Solana trading volume surges, but Jupiter and DTX Exchange dominate weekly gainers

DTX's viral presale, now in its final round, raises over $13m.

Solana price remains largely unchanged over the past seven days, showing a gain of only 3.3%. However, two altcoins have managed to steal the show this week with incredible price surges and a viral presale.

Solana price struggles below key resistance

Solana’s price action remains under pressure after peaking at $285 on January 19. Following a 12% correction from those highs, the price is now testing support at $232. A break below this level could lead to further downside, with the next critical Fibonacci retracement zone coming in at $216.90.

Adding to the bearish outlook is the flattening 4-hour chart, which technical analysts often interpret as a sign of weakness in the prevailing trend. Countertrend traders may use this observation to anticipate a potential price reversal.

Despite the recent correction, traders should note that Solana’s technical indicators are showing signs of being oversold. This observation, coupled with the presence of overhead resistance at $270, could lead to a potential price reversal. If SOL manages to break through this resistance zone, it may set the stage for a rally back toward the $300 round number.

Moreover, rumors of a Solana ETF approval continue to circulate, which could act as a major bullish catalyst if realized. However, traders are advised to trade cautiously and pay close attention to key support levels amid the volatile market conditions.

Jupiter bullish momentum builds as traders eye new highs

Among the top-performing tokens this week is Jupiter, which has seen some significant ecosystem developments and strategic plays.

The platform recently announced a $50 million JUP buyback, a 3 billion token burn, and the acquisition of key Solana ecosystem players like Moonshot and SonarWatch.

These moves have helped propel JUP price with a 25% gain, bringing the token closer to the crucial $1.25 resistance level. A breakout from this level could pave the way for a rally toward its all-time high at $1.84.

A bullish outlook is further supported by technical indicators on the 4-hour chart, which show both the RSI and MACD trending higher. If JUP clears its overhead resistance zone, analysts predict it could target a price of $2.13, presenting a potential 75% gain from current levels.

DTX Exchange final presale round draws massive attention

While Solana and JUP may be dominating headlines, one project quietly making waves is DTX Exchange as a utility-driven project looking to disrupt the trading industry.

Powered by the VulcanX blockchain, which boasts an industry-leading 200,000 TPS, DTX offers a complete trading platform. It supports stocks, forex, cryptocurrencies, and tokenized real-world assets through its Phoenix Wallet, which has crossed 330,000 downloads.

Currently, in its final presale round, DTX has managed to raise over $13 million, with each token priced at $0.16. As the project prepares to list on centralized exchanges, analysts are projecting a 440% gain from the presale price. This observation is sparking excitement among investors looking to secure their share before the platform's official launch.

Unlike many speculative assets, DTX stands out for its solid utility and long-term growth potential, positioning it as a strong contender in the crypto space.