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October shows promise for altcoins, but Solana and Near may face corrections. DTX Exchange attracts whales seeking gains.
October has a history of bullish price breakouts, and analysts are expecting the same from the altcoin market this year. However, a brief correction phase is predicted for leading cryptos like Solana (SOL) and Near Protocol (NEAR) before a decisive price trend takes place this month.
After last week’s surge, Solana (SOL) and Near Protocol (NEAR) prices have retraced back to previous levels, and investors continue to sell their tokens for other promising avenues or with the aim of booking profits and entering again at low prices DTX Exchange (DTX) is a prominent crypto that has not only been performing consistently but also attracting big whales to invest big for higher gains this bull run.
Solana Downside: $120 support level in sight
Solana has been a top performer in the rising crypto market for the last few months and has displayed promising gains. However, the start of October has been devastating for SOL as the high selling pressures have led its price to lose 7.4% gains overnight and lose the critical $145 support level.
The bear market is predicted to lethally impact Solana as its price can dump to $120 level and touch the bottom. While the flip side is possible following the historical bullish sentiment in Q4, investors will still wait for a local bottom to enter again in Solana (SOL) if RSI and other bullish indicators improve in the upcoming weeks.
Near Protocol outflows lead to 8.8% price drop
Near Protocol blasted in the last days of September following the positive news about NVIDIA stocks and its sharding technology implementation. Despite hyped community sentiment, profit cashouts in other leading cryptos led to a bearish trend for NEAR, with its price breaching the $5 support level.
The bullish forces are yet to reclaim dominance as analysts expect a mid-term bearish sentiment for Near Protocol. After a 8.86% drop in the last 24 hours, NEAR is expected to hit the $4 support level if the bearish trends persist to drag the prices down without enough whale support in the upcoming days.
DTX Exchange yields leading gains after vulcanx debut
DTX Exchange (DTX) is a standout performer of 2024’s crypto market as the project leads the presale sector with its advanced technologies and unique features, focusing solely on launching a cutting-edge trading platform that features end-to-end solutions. After the record-breaking 10,000 TPS testnet performance, the project is leading among the presales as the biggest exchange ready to launch.
The high global demand for DTX Exchange has led it to raise a mind-blowing $3.5 million in batch 3 of the public presale. The platform includes 120k+ digital assets across stocks, cryptos, forex, and equities, with leverage up to 1000x. This ground-breaking inclusion pushes traders to invest big in DTX Exchange to capitalize big alongside passive income strategies.
DTX Exchange boasts the best blockchain tech stack with a transaction speed of $0.04 seconds, hybrid nature, and minimal gas fees through VulcanX protocols. With trading APIs, real-time market analytics, and AI-backed automation strategies, traders are attracted to DTX tokens at $0.06 before they skyrocket to $1 after CEX listings by the end of 2024.
Conclusion
DTX Exchange is rapidly outpacing competitors like Near Protocol and Solana with its cutting-edge technology and record-breaking testnet achievements. Amid selling pressures for leading cryptos, DTX Exchange continues to attract massive whale interest. With 75% of the presale batch 3 already sold out, investors are seizing the opportunity to buy in early and secure significant returns in 2024 after the mainnet launch with DTX Exchange.
For more information, visit the DTX Exchange presale website or join the online community.
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