Solana Price Faces Rejection at $170 While Red Hot DTX Exchange Crosses $5.4 Million From SHIB Whales

The Solana price hit a wall at $170, leaving you wondering what’s next for the popular crypto. Meanwhile, the buzz around DTX Exchange is heating up! With whales from the Shiba Inu (SHIB) community jumping in, the platform has already raised over $5.4 million in its ongoing presale.

If you’ve been eyeing DTX or following SOL’s moves, there’s plenty to be excited about in this fast-moving market. Let’s dive into what’s happening with both!

Solana (SOL) faces resistance around the $170 level following a recent bull run in the year’s first half. While the Solana price managed to break above the $200 level for a brief moment this year, bears have been able to drag the Solana price lower to consolidate between the levels of $163 and $172. 

Based on technical indicators, SOL looks like it is holding the support area around $155-$160, causing the market to form a triangle, which usually leads to a relatively big price move.

While analysts still see some short-term upside in the price of Solana, a move above $175 resistance will probably trigger a fresh Solana price rally. Alternatively, if the bearish momentum continues, the Solana price may find some support at lower levels of $150 before attempting to go higher again.

The DTX Exchange is on fire, crossing $5.4 million in its presale, and it’s not hard to see why big players, including SHIB whales, are getting in. First, DTX holders enjoy discounted trading fees—a huge win if you’re an active trader looking to save on every trade. Staking your tokens will also enable you to vote in platform governance and give you a say in its future.

Also, DTX has rewarded loyalty. The more you trade, the more loyalty rewards accumulate, and this is a sweet deal for those who will stay engaged in the long run. With advanced tools like social trading, copy trading, and even trading bots, you have all the resources to maximize your trading strategies.

Finally, DTX’s distributed liquidity pools ensure seamless trading by spreading liquidity across multiple sources, which minimizes slippage. This means you can expect smoother, more efficient trades even during high trading volume without worrying about price gaps or significant losses. It’s no surprise DTX is pulling in the big fish—there’s a lot to love here!

Shiba Inu (SHIB) has recently garnered attention with a 30% price surge over the past month. Analysts see strong positive trading patterns, speculating that Shiba Inu (SHIB) could hit its target of $0.00003260 earlier than expected. Although there is an opposition point around $0.00002169, the token shows a positive weekly closing.

The meme coin sector has also grown significantly during this period, and Shiba Inu is riding on the current sentiment. According to analysts, Shiba Inu (SHIB) could be driven even higher due to the influence of the broader market of meme coins, especially other meme coins. They are closely watching its next moves.

In comparing Shiba Inu (SHIB), SOL, and DTX, each has its own style, but DTX stands above them. Shiba Inu is just a hyped meme coin, and Solana has robust technology but with a price resistance standing around $170.

Now, enter DTX, which offers more: discounted trading fees, staking rewards, and governance power. DTX has advanced trading tools and loyalty rewards that make it more than just a token—it’s a trader’s playground! If you’re after utility and significant returns, DTX wins.

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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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