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Solana (SOL) has always found its way from the $125 support level; the zone around this level has worked as a great demand zone for the coin, and crypto enthusiasts are expecting the same this time, too. If Solana (SOL) starts the rally from here, we can see a reversal in the market.
In anticipation of a bull swing, whales are now placing bets on high-reward contenders. The early investor of Solana, who has made millions, is sizing heavily on DTX Exchange (DTX) and Internet Computer (ICP).
We will discuss the price behavior around these coins and will know what’s making them an attractive opportunity for whales.
Solana (SOL) has been very volatile lately; after the dip to $120, it has bounced, making a V-shaped recovery in the charts. Also, in the 4-hour timeframe, Solana (SOL) has taken support at the ascending trendline and is currently trading above the $135 level. SOL has increased slightly in the last 24 hours, gaining 1.39%.
The $138 - $140 zone has worked as support, but it is now working as a resistance zone after the Solana (SOL) price broke down. Solana (SOL) rice has taken support, but many overhead resistances can prevent it from going up.
September has been a formative month for DTX Exchange as they recently launched their best feature, VulcanX. This feature has caught the attention of all the investors in the investing community as it will revolutionize the whole finance sector.
On Monday, a Solana (SOL) Whale bought $378k worth of DTX Token at an average price of $0.06, which shows the confidence of big investors in the DTX Exchange. DTX has caught the attention of traders and investors with its unique 1000x increased profit potential, giving users the opportunity to earn significant returns while maintaining privacy.
DTX’s hybrid TradFi platform spans multiple financial sectors and provides access to over 120,000 assets. It is highly regarded for its strong security, distributed liquidity pools, multi-tier accounts, advanced analytics, and layer 1 blockchain technology. Experts in the industry are calling it a one-stop marketplace that blends the best aspects of both centralized and decentralized exchanges.
Internet Computer (ICP) has attracted whales because of the constructive price action and the formation of a double-bottom bullish reversal pattern on its charts. Also, Internet Computer (ICP) has broken out of the pennant pattern with a good volume, clearing the $8 level very easily.
Another positive point in Internet Computer (ICP) is that it stays above the short-term moving average of 50 days, indicating the bullish strength in price. If Internet Computer (ICP) successfully crosses the $10 mark, the next resistance for ICP is $11, where it can face supply. However, investors are shifting more towards DTX Exchange (DTX) as it has a low market cap and huge upward potential.
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