Bitcoin’s RSI is plunging to oversold levels, Solana price faces a 40% monthly crash to $100

With the recent bearish market Bitcoin’s RSI is plunging to oversold levels, Solana price faces a 40% monthly crash to $100, pressured by FTX’s looming $1.7 billion token unlock and fading SOL ETF optimism.

With recent bearish market activity pushing Bitcoin RSI to oversold levels, and Solana price facing a 40% monthly crash to $140 pressured by FTX's looming $1.7 billion token unlock and fading SOL ETF optimism, hybrid platforms are emerging as a dominant force in Q2 2024.

Among these platforms, DTX Exchange—which has already raised $15.1 million from over 720,000 participants in its presale and will list with a token price of $0.36—presents an interesting opportunity for a 2x return.

Top Crypto to Invest in Q2 As Solana Struggles, Hybrid Platform Could Lead the Way

While Solana struggles with a 40% monthly decline and faces a major token unlock, a new DeFi project is quickly gaining attention for its hybrid infrastructure and potential to redefine the market.

DTX Exchange, currently in its public presale phase, has raised over $15 million from over 720,000 participants, making it one of the most successful presales in recent times. The platform, which offers a seamless blend of blockchain transparency and access to 120,000+ assets (stocks, forex, ETFs), stands out from single-asset ecosystems like Solana.

Furthermore, DTX operates without KYC requirements and supports 1,000x leverage, catering to both retail and institutional traders. Its Layer-1 blockchain processes 200,000 transactions per second, exceeding even Solana's peak speeds, while the Phoenix Wallet provides efficient custody for multi-asset portfolios.

Crypto strategist Sumit Kapoor highlighted the hybrid platforms bridging TradFi and DeFi are the best crypto to buy in 2025. DTX's presale metrics hint at explosive post-launch traction.

With tokens priced at $0.18 in the bonus round—a 800% increase from its initial stage—the project is set to list at $0.36, presenting a 2x return opportunity for early adopters.

Analysts believe that DTX's integration of tokenized ETFs could be pivotal in disrupting legacy financial systems, especially as the SOL ETF faces uncertainty with its earliest possible listing date set for October.

For traders seeking diverse options beyond volatile meme coins, this hybrid model presents a good crypto to buy ahead of its Q2 launch.

Solana Price Faces 40% Drop As Token Unlocks Loom

In a turbulent 30-day period, Solana's value has plunged by 40%, pushing it to the $140 mark as investors anticipate a major token unlock and broader market instability.

Analysts link the slump to waning enthusiasm for speculative plays, slowing network usage, and external pressures like geopolitical uncertainty. However, the upcoming release of $2 billion in SOL tokens could deepen the sell-off, testing the crucial support levels at $120.

With 11.2 million SOL tokens set to enter circulation on March 1, traders fear further downward pressure as supply surges.

At current prices, the tokens to be unlocked amount to $2.03 billion, which will be released from FTX's bankruptcy estate to creditors, placing additional stress on Solana.

Technical indicators reveal that SOL is trading below critical moving averages, with the $120-$140 range now acting as a make-or-break support zone.

Historical patterns suggest that large token unlocks often precede short-term volatility, especially when tied to distressed sales like FTX's liquidation.

Crypto influencer Ali (@Ali_charts) recently noted, "Active addresses on Solana have halved since October, signaling waning retail engagement- a worrying trend for the SOL ETF narrative."

Shifting sentiment has seen funding rates turn negative and open interest decline by 22% in derivatives markets. While some traders speculate about a rebound to $170, others warn that failure to hold $120 could trigger a steeper drop toward $90.

For now, Solana price remains tethered to broader crypto market movements and the success of its ecosystem in attracting institutional capital post-unlock will be pivotal.

What Will Happen to Solana Price After Token Unlocks

March 1 will be a decisive factor for Solana as $2 billion worth of tokens are set to unlock and enter circulation.

Historically, such events tend to trigger short-term volatility and sell-off pressure as the increased supply weighs on prices. However, Solana's deflationary fee-burning mechanism and potential for institutional adoption could mitigate the impact.

At current prices, the unlocked tokens will amount to a staggering $2.03 billion, which will be distributed to creditors in the FTX bankruptcy case.

The tokens will be unlocked from a total of 1.7 billion derivative contracts sold by FTX to market-makers, with the remaining portion being unlocked from FTX's main account.

This massive influx of tokens will exert immense pressure on Solana