BONK & SOL have been trading in red for this month, and investors are moving towards more reliable tokens like DTX Exchange, which have solid real-world utility
Can Solana Recover from Bearish Sentiment After Unlock? Charts Show Future for BONK and Viral Utility Coin
Updated on: 20 February, 2025 06:42 PM IST | Mumbai
DTX Exchange
The SOL unlock has also unlocked some new fears about the Solana price. There is rising bearish sentiment, and the Solana price cannot cross the $200 mark. Similarly, BONK fell more than 5% last week, and the meme coin has announced that it will burn 2.02 trillion tokens. Traders are betting on BONK’s price to rise since the token burn will reduce supply and increase scarcity.
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DTX Exchange remains on a solid foundation before its official launch. It is a beacon of hope amidst speculative meme coins like BONK that have left traders worried about their investments. DTX Exchange is a hybrid trading platform with a fantastic presale and raised $14M in funding.
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Will SOL Drop to $100?
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The Solan price has dropped from $204 to $184 in two days. The increased bearish momentum is because of its $ 3 Billion token unlock. The 15.7 million SOL will be Solana’s largest supply injection since the token was launched. 3 million SOL will be injected into the market this month alone, negatively impacting the Solana price.
While the effect of the SOL unlock can be potentially disastrous for the Solana price, the SOL ETF filings are seeing progress. With a SOL ETF approval expected later this year, there is rising institutional investor interest, and that could be the one thing that buoys the Solana price this year.
The Solana price faces rejection at the $206 level, and if bearish pressure persists, SOL could close below $163 soon. While holding support above $225, a breakout could spark a SOL rally towards $270. Some key technical indicators suggest a surge in the Solana price. As the Solana price approaches the $193 mark, it faces some bearish pressure, and long positions are being liquidated. Still, short liquidations remain relatively low, indicating that bulls can overcome bearish sentiment.
BONK Price Forecast
BONK is trading at $0.000017 at the time of writing. The meme coin has announced that it will burn over 2 trillion BONK tokens to celebrate the BONKdragon event, and traders are excited because the resultant scarcity will lift the BONK price.
BONK has seen significant price volatility this month, but it has been able to attract investor attention, and there is news that the entire meme coin sector is set to see a reversal. Buying momentum will gradually accelerate, and BONK could move to a higher level on the chart in the short term.
DTX Exchange: The Next Evolution in Asset Trading
DTX is redefining the financial landscape by integrating fiat and digital assets into one platform. Unlike Binance or Coinbase, which give access to solely crypto derivatives, DTX offers a multi-asset trading experience that allows investors to trade bonds, stocks, commodities, forex, NFTs, ETFs, and cryptocurrencies all in one place.
DTX provides deep liquidity and 1000x leverage. This means that you can access massive liquidity with a minimal investment. DTX also offers profit sharing as part of the rebate program, and DTX holders can participate in decentralized governance.
As a decentralized platform, security is a top priority for DTX Exchange, and Solid Proof has audited it. DTX supports a no-KYC policy, meaning users transact without revealing their identity. Given its regulatory compliance and forward-thinking approach, DTX stands out as the best ICO of 2025.
As the financial world shifts toward a more interconnected trading ecosystem, DTX is positioned to lead the charge, providing traders with a robust, secure, and innovative platform for the future of asset trading.
To know more about the DTX Exchange ecosystem, Check out:
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