Bitcoin (BTC) Reversal Impacts Altcoins; Dogwifhat (WIF) and SUI Whales Migrate to DTX Exchange (DTX) Presale

The reversal of Bitcoin's bullish tone after hitting the $61k resistance wall has laid an alarming situation for altcoins. Despite a promising price

Bitcoin’s bullish momentum stalled after hitting a resistance at $61k, leading to a concerning situation for altcoins. While SUI and Dogwifhat (WIF) showed promising price rallies post-crash, declining open interests and funding rates are causing these cryptos to lose steam and seek support at monthly lows.

However, DTX Exchange (DTX) stands out as a prominent crypto presale, maintaining a parabolic trend with a rapidly growing user base, recently crossing the 12,000 milestone. The tradFi platform of DTX is attracting millions in capital investments from Dogwifhat (WIF) and SUI whales, thanks to its advanced and highly demanded technology, which includes next-gen AI integrations to facilitate profitability and individual growth.

Dogwifhat (WIF) Price Declines By 6% With More Dips On Horizon

Solana-based memecoin Dogwifhat (WIF) leads the decliners today as the price plunged to lower support levels, despite a 23% recovery this week. Long-position investors are seen depleting their holdings as the open interest declined by $43 million in the last day, and the Dogwifhat (WIF) price dropped by 6% on the intraday chart.

Prominent crypto specialists like Rehan Rao predicted the potential downfall of Dogwifhat (WIF) to the $0.9 support level last week. With continuous bearish pressures, the meme coin is on the verge of retesting the lower support levels at $1.3, as the double top pattern might be signaling the potential price plunge, following weakened investor confidence in Dogwifhat (WIF).

$4.5 Million SUI Liquidated In a Single Day After Price Fell Below $1

SUI crypto marked one of the most promising altcoins in this cycle, especially after it finally secured the $1 milestone today. However, bearish pressures quickly dominated the crypto, pulling its price to the critical $0.9 support level with a 2% intraday decline at the press time. SUI crypto is in a make-or-break situation as the bulls and bears continue battling for dominance.

The point of concern for notable crypto analysts is the negative funding rate and dropping SUI open interest which landed at $341 million in the last 24 hours. Moreover, $4.5 million worth of tokens are dumped on exchanges, following the price retracement to immediate support levels.

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With the SUI crypto still possessing a dominant market position, analysts are divided over its future performance—a few predicting that it will continue a descending trajectory while some hope for a jump to $1.5 by the end of August. Savvy investors are seen placing bets on a hot presale, promising high gains and substantial growth potential.

Smart Investment Choice DTX Exchange Reaches 12,000 Users

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