The crypto market is facing one of its biggest sell-offs in years as President Trump’s tariff war triggered fears of inflation. Among the top altcoins, Solana (SOL) has been one of the worst hit, dropping from $250 to retest the $180 support in a week. Ali Martinez has predicted that a bigger decline may ensue if SOL loses a crucial support level.
Ripple (XRP) is also facing its own challenges, with whales offloading over 130 million $XRP coins in a 24-hour span. As the decline causes turmoil, whales have been buying DTX Exchange (DTX) one of the few top crypto coins that have managed to remain bullish. DTX Exchange has retained gains of 700%, and analysts believe it could rise even further in the coming weeks.
Solana (SOL) Could Face Massive Drop To $138
As the crypto market plunged, the Solana price fell from its weekly high of $250 to retest the $180 support level. CoinMarketCap’s data shows that Solana (SOL) saw a huge bounce off this support and has now recovered back to the $200 support. However, the altcoin is still not out of the woods and is still at risk of a major decline.
According to one of the top technical analysts, Ali Martinez, if the Solana crypto fails to hold the $191 level, a breakdown could happen. The analyst shared a chart showing SOL potentially falling out of an ascending channel. If this happens, Martinez believes that the Solana coin could drop to lows at $138, price levels it last saw in September 2024.
Whales Dump Ripple (XRP) As Price Plunge To $2
Among the top 10 altcoins, Ripple (XRP) suffered one of the biggest declines over the weekend. The Ripple price plunged from over $3.25 to briefly retest the $2 support level. While XRP has rebounded to the $2.3 range, the altcoin price is still down by over 20%. The massive decline was further worsened by top XRP whales taking profit and dumping the altcoin.
Ali Martinez reported that over a 24-hour stretch, whales sold over 130 million Ripple (XRP) coins. A major Ripple news that made the drop worse was XRP being omitted from the Hong Kong regulator’s approved list of cryptos. With the sentiment around the Ripple crypto now looking uncertain, XRP investors have been moving to other more promising altcoins like DTX Exchange (DTX).
Investors Jump on DTX Exchange (DTX) As It Defies the Bear Market
Unlike the rest of the crypto market, DTX Exchange (DTX) has remained bullish, extending its gains of 700% to trade at $0.16. As a result, there has been a ton of investor interest in DTX, with its presale funding rising to $13.4 million. DTX Exchange has pulled this off as it is the first hybrid trading exchange to offer traders access to over 120,000 assets.
In addition to digital assets, traders can buy and sell stocks, forex, commodities, metals, and ETFs on the DTX Exchange. This puts DTX Exchange in the $690 trillion OTC derivatives market. Another great feature of DTX is its hybrid framework. This means DTX Exchange will offer higher liquidity, great security, provide a reliable trading experience, and a No-KYC model.
In addition, the VulcanX blockchain of DTX Exchange could become the market leader. The Layer-1 blockchain processes transactions with 0.4ms speed and supports 200,000 TPS. As a result, industry experts believe it could rise to become one of the top 5 exchanges. Already, it has onboarded over 550,000 traders, showing how much potential it has.
The Best Crypto To Buy Now: Solana, XRP, or DTX Exchange
The current state of the crypto market means Solana (SOL) and Ripple (XRP) could possibly lead to more declines. This leaves the more resilient and innovative new altcoin, DTX Exchange as the one investors are acquiring right now. As a new platform that looks to dominate the crypto trading space, analysts believe the $DTX coin could pump by more than 15x in this quarter.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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