Amid the Dogecoin price fluctuations in the market, analysts have forecasted an uptrend. Queen predicts the value of the memecoin could rise to $0.20 if it breaks out of a falling wedge. Meanwhile, a new entrant is gaining the attention of new and old investors.
Although Solana has been gaining traction in the DeFi market for quite some time now, a new contender called DTX Exchange (DTX) could take over this year. With over 700k users and $16.1 million raised within a short time, DTX Exchange shows potential for 10x growth in the coming months.
Dogecoin (DOGE) Trades in Falling Wedge
According to Coinvo, there is a falling wedge pattern on the Dogecoin price chart. The analyst confirmed that bulls are already staging a breakout, which could occur anytime soon and push the Dogecoin price up the charts. Meanwhile, a crypto enthusiast called Queen also mentioned the falling wedge pattern.
They forecast the Dogecoin price could surge to $0.18 first in the case of an upward breakout. Afterward, the next Dogecoin price target is $0.20. On the other hand, Queen argued the Dogecoin price could continue its downward movement if bulls fail to force a breakout.
At the moment, the Dogecoin price has lost all of its recent gains this week. CoinMarketCap data reveals the Dogecoin price has plunged by 0.3% on the weekly timeframe and 33.5% on the monthly chart. The memecoin price has been consolidating between $0.16 and $0.17 in the past week.
Solana (SOL) Forecasted To Soar If Key Support Holds
The Solana price has been trading sideways in the past few days. Its value has been consolidating between $110 and $140 since March 10, per CoinMarketCap. This bearish Solana price movement has left investors disappointed as many diversify to new DeFi projects. Amid the downtrend, a popular Bitcoin investor on X has told his followers to exercise patience.
Coinvo says the support zone around $120-$130 could be the one that pushes the Solana price to new highs. Another analyst, Man of Bitcoin, says the Solana price is forming a diagonal pattern to the upside. He predicts the Solana price might surge to $153 in the coming days.
However, Man of Bitcoin told his audience to watch out for the Solana price support around the $122 zone. Meanwhile, Mister Crypto also reiterated the support zone cited by Coinvo. The expert says the Solana price might pump to $245 once it breaks out of this downtrend.
Why Investors Are Optimistic About DTX Exchange (DTX)
With the Dogecoin price trading in the red zone, investors are looking for promising altcoins to buy. Among them is the new altcoin called DTX Exchange (DTX). DTX is in the presale stage and is currently priced at $0.18. Its value has risen by 800% and it is expected to 10x in the near future. DTX has also secured over $16 million and has a constantly expanding user base of more than 700,000 people.
Such high interest in the market shows that investors are bullish on the future of DTX Exchange and its strategic plan. The DeFi project seeks to revolutionize trading through its hybrid approach. It offers the best of centralized and decentralized exchanges. The concept of DTX Exchange is based on its VulcanX blockchain, which is fast and secure.
This makes it easier for traders to take advantage of opportunities in the market. Furthermore, DTX Exchange provides tokenized Exchange-Traded Funds (ETFs) for trading. Currently, DTX has over 1000 tokenized ETFs, which makes it a link between the traditional financial and the crypto market.
New Altcoin Catches Investors’ Interest
While the Dogecoin price is under bearish control. The value of the DTX Exchange coin has risen by 800%, outperforming other top altcoins. As more users enter the DTX Exchange community, its price is expected to skyrocket by 10x making it a top crypto to buy.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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