Solana (SOL) Price Plunges to $130: Analysts Say It Will Touch $100 Mark

The crypto market dipped significantly, wiping out $90b in valuation, with Bitcoin hitting a 24-hour low of $57,932, causing Solana to plummet and investors

The crypto market took a hit on July 4th, with massive price drops throughout the board. This bull market saw a correction of about $90 billion in valuation, continuing to show strong bearish price action.

The price of Bitcoin (BTC) also hit a 24-hour low of $57,932, adding more negative influence to the market. This caused investors and traders to shift towards emerging projects that can offer better gains.

Solana (SOL) Price Drops $5.805 Billion (-8.53%) In Market Cap, Biggest Loser Out Of Top 10 Crypto

The market shifts have had a profound effect on the Solana (SOL) price, which dropped $5.805 billion (-8.53%) in market capitalization, making it the biggest loser out of the top 10 cryptocurrencies. The Solana dip signifies the shaking investors’ confidence who have shifted to the DTX Exchange.

Solana Price Plunges To $130: Analysts Say It Will Touch $100 Mark

The Solana price has plunged approximately 13% in the past 48 hours, forming an inverted cup and handle pattern in one day. The SOL token continues to trade within the $100-$130 range indicating uncertainty in its future price actions.

The network faced a major dip on the 2nd of July, dropping the price further. The price movements are a testament to the investor’s shaking confidence in the token’s future. Despite the dApp formation on the Solana blockchain, traders have been moving to emerging projects that can provide better gains.

The technical indicator, SMA, is displaying a negative crossover in the 1D time frame. This highlights the increased bearish price action for the Solana coin in the market.

Moreover, the Moving Average Convergence Divergence (MACD) has recorded a constant decline in the green histogram, indicating increased selling-over-buying pressure in the crypto space.

Solana whales have also been shifting towards better opportunities like DTX Exchange, thereby signifying the network’s bearish takeover.

DTX Exchange Is The Biggest Gainer In The Market With Its Presale Surges, Gathering Solana Investors

The DTX Exchange (DTX) has defied the market sentiment with its presale raise. The platform has been gathering Solana investors with its unprecedented growth potential and remarkable features.

The platform is known for its fast transaction speed and high privacy. Completing the first presale stage weeks before the expected time, the DTX token is set to garb the market with its presale stage 2. It has readily raised $820,000 on completion of 35% of its presale.

As DTX continues to make more blockchain announcements and expand, its $0.04 token price is expected to reach $0.06 in the 3rd round. The platform’s protocol operates non-custodial, allowing users to retain control of their private keys and funds.

This non-custodial method lowers the risk of hacks and poor management dramatically by doing away with the requirement to entrust a central authority with assets. DTX’s technical architecture is designed for scalability and high performance, enabling it to handle high-volume transactions.

Solana Faces Major Downtrend As Bitcoin Prices Fluctuate, DTX Exchange Continues Presale Surges

To learn more, visit the DTX presale, read the Whitepaper and join the DTX community.