Bitcoin goes through final dip before a potential surge as SOL recovers
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As Bitcoin eyes a potential $100,000 rally and Solana shows signs of recovery, DTX Exchange steals the spotlight with a $2 million presale surge.
The Bitcoin community has been uncertain about the asset since its last crash. The ongoing market sentiment suggests that this might be the last crash for Bitcoin before it hits $100,000. Meanwhile, Solana shows signs of recovery amid a surge in demand, and DTX Exchange leads the pack.
Bitcoin chart signals rally after 23.03% dip in trading volume
For the past six months, Bitcoin has been trading within a descending broadening wedge pattern, as highlighted by expert analyst Captain Faibik. In his recent tweet, he showed BTC in its consolidation phase while encountering resistance near the $69,000 and $70,000 levels, which might be a bit too hard for the bulls to break through.
Captain Faibik states that this resistance may grow weaker in the coming time, with the possibility of a strong reversal. The DBW pattern, consisting of diverging trendlines, points toward a positive price movement. Bitcoin (BTC)’s lower trendline indicates support, while the upper trendline represents a strong resistance point on the performance chart.
The current $69,000 and $70,000 levels for BTC pose a barrier, while repeated tests weaken the resistance and prepare Bitcoin for a breakout. Captain Faibik has projected the next Bitcoin breakout could shoot off its price to a whopping $100,000 in Q4, given the technical weakening of the resistance and the increasingly bullish sentiment.
Solana listed among best altcoins for next bull run?
Solana has recently jumped to higher grounds followed by the increased demand for its high-speed and low-transaction costs. With the capability of handling 65,000+ transactions in one second, Solana offers the ideal scalability environment for decentralized applications (dApps) and DeFi projects.
Solana is widely recognized for its Proof of History which delivers robust security protocols and maintains efficiency. These cutting-edge features in the SOL blockchain make it an attractive pick for developers looking for a reliable platform.
In terms of performance metrics, Solana is trading at $145.86 as of today with a giant $68 billion market cap and a 24-hour trading volume of $2.41 billion, which has faced a 21.89% drop. Solana is ranked #5 based on its current market capitalization.
DTX Exchange presale rush raises $2m in round 3 at $0.06
The viral presale powerhouse, DTX Exchange, is enjoying a bullish sentiment while the market giants like Bitcoin and Solana are directly affected by the ongoing downturn. The DTX Exchange’s increased adoption among retail traders and investors have ranked it among the major leagues, outshining the memecoins and new presale projects with its performance.
The DTX Exchange offers strong security protocols as well as a combination of the best CEX and DEX elements to provide a transparent, secure, and user-centric platform to its users. The advanced security structure is achieved by deploying state-of-the-art security measures, non-custodial storage solutions, and on-chain verifications.
Whales inject millions in DTX Exchange as it scores gains
Smart contracts
DTX Exchange integrates smart contracts in its technical framework, which comprises self-executing contracts on the Ethereum blockchain which executes trades automatically and efficiently.
Ethereum virtual machine
DTX Exchange’s crucial component, Ethereum Virtual Machine, is a runtime environment that enables verification and code execution within smart contracts, guaranteeing consistent execution across all nodes.
Decentralized order book
The Decentralized Order Book managed by Smart Contracts maintains a record of order books and matches buy and sell orders from traders, ensuring fair order matching without needing someone to do it.
As DTX Exchange gears up to lead Bitcoin and Solana amid the market volatility, investors are increasingly joining its booming presale for maximum gains and benefits.
To learn more, check out the presale, visit the DTX website and join the DTX community.
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