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The market downfall shook investor confidence, but a strong bounce has come after Solana whales assured investors of a great rally, betting heavily on emerging hybrid exchange DTX.
The market downfall has shaken investors’ confidence, but a strong bounce has come after the Solana (SOL) whales assured investors of a great rally. Solana whales are betting heavily on the emerging hybrid exchange DTX. DTX Exchange has already raised over $1.2 million, winning investors’ confidence.
Solana whales are majorly bullish on two coins, DTX and BONK. They expect DTX and BONK to rally more than 200% and have also called them recession-proof.
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Solana trading near oversold region
The cryptocurrency market is in a free fall, with alt-coins taking the hardest hits. Solana tokens have dropped 19.69% over the past week. This Solana decline could easily be part of a broader global market selloff driven by economic concerns in Japan, skepticism over AI investments, and rising geopolitical tensions in the Middle East.
Solana daily relative strength index (RSI) fell to around 32, its lowest reading since June. For those unfamiliar, an RSI reading below 30 is considered oversold, meaning the price is trading below its perceived value. Traders are seeing Solana at an oversold RSI as a buying opportunity, which can lead to a period of consolidation or rebound like we are seeing.
BONK tries to recover from the support level
The popular memecoin BONK has been facing a prolonged downturn. However, in the last 24 hours, BONK’s price jumped from $0.00001831 to $0.0000206. This is a 12.61% increase, a huge relief for the coin’s holders.
However, even though BONK’s price chart show a strong bounce after the rapid decline, this might be a temporary recovery for Bonk. Analysts believe that since it has bounced off the trendline support, the trend might change from here.
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DTX Exchange offers 1,000x leverage
DTX Exchange offers impressive features of 1000x leverage. This allows traders to generate significant returns with minimal capital. The platform combines features of centralized and decentralized exchanges. It removes trading barriers and eliminates the need for KYC (know your customer) requirements. This ensures a smooth trading experience.
DTX Exchange prioritizes security with a noncustodial wallet, thereby giving users full control over their private keys and digital assets. This approach reduces the risk of funds being compromised by unexpected threats.
Experts: High-speed exchange highly undervalued
DTX Exchange stands out with its strong security protocols because of its blockchain layer 1 technology. This allows users to trade securely and enjoy reliable, fast transactions in just 0.04 seconds. To further protect against security breaches, DTX Exchange provides non-custodial wallets.
In batch 2 of its public presale, DTX Exchange raised over $1.2 million. With growing demand for its unique features, the exchange is set to become a leader in the defi space. Currently priced at $0.04, DTX tokens are expected to soar past $2 after the presale, offering early investors the potential for 200x returns.
To learn more about DTX, visit the official DTX Exchange website.
Read more: Ripple, Litecoin lose yearly gains in single week, traders jump ship to DTX
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