Crypto market trends are ever-changing, and large investors always notice emerging projects with huge market potential. Fantom(FTM), after the September move, has been trading in a range pattern, while Dogwifhat is also seeing traction with momentum picking up in the memecoin space.
The trending coin that has recently become the most popular is the DTX Exchange (DTX). Due to high participation, DTX ICO recently crossed the $5.5 million milestone. Analysts have predicted it will lead the exchange platform industry in the coming bull run, replacing giants like Binance.
Fantom (FTM) Finds Support At 20 Days Exponential Moving Average
Fantom (FTM), since the reversal of September, has already given triple-digit returns. After the peak of $0.789, Fantom (FTM) has failed to sustain the highs. It formed a double-top reversal pattern and is currently trading at $0.69 above the 20 DEMA. However, the bullish price action remains intact in the coin, with major support at $0.65.
Fantom (FTM) has formed a bearish cross in the moving average convergence divergence indicator, which signals bearish momentum in the price. Thus, this could be a negative point in the Fantom (FTM) price action. $0.8 is the major barrier to the upside for the FTM price, and 10 DEMA will work as resistance until the price crosses it.
Dogwifhat (WIF) Breakdowns Ascending Trendline
The bullish momentum in Dogecoin has raised other memecoins, such as Dogwifhat (WIF). Since the breakout from the falling wedge pattern, Dogwifhat (WIF) has increased by around 80%. On Monday, it recently broke down the trendline support it was following from the start of the consolidation. This might be the profit booking from the buyers from the lower level. Dogwifhat (WIF) has 50 50-day moving average support 6% below the current level.
Dogwifhat’s trading volume has dropped by 54% over the past week, while its circulating supply has increased by 0.09%. The circulating supply now stands at 998.93 million, reaching 100% of its total max supply. Currently, Dogwifhat (WIF) has a market cap of $2.40 billion and a 24-hour trading volume of $314 million.
DTX Exchange (DTX) Crosses 11,000 Holders: Is 15,000X ROI Next?
DTX Exchange is dominating the list of emerging projects with a high inflow from different crypto communities. Recently, it saw over $670k total inflow from Fantom (FTM) and Dogwifhat (WIF) holders. DTX Exchange is the top contender that can revolutionize traditional finance with massive changes in the exchange industry.
Since its launch, DTX Exchange has shown impressive growth, rising from $0.02 in the first phase to $0.08 in the fourth phase, giving early investors a 300% return on investment. According to analysts, this is a golden opportunity to add some more DTX tokens to the portfolio because, after the launch, it can increase exponentially.
DTX Exchange features dispersed liquidity pools that differentiate it from the rest and allow it to offer a low-slippage and a prompt trading system. This is why the platform is trustworthy and productive even for the most complex traders, raising the requirement for its tokens. It became even more popular due to the introduction of VulcanX L1 blockchain, which freed the system from central governance and cut the costs related to this extra feature.
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