DTX Exchange (DTX) has emerged as one of the best projects in 2024, with new updates scheduled for August. While the crypto market is bleeding, DTX holders enjoy the ride with the innovative platform, which is about to disrupt the exchange industry.
Major coins, including Cardano (ADA) and Avalanche (AVAX), have shown a strong bearish trend since early March of this year. This bloodbath has made investors more inclined toward the DTX Exchange, making it the highest gainer of 2024.
Cardano (ADA) Down 58% From Its 52-Weeks High
Cardano (ADA), after the crash, has slid down to #11th position with a market cap of $11.8 billion. In the last seven days, Cardano (ADA) has decreased by over 2%, and in the last 30 days, it has decreased by over 21%. Cardano’s price could double bottom if the bounce comes from the current level.
However, the problem is that it is trading below the 200-day and 50-day moving averages, indicating both long-term and short-term bearishness in Cardano (ADA). The $0.24 level is the major support level before the Cardano price hits an all-time low, which will destroy investors’ wealth.
Resistance Now Working As Support For Avalanche (AVAX)
The $20-$22 range has worked as a crucial resistance zone in 2023; Avalanche (AVAX) has rejected the same range many times, making it an important zone in the Avalanche (AVAX) trading chart.
MACD in Avalanche (AVAX) also indicates bearishness, as both EMAs are trading below the 0 line. The bearish flag formation is another important development on the charts, and a breakout on either side can give a bullish or bearish leg. However, volatility has decreased in the Avalanche (AVAX) price, which could indicate a reversal in price.
DTX Exchange Both Fundamentally And Technically Ready For Rally
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DTX Exchange has become the favorite of value investors because it is the best utility coin available in the cryptocurrency market. It has also led the presale list after raising $1.4 million and having over 7,000+ holders believe in the coin.
DTX allows trading across more than 120,000 asset types without requiring KYC, giving traders exceptional privacy and flexibility. Users also enjoy lower fees, advanced trading tools, and governance rights.
Positioned between DeFi and TradFi, DTX Exchange aims to revolutionize the $10 billion global trading market by harnessing the power of blockchain technology and traditional assets to tackle key trading challenges.
DTX Tokens, the platform’s native cryptocurrency, can pay trading fees, secure discounts, and encourage active participation. The presale has been hugely successful, with over 15 million tokens sold in record time. Currently priced at $0.04 per token, DTX is expected to rise to $0.12 at launch.
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