The crypto market is abuzz with the news of DTX Exchange (DTX), a new-generation DeFi project. While Cardano and Dogecoin are slowly recovering, DTX Exchange has been buzzing with its 700% price pump to reach $0.16.
Being an innovative platform that provides access to the traditional finance (TradFi) market, DTX Exchange is changing the way people trade. Currently, in the presale phase, over 600,000 users have joined the project. This number is expected to increase in the coming weeks as the crypto ICO continues.
Dogecoin (DOGE) Aiming For Trend Reversal
Rose Premium Signals, a top analytical platform, has posted a bullish DOGE price forecast on X. They noted the DOGE price is rebounding from the Fibonacci support zone at $0.20083. This potential rebound could mean the DOGE price is gearing up for a trend reversal. If the breakout is successful, the DOGE price could trigger a massive uptrend.
The first target set by the crypto analyst for the Dogecoin token is $0.4993. Subsequently, the DOGE price might soar to test the $0.5740 and $0.6543 resistances if bulls hold their positions. Dark64, another analyst, says the DOGE price might pump to $1.15 if it bounces off the $0.2 price level.
While we await the potential price rally, CoinMarketCap data reveals the DOGE price has plummeted by 2.4% on the weekly chart. The losses also extend to the biweekly and monthly levels, where the DOGE price has dipped by 21.8% and 24.7%, respectively.
Cardano (ADA) Attempts To Breakout Of Descending Triangle
Top crypto analyst Ali Martinez has discovered a potential pattern that could lead to a rally for the Cardano coin. The Cardano price has been trading below a descending channel in the past few days. Looking ahead, Ali noted that the Cardano price could rise to $0.83 if the ongoing breakout holds.
On the other hand, a downtrend could push the Cardano price to $0.75. Meanwhile, the Cardano price has seen a little increase of 2.7% on the weekly chart, per CoinMarketCap. This uptrend shows that buying interest is increasing which could propel the Cardano price to $1.
AltCryptoGems, another analyst, says the Cardano price might rise to a range of $1.2 and $1.6 if the upward price movement continues. The cryptocurrency’s relative strength index is currently in the oversold zone which means the Cardano price might have bottomed out. So, we might see an uptrend in the next few days.
DTX Exchange (DTX): The Best Platform for DeFi and CeFi Traders
DTX Exchange (DTX) is changing the way traders trade by providing a one-stop shop for trading multiple assets. This platform allows traders to trade over 120,000 financial instruments including cryptocurrencies, stocks, forex, commodities, and bonds, all with a single account.
The platform does not require users to go through the Know Your Customer process, which means that the identity of the users is safe. This makes account creation faster. Also, it improves the security of the data and minimizes the chances of losing it to the wrong hands, which is important for traders who are keen on the privacy of their transactions.
In the meantime, the DTX has been setting new milestones in its crypto ICO, raising over $13.9 million in funding. The token is trading at $0.16, an increase of 700% since stage 1. Investors looking for the best crypto to buy for returns should look no further as DTX could be the next 10x coin.
Can This DeFi Coin Surpass Cardano and Dogecoin?
DTX Exchange is now the talk of the town due to its strong trading features and support for the TradFi market. This project has a strong community and the goal to transform the trading industry. Given its low market cap and presale success, the price of DTX could surge by 10x in the coming months.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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