The reversal of Bitcoin’s bullish tone after hitting the $61k resistance wall has laid an alarming situation for altcoins. Despite a promising price rally by SUI and Dogwifhat (WIF) post-crash, declining open interests and funding rates bleed these cryptos and slump to find support at monthly lows.
However, DTX Exchange (DTX) is a prominent crypto presale that maintains a parabolic trend with an ever-increasing user base, crossing the 12,000 milestone recently. The tradFi platform of DTX is attracting millions in capital investments from Dogwifhat (WIF) and SUI whales with its advanced and high-demand tech with next-gen AI integrations to facilitate profitability and individual growth.
Dogwifhat (WIF) Price Declines By 6% With More Dips on Horizon
The Solana-based memecoin Dogwifhat (WIF) tops the decliner table as the price has plunged to low support levels despite a 23% recovery this week. Long-position investors continue to deplete holdings as the open interest declined by $43 million last day, and the price of Dogwifhat (WIF) dropped by 6% on the intraday chart.
Prominent crypto specialists like Rehan Rao predicted the potential downfall of Dogwifhat (WIF) to the $0.9 support level last week. With continuous bearish pressures, the meme coin is on the verge of retesting the lower support levels at $1.3, with the double top pattern signifying the potential price plunge, following weakened investor confidence in Dogwifhat (WIF).
$4.5 Million SUI Liquidated In a Single Day After Price Fell Below $1
SUI crypto is marked one of the most promising altcoins in this cycle, especially after it secured the $1 milestone today. However, bearish pressures quickly dominated the crypto, pulling its price to the critical $0.9 support level with a 2% intraday decline at the press time. SUI crypto is in a make-or-break situation as the bulls and bears continue battling for dominance.
The point of concern for notable crypto analysts is the negative funding rate and dropping SUI open interest which landed at $341 million in the last 24 hours. Moreover, $4.5 million worth of tokens are dumped on exchanges, following the price retracement to immediate support levels.
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With the SUI crypto still possessing a dominant market position, analysts are divided over its future performance with a few predicting that it will continue a descending trajectory while some hope for a jump to $1.5 by the end of August. Savvy investors continue to place bets on a hot presale, promising high gains and significant growth potential.
Smart Investment Choice DTX Exchange Reaches 12,000 Users
DTX Exchange (DTX) is raising standards in the tradFi sector with its unprecedented presale offerings and empowering traders to navigate volatile markets more efficiently. Combined with offering a sustainable growth opportunity to early buyers in the next presale stages, it also provides a chance to shape the future of the next tradFi leader with governance, access to diverse trading strategies, and voting rights.
Following the increasing demand for its advanced suite of features, including 1000x leverage, AI-powered advanced automation, KYC-free security with blockchain layer-1, and access to 120k+ assets across diverse financial markets, the project has raised a massive $1.3 million in batch 2 of the presale.
Industry experts call it a smart investment choice due to its deflationary tokenomics and regulated framework in the current crypto volatility. To gain early positions in the DTX Exchange for explosive returns, investors are flocking toward this hybrid exchange token priced at $0.04 with projections to surge past $1 post-listing.
Conclusion
The bleeding altcoins, especially Dogwifhat (WIF) and SUI perfectly make ground for the emerging DTX Exchange as a life-saving investment with its early-stage bullish potential to stack up millions post-launch. Now is the ideal time to invest in the emerging powerhouse of trading technologies DTX Exchange for unmatched listing gains before it’s too late.
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