The crypto market kicked off the week with a significant correction, and Solana (SOL) and Cardano (ADA) were among the hardest hit. Over $120 million in liquidations rocked both altcoins as traders braced for further downside.
Meanwhile, DTX Exchange (DTX) continues to gain traction, with its final presale round approaching closure. DTX has already raised over $13 million and gained 500,000+ holders, positioning itself as a strong contender against legacy blockchain networks.
With Solana and Cardano under bearish pressure, analysts are watching whether DTX’s superior speed and real-world utility could propel it ahead before Q3.
Cardano (ADA) Faces Heavy Liquidations as DeFi Activity Slows
Cardano (ADA) has been one of the more prominent names in the crypto sphere, but the current technical outlook paints a bleak picture. ADA’s price has suffered a significant correction, falling by nearly 16% last week and continuing its decline into this week.
Source: Tradingview
Recent reports indicate that ADA’s price, which once rallied around key resistance levels, is now trading around $0.72, a stark drop that has seen over $120 million in liquidations in the past 24 hours.
Technical indicators further reinforce this bearish narrative. The Relative Strength Index (RSI) on the weekly chart is reading at 45, which is below the neutral threshold of 50, pointing to downward momentum. Additionally, the Moving Average Convergence Divergence (MACD) has shown a bearish crossover, suggesting that the trend could continue.
Should ADA continue its correction, it may test its next weekly support at $0.44, a level that could trigger further selling if breached. This significant drop, combined with a negative sentiment among traders as indicated by on-chain metrics, suggests that ADA faces substantial headwinds in the near term.
Solana (SOL): Bearish Pressure Mounts Amid Market Sell-Off
Solana (SOL) is facing a sharp downturn, with its price dropping over 15% last week. The broader market correction, triggered by Bitcoin’s fall below a key support level on Friday, has intensified selling pressure on SOL and other altcoins.
Source: Tradingview
Currently trading around $199, SOL is down approximately 6.34% from its previous close. Liquidations have surged, with over $84 million wiped out recently, according to CoinGlass data.
Technically, SOL is struggling below the 50% retracement level from its November highs and lows. If the decline continues, the next key support lies at $168.88, last tested on January 13. A confirmed break below this level could push SOL toward its next major support at $120.91.
The weekly RSI is hovering around 49, slightly below neutral, while the MACD has confirmed a bearish crossover—reinforcing the downward trend. With heavy liquidations and negative futures funding rates, SOL’s near-term outlook remains firmly bearish.
DTX: A $0.16 Altcoin Positioned for Growth Amid Bearish Market Trends
In contrast to the prevailing bearish sentiment for ADA and SOL, DTX is poised to capitalize on market volatility with its innovative utility-driven model. Currently in its final presale round at $0.16, DTX has already raised over $13 million, reflecting strong investor confidence even amidst the broader market downturn.
The platform is built on the advanced VulcanX blockchain, which in testnet has demonstrated the capability to process 200,000 transactions per second (TPS), ensuring high efficiency and scalability. This technological edge is designed to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi), offering a unified trading platform that supports stocks, forex, and cryptocurrencies.
Moreover, DTX has seen rapid community adoption, having amassed over 500,000 holders in a short period. This rapid growth in user base is a testament to its potential as a utility token that provides real-world functionality beyond mere speculation.
As exchange listings loom on the horizon, analysts are predicting that DTX could experience explosive gains. Some forecasts even suggest that DTX might achieve 10x growth, potentially outpacing the bearish trends observed in ADA and SOL.
Market Outlook
While Cardano (ADA) and Solana (SOL) are currently grappling with bearish technicals, heavy liquidations, and adverse on-chain metrics, DTX Exchange is emerging as a compelling alternative for investors looking to navigate market turbulence. As DTX moves toward its exchange debut with its final presale round nearing completion, the token’s potential for rapid gains is drawing increasing attention. .
To know more about the DTX Exchange ecosystem, visit: