Solana price increased a record 10% in a day, and now market enthusiasts are ready for the next upswing in the market, investing in emerging tokens. SOL broke its continuous bearish trend after taking support from the $125 level. If the price is sustained, this could be the end of the bearish trend in Solana and the overall crypto market.
With SOL, traders are also eyeing Polkadot (DOT) for a recovery. Polkadot (DOT) broke the support level of $6,000 and now retracing to the same level. However, the price action at the moment looks weak. We will talk about recent developments in Solana and Polkadot (DOT) and also a new emerging coin, DTX Exchange, that is aiming to change trading and investing.
New Feature Updates on Solana
SOL has introduced new features called Actions and Blinks to make blockchain more accessible to everyone. Developed by the SOL Foundation in collaboration with Dialect, a SOL development team, these features allow users to make blockchain transactions directly from their favorite websites and social media platforms.
“Actions and blinks on Solana make it possible for any website or app to handle on-chain interactions, which helps push towards mainstream adoption,” explained Jon Wong, head of ecosystem engineering at the Solana Foundation.
Solana Price up 10%, Start of Recovery or a Dead Cat Bounce?
Solana price, after moving 10% in a day, is now trading above its 200-day moving average, which is a good sign for the Solana price. SOL has taken support from the $125 level; before this, the Solana price took support from the same level and moved atleast 30% each time.
Traders and investors are already looking for innovative tokens that could be the next blue chip crypto in the market. One token that has seen huge demand is DTX Exchange, and Solana price recovery can take it to the moon.
Polkadot (DOT) to Hold AMA on 27th June
Polkadot (DOT) recently announced on Twitter that they would be hosting an AMA (Ask Me Anything) session; the AMA is scheduled for June 27th at 14:00 UTC. During the event, they will talk about the benefits and flexibility of building on their platform. Project leaders from Tanssi, LAOS Network, and KILT Protocol will be there to share their insights on the Polkadot (DOT) AMA.
Polkadot (DOT) is trading below its long-term moving average of 200 days, and the RSI is trading at 40.21, just above the oversold region. If the market starts a new upswing, Polkadaot (DOT) can also see a new uptrend.
DTX Exchange Getting Support in Difficult Market Conditions
As strength in Solana price has been seen, traders and investors are looking for new coins that can perform really well in the next upswing. DTX Exchange has emerged as a new token that can double or triple very soon; a huge inflow has been seen, especially from SOL and Polkadot (DOT) investors.
DTX is bringing a revolution in the exchange space with features like no KYC requirements; it’s pushing the boundaries of trading technology. It offers incredible features like 1000X leverage, distributed liquidity pools, and a non-custodial wallet system.
These features give traders freedom and flexibility in handling their crypto and other assets. The recent presale numbers show just how popular DTX is becoming. With over $750,000 raised so far and $200,000 in just the first two days of the public presale, DTX is set to make a big anime for itself in the market.
Learn more:
Visit DTX Presale
Read Whitepaper
Join The DTX Community
