Shiba Inu (SHIB) Rejects The Downside, DTX Exchange (DTX) Analysis: Huge Growth Ahead

Memecoins has made a lot of money for its early investors. The second biggest memecoin, Shiba Inu (SHIB), has made a lot of money for its investors.

Memecoins have brought early investors a lot of money. The second largest memecoin, Shiba Inu (SHIB), has brought a lot of money to its investors. Now, Dogwifhat (WIF) and Dogecoin (DOGE) have been recommended for the upcoming rally.

Another coin that memecoin investors are betting on because of its utility and high growth potential is DTX Exchange Crypto (DTX). DTX is the first exchange that has the features of both centralized and decentralized exchanges. It also seems prepared to take over the industry.

Shiba Inu (SHIB) Rejects The Downside

For more than four weeks, Shiba Inu has been trading around the $0.000013 support level. On Wednesday, the price went through the support level and bounced back after hitting a low of $0.0000124. It made a hammer rejection on the downside. Despite the rejection on the downside, the SHIB price has not been able to break out of the range.

However, the SHIB price is trading below the 50-day exponential moving average. The price has already been rejected from that level more than once. Going forward, this will be a major hurdle for the SHIB. In the short term, the future outlook for Shiba Inu (SHIB) is bearish. We might see a recovery in the medium term.

Dogecoin (DOGE) Near The Breakout Trendline

The memecoin king has not been an exception from the market correction. With the whole crypto market, Dogecoin (DOGE) has been facing a downtrend for months. It is trading in a descending channel and is currently standing at the upper resistance of the channel. The nearest resistance level for Dogecoin (DOGE) is $0.102.

The relative strength index of DOGE is currently at 42.33, showing a mild bearishness in the price. For the trend change, Dogecoin has stabilized itself above the $0.12 level. However, some major trend changes in the coin with support of the overall market are needed to do so.

DTX Exchange (DTX) Analysis: Huge Growth Ahead

AnИзвестный трейдер мемкоинов made a bold prediction. The trader said that while the price movements and developments are exciting, their long-term growth may not match the potential of the DTX Exchange.

This new platform stands out by combining the strengths of both decentralized and centralized exchanges. On the exchange, users can trade assets, including stocks, crypto, and gold, with leverage rates up to 1000x. Plus, the DTX Exchange doesn’t require sign-up KYC checks, allowing for long-term anonymity.

DTX Exchange Crypto aims to redefine online trading. Valued at $10.15 billion in 2024, it is expected to grow to $16.71 billion by 2032. The platform’s native coin, DTX, is used to pay trading fees, access priority customer support, and unlock loyalty rewards. DTX Exchange is offering a $1 million giveaway to ten lucky buyers as part of its promotion. They will have to purchase $100 worth of DTX during its presale.

The project has already raised $2 million in a private seed round and exceeded market expectations by raising $2.5 million in stage 3 of the presale, with over 35% of tokens sold. Currently priced at $0.06, the DTX token is expected to go up to $2 once it hits the main market at the end of 2024.

Learn more:

Buy Presale

Visit DTX Website

Join The DTX Community

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