The cryptocurrency market is shifting gears and is entering the bull cycle’s early phase. Dogecoin (DOGE) and Avalanche (AVAX) have performed very well in previous bull markets, and many investors have made millions of dollars by betting on these coins.
Early DOGE and AVAX investors are betting hugely on the DTX Exchange (DTX) based on its future growth potential and adaptability. DTX Exchange is revolutionizing the exchange space with unique propositions, and success in its early presale shows investors’ confidence.
Dogecoin (DOGE) Finds Support At 10 EMA Whipsaws Bullish Flag Pattern
Dogecoin experienced a volatile swing yesterday, trading in the 5.3% intraday range. However, demand for DOGE picked up from the 10-day exponential moving average. After the recent rally, Dogecoin has formed a bullish flag pattern that has consolidated in a range for the last week. By breaking its lower trendline of the flag pattern, DOGE has presented a bull hammer candle on the chart.
Eventually, Dogecoin has shown a lower support level of $0.136 and a critical resistance area at $0.142. Moving averages of 20 and 50 also provide strong support for the price. Calculating the pole’s length, which is 33%, the flag breakout target could be nearly 30%. DOGE has also reached the $20 billion market cap and is ranked 8th in the market.
Avalanche (AVAX) Struggling To Breakout, Trades Under Triangle Pattern
Since late July, Avalanche has been trading in a symmetrical triangle pattern, with volatility contracting as the pattern forms. In the last three days, AVAX has decreased around 11% and has fallen back to the lower trendline of the converging lines. On the weekly chart, the pattern looks like a bearish pennant pattern with major resistance at the $30 level.
Shifting to developments in AVAX, Avalanche Card has been launched by the Avalanche Foundation, thus making it quite easy to spend your cryptocurrency. The card supports multiple other digital currencies, such as Circle’s USD Coin (USDC), Wrapped AVAX (WAVAX), and BENQI Liquid Staked AVAX (sAVAX). The card is available in physical and virtual forms, enabling users to transact at any Visa location. The first establishment of the Avalanche Card will be done in Latin America and the Caribbean.
Analysts Project 75X Gains For DTX Exchange
Analysts and experts have been attracted to DTX Exchange (DTX) because of its record-selling presale. Less than a month after its launch, DTX Exchange has raised over $5.6 million with over 10,000 holders. DTX’s successful launch of VulcanX blockchain technology contributed to the presale’s success. With this integration, DTX users will benefit from the features of both centralized and decentralized exchanges.
DTX Exchange is working to connect traditional and decentralized financial markets, allowing users to trade over 100,000 assets on one platform. This approach gives traders access to a wide range of assets with low trading fees.
The DTX Unified Wallet is the first of its kind, allowing users to manage forex, equities, and crypto assets in a single, secure app. Planned features include P2P asset trading and portfolio management tools. DTX also integrates conventional assets onto the blockchain through its Real World Assets (RWA) builder platform.
Currently, the DTX token is priced at 0.08 and the listing price is expected to be $0.2 giving investors opportunity for 150% gains. With a rapidly growing community behind it, DTX Exchange is poised to make a significant impact.
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Disclaimer: Information provided on AlexaBlockchain is for informational purposes only and not financial advice. Crypto investments, including ICOs, IDOs, presales, and other token offerings, are highly risky. You are responsible for conducting your own research (DYOR) before making any financial commitments. Take professional advice before making any investment. Read complete disclaimer here.
