From its inception, Dogwifhat (WIF) has reached an all-time high of $4.73, giving a 278,135% refund at the time of ATH. Dogecoin (DOGE) has also performed similarly, creating generational wealth for investors.
Early WIF and DOGE investors are again betting on an early-stage coin – DTX Exchange (DTX). Experienced investors are betting on DTX Exchange due to its dominating first-ever hybrid exchange and projection of massive returns after the listing.
In this article, we will discuss the recent price trends in Dogwifhat and Dogecon and why memecoin experts think DTX is poised for multi-bagger returns.
Dogwifhat Sellers Exhaust Price Bounces Off 20 Period Moving Average
With the coins gaining momentum in the memecoins space, Dogwifhat has also shown great relative strength in the market. The WIF price has increased nearly 25% since last month’s swing low. However, the price swing has been volatile, making the momentum trade difficult for traders. Dogwifhat has faced supply from $2.6 and $2.8 levels coinciding with July highs. 20-period MA has worked as continuous support for the coin.
If Dogwifhat breaks out from the $3 major resistance level, it can head for another bullish leg. The next major resistance is at $4.15. Dogwifhat derivatives are seeing a sharp rise in trading volume and open interest. This jump points to growing market activity and shows that more traders actively engage with WIF derivatives.
Dogecoin Forms Inside Candle: Will Volatility Expand?
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Dogecoin has been consolidating in a range for the last six days, and yesterday, it formed an inside candle. Generally, inside formation is a sign of volatility contraction in the price, which results in further expansion with breakout. DOGE’s RSI trading at 64 shows its bullish momentum in the market.
The moving average convergence divergence indicator in Dogecoin has also peaked with histogram plotting above the zero line. The positive crowd sentiment around DOGE suggests a good chance of the uptrend continuing.
DTX Exchange Attracts Traders With AI Trading And High-Security
Despite the gains in the memecoin market, Dogwifhat and Dogecoin investors are adding DTX Exchange as diversification. Some early investors in the first stage are sitting with substantial gains in DTX, attracting more investors. DTX Exchange has embedded AI order execution, which saves traders from slippage and provides smooth order execution.
With the exchange’s efficiency, the DTX team has focused on its security, making it one of the most secure exchanges in the world. The DTX Unified Wallet opens the door to secure, all-in-one asset management. With the DTX wallet, people can trade assets like forex, commodities, stocks, etc., in a single platform.
DTX Exchange is built on the VulcanX blockchain, which lowers the trading fees and increases the execution speed to 0.4ms. With this blockchain technology, users have full control over their trading.
With DTX entering the fourth stage, demand has skyrocketed, with presale raising nearly $6 million in the first week. Currently, each DTX token is priced at $0.08, which valuation analysts believe has much more potential for growth.
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