The crypto market is set to explode in the coming months. Analysts like Crypto Rover point towards an altseason that could last for over another 80 days. Solana (SOL) is one of the top altcoins experts believe will benefit from this altseason, with a potential target of $330.
Meanwhile, Ethereum (ETH) has broken resistance to go past $4k but is struggling to hold its position. In other news, a coin called DTX Exchange is making waves in the market. Experts have tagged it the best crypto to buy for potential 10x gains.
Solana (SOL) Targets 0 As It Eyes Potential Breakout
Over the past month, Solana (SOL) has been trading between $200 and $260. The altcoin price showed tremendous growth during this period, soaring with the rest of the crypto market. However, the Solana token has lost some of its gains recently due to a recent pullback. CoinMarketCap data shows its price has dipped by 8.5% on the 14-day chart.
Nevertheless, it has increased by 16.4% in the 30-day timeframe. Meanwhile, Altstreetbet recently posted a bullish forecast for the Solana coin. They predict the value of the altcoin could rally to $330 in the coming days. Another expert called Cryptojack says a price breakout is about to occur.
According to him, the Solana crypto is facing strong resistance around the $259 region. Surpassing it could pave the way for a continuation of the bull run and higher gains in the coming weeks. Besides, the momentum surrounding Solana (SOL) is bullish. Its 14-day RSI is above the midline, which is a sign that bulls are active.
Ethereum (ETH) Struggles Above K, Analysts Confirm Breakout
Ethereum (ETH) crossed the $4k mark on Friday last week after breaching the resistance around $3.7k. The altcoin soared to $4,067 before witnessing a minor correction. A look at the Ethereum price chart shows that the cryptocurrency has been consolidating between $3.9k and $4k since that time. Bulls and bears have been struggling for dominance as investors look forward to more price growth.
The value of the Ethereum token has risen by 32.9% on the monthly level and 7.4% on the weekly timeframe, per CoinMarketCap. In a recent analysis, CryptoBullet notes that the Ethereum crypto has broken out of a triangle formation. The analyst expects a price surge to $6k in the coming months.
Captain Faibik also highlighted the breakout on the weekly chart. He told his followers the 2024/2025 crypto bull has started, predicting a midterm target of $10k. Ethereum’s (ETH) Hull Moving Average (9) and VWMA (10) are currently in the buying territory and support this potential upsurge.
DTX Exchange (DTX) Hybrid Approach Pulls in Investors To Presale
DTX Exchange’s (DTX) hybrid model has attracted a lot of interest in its ongoing cryptocurrency ICO. The project blends the best features of centralized and decentralized exchanges to give users a comprehensive experience. It provides fast transactions at low cost, high liquidity, and top-notch security.
Another benefit that comes with DTX is that it does not require its users to go through the KYC process. The above feature is useful to users who do not want to disclose their identity. The project solves the issue of liquidity through aggregation from several platforms. It also divides large trades across various DEXs so that traders receive the best prices with minimal slippage.
Because of its unique features, a ton of investors have supported the presale of DTX. The DeFi project has just hit $10 million in funding, making it one of the fastest-growing presale projects. Currently, in the fifth stage of its presale, the DTX token has increased by 500% to reach $0.12. Analysts forecast its price could increase by 10x in the coming months.
In Summary
Solana (SOL), Ethereum (ETH), and DTX Exchange are the top altcoins to watch right now. Crypto Rover believes the long-awaited altseason is about to start and this could be the last time investors have to stock up their portfolios.
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