Chainlink (LINK) and Avalanche (AVAX) Display Signs of Recovery, Experts Eye Pre-Breakout Phase

As the brief correction phase of the crypto market seems to end, many altcoins are displaying signs of recovery. Chainlink (LINK) and Avalanche (AVAX) witnessed notable price fluctuations amid a turbulent market and are still in the reds.

As the brief correction phase of the crypto market seems to end, many altcoins are displaying signs of recovery. Chainlink (LINK) and Avalanche (AVAX) witnessed notable price fluctuations amid a turbulent market and are still in the reds. But market experts are calling this a pre-breakout phase due to increasing whale activities.

Avalanche (AVAX) Sets Eyes on $45 Amid Staking Activities

After a decline of more than 17% on the weekly chart, Avalanche (AVAX) is building a strong base at $29. The trading volume of the token highlights a decline of 12%, indicating a slowdown in the previous week. With bulls and bears playing their part in its trajectory, market experts voice optimism for a potential breakout rally in the upcoming days.

The amount of Avalanche (AVAX) staked has increased by 5.1 million, rising to 265.4 million since May 22. As bulls continue to push the limits of Avalanche (AVAX), these staking activities can lead the price to break the $30 resistance, paving the way for a bullish reversal to the mid-range of $36 – $45.

Crypto Whales Trigger a Price Rally For Chainlink (LINK)

Chainlink (LINK) has made notable strides in tokenization in recent months. Despite a prolonged consolidation phase, data by Santiment indicates a decrease in the supply of Chainlink (LINK) on the top 10 exchanges due to surging whale accumulation, triggering optimism for a potential price rally.

As the large transactions exceeding $100,000 have grown for Chainlink (LINK), notable analysts like Bubbafox suggest a positive outlook for the token. With the anticipation of the widespread adoption of distributed ledger technology (DLT), Chainlink (LINK) prices can reach new highs in the upcoming bull run.

DTX Exchange Rallies Past $700,000 in Public Presale

While demand for 100x projects is surging before the next bull, the DTX Exchange (DTX) has emerged as a bright star with a promising potential. The deFi project has shocked the market with a massive $700,000 raised in stage 2 of the public presale, with no signs of stopping soon.

DTX Exchange aims to lead the tradFi sector with its all-in-one hybrid tradFi platform, boasting robust security and a lightning-fast execution speed of 0.04 seconds. Traders can access 120k+ assets of global financial markets including stocks, cryptos, equities, and forex.

With its ground-breaking addition of 1000x leverage to the trading sector, traders can enjoy seamless and mega gains with higher market positions. Through advanced automation and cutting-edge analytical technology, global traders possess a lucrative opportunity to maximize profits in a volatile market.

Can DTX Exchange Promise 100x Gains?

While Chainlink (LINK) and Avalanche (AVAX) prices are still fluctuating, DTX Exchange offers a unique opportunity to earn high returns. The platform combines blockchain layer 1 technology with a no-KYC approach and non-custodial wallets to enhance user security for potential risks.

With the global scope and industry-backed mechanisms offered by DTX Exchange, the DTX tokens are expected to jump to $1 from the current presale price of $0.04, once they hit the mainnet in Q2 of 2024, promising 100x gains to early stakeholders.

News source：https://www.kdj.com/cryptocurrencies-news/articles/chainlink-link-avalanche-avax-display-signs-recovery-experts-eye-prebreakout-phase.html

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