Price crash leaves (ADA) and (SOL) facing millions of dollars in liquidations

Two DeFi giants Solana (SOL) and Cardano (ADA) have seen significant price declines amid broader market volatility and whale activity. The tokens are trading below key resistance levels and are expected to see further declines as bearish sentiment dominates.

With the hype of Chang Fork coming soon, Cardano (ADA) may transfer $681.9 million in funds to ADA holders to encourage user participation. Despite recent updates and market optimism, many are calling Cardano (ADA) a “stablecoin” due to its historically lackluster performance.

Currently, ADA is trading at $0.41 and could fall below the $0.4 threshold if bulls fail to regain momentum.

Cardano (ADA) has seen a 2.9% drop in market cap and a significant capital outflow. Technical indicators such as the 90-day MCA show a decline in buying pressure and long-term holdings, adding to market uncertainty.

Despite the growing Solana (SOL) ecosystem in the DeFi space, its price has been volatile due to the overall market slowdown and investor selling.

Currently, Solana (SOL) is trading just above the $140 support level, down 11% on the monthly timeframe. With Solana (SOL) announcing the v.18 upgrade, its price could recover quickly in the coming days.

DTX Exchange (DTX): The Next Cryptocurrency with 100x Potential

The hybrid platform offers traders 1000x leverage, allowing them to gain higher market positions with minimal capital.

The project raised $700,000 in the second phase of its presale, and there are no signs of stopping anytime soon. With the project going live, the DTX token is expected to surge above $2, marking this as a prime time to buy the next DeFi leader token.

Overall, despite the downward pressure on Solana and Cardano, the enthusiasm of investors for DTX Exchange is high, indicating that this emerging platform could be the leader of the next DeFi bull run.

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