DTX Exchange Gains Momentum as AVAX Price Recovers

The Avalanche price has gained momentum and continues establishing itself as a leading Layer-1 blockchain.

The cryptocurrency market has seen interesting developments in recent times, with several promising altcoins emerging to compete for the top spot. Among the leading Layer-1 blockchains, Avalanche price has been gaining momentum, establishing itself as a significant player in the industry.

As traders anticipate which crypto will emerge as a market leader in the upcoming bull run, they are considering both stellar partnerships and new all-time highs (ATHs).

While the Avalanche price has been bullish, traders have also been noticing another promising altcoin—DTX Exchange. This proposed hybrid of blockchain efficiency and traditional asset diversity has a simple interface, which is beneficial for beginners, and it provides access to a wide range of financial instruments, including cryptocurrencies, equities, foreign exchange, and contract-for-differences (CFDs).

What makes DTX unique is that it offers more than 120,000 pairs of trading options without the need to use multiple platforms. The exchange is based on a Layer-1 high-performance blockchain capable of processing over 200,000 transactions per minute.

Moreover, SolidProof has conducted audits of the platform, which helps investors feel secure about DTX’s leading security standards that protect their investments. Additionally, DTX places asset control in the hands of users with custodial storage solutions and on-chain verifications.

Beyond security, liquidity is crucial for traders. To prevent slippage, DTX leverages distributed liquidity pools, enabling users to smoothly execute trades during any market phase. Every transaction through the on-chain order book becomes fully visible, part of DTX’s commitment to transparent trading practices.

The main component of DTX Exchange is the DTX token, an ERC-20 digital asset hosted on Ethereum. The growing demand for DTX is evident, with over 700,000 users and the presale raising more than $15.5 million.

Also, entering “LIST2X” as a bonus code will quadruple users’ initial investment through effective 4x multiplication when the project launches.

Avalanche Price Surges As AVAX Gains Momentum From Key Partnerships

The Avalanche price today shows an increase of 7.50%, bringing the trading price to $21.69 within the 24-hour trading volume. The upward momentum began after Donald Trump endorsed cryptocurrency reserves on March 2nd.

Additionally, the Avalanche platform continues to draw investor interest through its strategic partnership developments.

The Avalanche Foundation, in collaboration with Rain, has announced the launch of the Avalanche Card. This card will enable users to conveniently use digital currency like cash for purchasing physical items.

This development bodes well for the Avalanche price, considering Rain’s plans to expand its services to Southeast Asia, Africa, and Latin America. These regions are known for their strong mobile technology adoption rates, which presents an opportunity for Rain to introduce its services in a way that caters to the local population.

The rise in digital finance in these markets can help boost the price of AVAX.

Available statistics from crypto analytics firm IntoTheBlock show that institutional investors are performing the majority of whale transactions, which are transactions valued at over $1 million. These activities have expanded by 80%. The entrance of major market players will boost the Avalanche price during the upcoming weeks.

This contributes to the overall bullish trend of AVAX network user interaction, which is being driven by increased whale transactions. As the number of participants in the network expands, it translates to a rising market demand, which usually results in higher prices.

Technical Analysis Of AVAX

The main-level resistance is at $46.74, which is the 1.618 Fib. The price is up by 64.06% in the last seven days, and it could continue to rise if it breaks through the main-level resistance.

The main-level support is at $16.47, which is the 0.382 Fib. The price is likely to find support at this level if it pulls back from the main-level resistance.

If the price breaks through the main-level resistance, it could continue to rise to the next resistance level, which is at $70.06. This is the 2.618 Fib.

If the price pulls back from the main-level resistance and trades below it, it could continue to fall to the next support level, which is at $9.08. This is the 0 Fib.

Overall, the short-term outlook for the Avalanche price is bullish. The price has been trending upwards since it hit a low of $12.06 on January 24th. The price is currently trading above the 20-, 50-, and 100-period moving averages. This indicates that the bulls are in control of the price in the short term.

However, the price is also facing resistance at the