.png)
Solana could slump further in March, traders switch to viral platform
The post Solana could slump further in March, traders switch to viral platform appeared on BitcoinEthereumNews.com. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. With Solana under bearish pressure ahead of a major token unlock, traders are flocking to viral hybrid trading platform DTX Exchange. The global crypto market is inching towards recovery as experts and traders both act with caution to make sure that there is minimal loss of capital. While many coins are in recovery and are even booking gains, Solana’s price remains under bear pressure. Every downturn in the market drives home the need for altcoins to have strong utility cases so that users remain on the network and the platform’s revenue streams remain stable. Another key prop in downturns is having a limited supply of tokens in circulation. Despite having a good user offering, SOL remains under bear pressure due to its excess supply of tokens in circulation. With another unlock looming in March, Solana’s price could come under further pressure. That said, many investors are moving to the viral new project DTX Exchange. This hybrid trading platform is pulling in investors with its exceptional presale, which has raised over $14.3 million. Solana price faces rejection at $200 The Solana price had fallen below the $198 key support level a couple of days back and is still unable to regain this level. The earlier high of $200 is also another key level. Market analysts predict that if Solana’s price manages to cross these two levels, it should be able to pick up more bullish momentum. However, the market scenario for Solana’s price recovery is not very promising right now. Its trading volume is down by 15.24% to $1.99 billion, and the market cap is down almost 2.45% to $92.2 billion. DTX enters bonus round amid massive demand DTX Exchange…
The post Solana could slump further in March, traders switch to viral platform appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. With Solana under bearish pressure ahead of a major token unlock, traders are flocking to viral hybrid trading platform DTX Exchange. The global crypto market is inching towards recovery as experts and traders both act with caution to make sure that there is minimal loss of capital. While many coins are in recovery and are even booking gains, Solana’s price remains under bear pressure. Every downturn in the market drives home the need for altcoins to have strong utility cases so that users remain on the network and the platform’s revenue streams remain stable. Another key prop in downturns is having a limited supply of tokens in circulation. Despite having a good user offering, SOL remains under bear pressure due to its excess supply of tokens in circulation. With another unlock looming in March, Solana’s price could come under further pressure. That said, many investors are moving to the viral new project DTX Exchange. This hybrid trading platform is pulling in investors with its exceptional presale, which has raised over $14.3 million. Solana price faces rejection at $200 The Solana price had fallen below the $198 key support level a couple of days back and is still unable to regain this level. The earlier high of $200 is also another key level. Market analysts predict that if Solana’s price manages to cross these two levels, it should be able to pick up more bullish momentum. However, the market scenario for Solana’s price recovery is not very promising right now. Its trading volume is down by 15.24% to $1.99 billion, and the market cap is down almost 2.45% to $92.2 billion. DTX enters bonus round amid massive demand DTX Exchange…
What's Your Reaction?
