hand, Solana (SOL) is grappling with a bear. Its price has plummeted 10% on the weekly chart due to pressure from competitors who have stolen investors’ attention.
Solana (SOL) Faces Bear Pressure
Solana (SOL) is still under bearish pressure as other coins show gains in the first week of November. Per data from CoinMarketCap, the value of the Solana coin has dropped by 10% on the 7-day chart. It has also dipped by 3.4% in the weekly timeframe.
The poor price performance comes amid heightened competition from other altcoins like Ripple, which has seen massive gains in the past week. Nevertheless, analysts’ optimism has not died down completely. Curbo forecasts the Solana crypto price could rise to $420 by Christmas. According to them, the Solana price consolidation is a bullish sign.
Aylo argues the value of the altcoin could pump to $850. Right now, most of SOL’s technical indicators are bullish. The Stoch RSI (14) is flashing a buy signal. Also, the Fear and Greed Index shows Extreme Greed. Both of them indicate optimism from buyers, which could translate to a price increase in the coming weeks.
Dogecoin (DOGE) Predicted To Reach New ATH Of $0.7500
Dogecoin (DOGE) has been one of the top memecoins in the market this past month. Its price has skyrocketed by over 170%, refueling investors’ optimism for a potential rise to $1. Unfortunately, the Dogecoin crypto faces a strong resistance around $0.475. Bulls are currently making another attempt to break this crucial barrier.
CoinMarketCap data shows Dogecoin price has increased by 3.1% on the 7-day chart. Scofield, in a recent tweet, says the memecoin is ready for takeoff after it broke out of a symmetrical triangle. Another analyst, TraderRocko, posted a Dogecoin price chart where DOGE rose to a new all-time high of $0.7500 before soaring to $1.
Dogecoin’s (DOGE) RSI has crossed 70 into the overbought zone, which is a bullish move. The Average Directional Index (14) and VWMA (10) are flashing buy signals that hint at a likely price surge.
Trade Traditional Assets and Crypto on DTX Exchange (DTX)
DTX Exchange (DTX) is set to revolutionize the trading industry through a new-generation trading platform where users can trade Forex, Equities, Crypto, Commodities, and ETFs on the same platform. What this has done is to reduce the number of accounts or platforms that traders have to open in order to trade many assets.
Also, the DeFi project has a unified wallet called Phoenix Wallet. This is a non-custodial wallet designed for traders who want to hold multiple assets. The VulcanX blockchain is also part of DTX’s ecosystem. This blockchain enables secure and efficient handling of transactions in different types of assets.
In the future, DTX aims to be the bridge between traditional finance and digital assets for a stable, fast, and seamless trading experience. At the moment, DTX Exchange is in the fifth stage of its presale and has already raised more than $9 million. The DeFi coin is currently priced at $0.1, with the potential to reach $1 in the weeks ahead.
Final Words
Dogecoin (DOGE) could reach $0.75 while DTX Exchange is expected to reach $1. The next few months could bring some exciting opportunities for those willing to act. Smart investors are already joining the train as they look forward to a massive rally that could increase the value of their portfolios.
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