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DTX Exchange (DTX) Presale Outperforms THORChain (RUNE) and Dogecoin (DOGE) Amid Market Crash

王林
王林Original
2024-08-09 06:37:111103browse

The altcoin sector remains haunted by the recent market crash, with charts still showing declines and bearish trends prevailing despite a notable recovery yesterday.

DTX Exchange (DTX) Presale Outperforms THORChain (RUNE) and Dogecoin (DOGE) Amid Market Crash

The recent market crash has left a lasting impact on the altcoin sector, with charts continuing to display declines and bearish trends despite a notable recovery yesterday. The lackluster performance of Dogecoin (DOGE) and THORChain (RUNE) is pushing investors to shift their focus and explore other promising investment avenues.

In this regard, the record-breaking presale of the 2024 DTX Exchange (DTX) has emerged as a compelling option for investors seeking sustainable growth and long-lasting returns. DTX Exchange is set to compete with THORChain (RUNE) and Dogecoin (DOGE) by offering a hybrid model and a suite of cutting-edge tradFi features, backed by Artificial Intelligence.

Let's analyze how DTX Exchange is positioned to flip THORChain and Dogecoin in the next bullish cycle, which promises sky-high gains.

Dogecoin (DOGE) Struggles Below $0.1 Amid Bearish Market

The memecoin sector witnessed the most significant impact during the recent market crash. Among them, DOGE price dropped to the $0.085 support level, setting up new yearly lows and experiencing massive capital outflows.

Although there was a minor intraday recovery, Dogecoin bulls are still struggling below the $0.1 psychological threshold level, displaying a sideways trend.

A technical analysis of DOGE also raises concerns, highlighting strong selling indications as bearish pressures mount around memecoins. The RSI value is positioned at 33, and exponential averages move below the belt.

While some analysts remain optimistic, anticipating a potential bull run from this point, investors are still approaching Dogecoin with caution, given the prevailing market conditions.

THORChain (RUNE) Price Turns Neutral With Mixed Signals

After a massive price decline to lower support levels, THORChain is now experiencing a recovery trend. With increasing exchange activity, RUNE is up by 3.5% on the intraday chart, displaying relatively stable market conditions compared to Dogecoin.

If bulls continue to push, THORChain might find some relief at the $4 support level.

However, there's still a long road for the RUNE token to rise past yearly highs despite surging optimism around its recovery sentiment. Technical indicators also hover in neutral zones, sending out mixed signals.

To be on the safer side, THORChain investors are shifting focus to DTX Exchange (DTX) for bullish growth due to its early-stage potential.

Next-Gen DTX Exchange (DTX) Races on Top With $1.2M Presale

DTX Exchange (DTX) is leading the tradFi sector by introducing cutting-edge features and advanced analytics to streamline and reform conventional trading processes.

The platform pioneered the 1000x leverage feature in the trading sector, which can be a game-changer for traders with low capital funding.

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