WIF, DTX, and FLOKI: The Market's New Favorites
- WBOYOriginal
- 2024-08-18 03:03:09273browse
The crypto market changes every minute, and the corrections have made the sector rotation more interesting. Some coins that made mega moves are struggling.
The crypto market is highly volatile, and the recent corrections have made the sector rotation more interesting. Some coins that made mega moves earlier this year are now struggling, while the emerging coins are showing more strength than the big ones.
Dogwifhat (WIF) became the favorite of investors in March, but the coin has now crashed more than 60% in the last four months. Meanwhile, DTX Exchange (DTX) and FLOKI are continuously seeing money flowing in despite the correction.
Formation Of Head and Shoulder Pattern In Dogwifhat (WIF)
The market downtrend has pushed Dogwifhat (WIF) to its back foot, and it seems the downmove is not over yet. Also, the formation of a bearish pattern—head and shoulder—has made the Dogwifhat (WIF) price weaker. The $1.4 level of Dogwifhat (WIF) is the neckline of the pattern; upon the break of the neckline of the head and shoulder pattern, the downtrend starts.
If the Dogwifhat (WIF) price completes the pattern, the next support will be the psychological level of $1, which is also important because the price has bounded from that level before. The direction the market moves will also decide the direction of Dogwifhat (WIF).
The MACD Bullish Crossover Formation In FLOKI
In the daily timeframe, FLOKI has formed a bullish crossover, which indicates that the price is swiftly moving in the other direction. Also, FLOKI is currently at $0.000125, and the price has bounced twice from the level, so the probability is that the FLOKI price can see demand from the current level.
However, the MACD crossover signal in FLOKI has formed below the baseline, which is not good for the FLOKI price because the EMAs remaining below the baseline indicate weakness in bull strength despite the bullish crossover.
Revolution In Exchange Industry With DTX Exchange
The market fall does not affect those coins that are fundamentally strong and technically poised for growth. DTX Exchange, which is expected to become the leader in the exchange platform, carries the same qualities. DTX Exchange has shaken traditional finance with blockchain technology and jaw-dropping benefits for traders.
DTX Exchange (DTX) is shaping up to be a game-changing investment opportunity. Its innovative 1000x leverage feature offers traders unique insights and significant profit potential. It’s clear roadmap and growth across forex, crypto, equities, and CFDs have attracted a global investor base, firmly establishing DTX in diverse markets.
Traders can capitalize on lucrative opportunities through the platform, which is backed by secure DTX wallets and multi-tier accounts designed to protect digital assets.
Currently, tokens are priced at $0.04 in the second stage, and investors are eagerly joining this KYC-free project. Many anticipate its value to rise to $0.2 upon a wider market launch, potentially delivering a 500% profit.
Learn more:
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Visit DTX Website
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