The post DeFi Coin Surpasses Shiba Inu, Solana Eyes $350 Rally or $150 Drop   appeared on BitcoinEthereumNews.com.

A new DeFi giant is making waves in the crypto market, DTX Exchange (DTX) with its recent price pump, giving investors up to 700% ROI. It has even outshined Shiba Inu (SHIB), the second largest memecoin. With over $13.5 million raised, DTX might be the game changer that helps investors recover their losses. Its price could soar by 20x in the coming months. Meanwhile, Solana (SOL) is at a crossroads. It is trading in an ascending channel and could soar to $350 or drop to $150. Solana (SOL) Trades In Ascending Parallel Channel According to one of the most popular crypto analysts on X, Ali Martinez, Solana (SOL) is trading in an ascending parallel channel. Despite the recent market correction, the cryptocurrency has remained within the channel. Looking ahead, Ali noted that there are two possible scenarios depending on price movement in the coming days. A breakout from the channel could push the price of the Solana coin to $150. On the other hand, following the channel could push the Solana price to the midline of $280 or the upper part of the channel which is $350. In the meantime, the momentum around the altcoin is mixed. It is uncertain which direction SOL could take. While technical indicators like the Hull Moving Average (9) and Stoch RSI (14) favor an uptrend, the VWMA (10) and Awesome Oscillator (5, 34) point towards a potential price decline. Meanwhile, CoinMarketCap data shows the value of the Solana crypto has dropped by 15.7% on the weekly timeframe and 8.3% on the monthly level. Shiba Inu (SHIB) Forming Cup-and-Handle Pattern, Targets $0.000085 Shiba Inu (SHIB) is among the top crypto coins that are fighting to pull a price reversal in the next few days. The memecoin has been under bearish control in the past week. CoinMarketCap…

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Filed under: News - @ February 7, 2025 7:22 pm