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Cryptocurrency News Articles
DTX Exchange (DTX) Ready For Mutibagger Rally, SUI Blockchain (SUI) Faces Rejection From March High, and Ripple (XRP) Weakest Coin In The Market?
Oct 10, 2024 at 06:01 pm
One of the best ways to track potential cryptos is to find where the smart money guys are investing. Smart money is usually fund houses
Silicon Valley whales are continuously adding DTX Exchange (DTX) in each presale stage, according to a recent transaction report. These insiders believe that DTX Exchange is unique and that no other exchange can compete in the present scenario.
These large investors are known for their ability to identify promising projects early on, and their involvement in DTX Exchange is a strong indication of their optimism regarding the exchange's potential.
Meanwhile, crypto market participants are also showing enthusiasm for DTX Exchange. Last week, a 550K inflow was recorded from the Sui Blockchain (SUI) and Ripple (XRP) Communities.
As part of our coverage, we will discuss the fundamentals of DTX Exchange and its growth potential and conduct a price action analysis of Sui Blockchain (SUI) and Ripple (XRP).
SUI Blockchain (SUI) Faces Rejection From March High
On Sunday, SUI bounced off the 10-period moving average and increased over 20%. However, it has faced rejection from the exact resistance zone of March this year.
After touching the high of $2.16, Sui Blockchain (SUI) price has fallen 10% This is due to profit bookings by investors after a one-month rally.
The first support for the Sui Blockchain (SUI) price is the 10-period MA, which coincides with the $1.85 level. The next major support level is $1.6. The resistance on the upside is the all-time high boundary, and the next psychological level where supply can come is $3.
SUI Weak Performance Compared To Other Coins
From the high of $0.66 on September 29th, Ripple (XRP) has decreased by 23.16% to the current level of $0.53.
This dump in XRP came after the news of tension in the Middle West; however, the market has recovered from the fall in other coins, and Ripple (XRP) is trading around the $0.5 low.
After breaking the ascending triangle pattern, Ripple (XRP) is now trading below its lower trendline. The descending trendline from July last year has also worked as major resistance for the price of Ripple (XRP).
DTX Exchange (DTX) Ready For Mutibagger Rally
The weakness in major coins has caused investors to turn to the DTX Exchange (DTX).
Benefits like low fees and fast transactions have attracted many traders to the exchange. DTX is the first hybrid exchange that brings the features of both centralized and decentralized exchanges together in one place.
The DTX wallet connects directly to the trading platform, offering users access to 120,000 assets across stocks, Forex, and crypto markets. This expands trading options beyond crypto, allowing opportunities to profit from stocks and foreign currencies. The platform includes an app wallet that supports smooth Web3 applications.
Some assets offer flexible leverage options, enabling users to take larger market positions even with limited funds.
In the current stage, the per DTX token is priced at $0.06, with an expert projection of 5,000%; DTX could reach $3.06 in the upcoming rally.
If an investor invests $100 at the current stage, it could turn into $5,100.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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