As Solana’s recent performance is catching attention, the memecoin sector is also presenting gains after the presidential election hype. However, an emerging deFi project is diverting attention towards its highly bullish presale that’s raised over $7 million in a matter of weeks and is gaining momentum as Ethereum Spot ETF inflows grow higher in the coming days.
The Solana bull run has sustained its strong performance, becoming the fourth-biggest crypto in the market. With a $96.8 billion market cap, the recovery run in the Solana blockchain has now hit the $200 psychological mark. As of today, Solana’s 24-hour trading volume has surged by 14.2% – dragging the overall trading volume to a whopping $5.64 billion.
Solana has pulled back to a current price of $197.67 after briefly surpassing $200 with a 24-hour high of $201.19. The bullish recovery in the Solana blockchain now accounts for four consecutive bullish candles and a price jump of 26.39%. According to the analysts, if Solana can continue this bullish sentiment, it might soar ahead and hit new price levels.
The post-retest reversal also took support from the 50% Fibonacci level at $159.54. Currently, it is challenging that the 100% Fibonacci level at $201.69 is attempting a refreshed breakout rally. The MACD and signal lines have produced a bullish crossover for Solana, suggesting a strong potential for further upward movement.
BONK price is currently displaying a high-level bullish sentiment today as technical indicators indicate a 14.8% increase. Analysts point to the Elliott Wave pattern and potential breakout targets as positive indications toward further price gains. As of November 8, BONK currently holds a $1.67 billion market cap with a 24-hour trading volume of $207.8 million.
BONK is now trading at $0.000022, which suggests a new bullish trend. The memecoin is currently hovering above the 20-day Simple Moving Average, which highlights a short-term bullish run. If BONK is able to continue this trend, the SMA will act as a support level, ensuring that BONK’s uptrend remains strong.
At the current price of $0.000022, BONK is nearing the upper Bollinger Band, which might act as resistance if the price fails to break above the upper Bollinger Band at $0.0000249. However, if the price drops back, the middle Bollinger Band at $0.0002125 may serve as a key support level to hold if the Bulls are to retreat for a moment.
DTX Exchange (DTX) made it to the top crypto projects of 2024 under $1.00 after its presale success went viral. The platform’s presale has raised over $7,068,987 in a matter of weeks after launching in the market. Its widespread recognition also supports it big time by earning a listing on CoinMarketCap.
DTX Exchange’s fully functional and user-centric platform allows users to trade cryptos, forex, and equities. The platform offers insane trading features like 1,000x leverage, distributed liquidity pools, non-custodial wallets, and KYC-free trading. The platform promotes global financial inclusion and a collaborative exchange to provide 25x opportunities to its users.
As Solana and BONK show strong prospects and unique value propositions amid the shifting market sentiment, DTX Exchange (DTX) is bagging massive growth in its skyrocketing presale. If you haven’t already joined the presale, entering the exchange as an early investor will get you access to premium features, governance votes and proposals, and entitlement to potential air drops in the future.
After Trump claimed victory as the 47th president of the States, DTX Exchange (DTX) rolled out a promo code ‘TRUMP’ to celebrate the win. Using the code, users can claim a mind-blowing 75% extra on any deposit. While it is a one-time and limited opportunity, the DTX team has decided to keep the offer active only for 5 days. Act now!
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