DTX Exchange Hits $0.18 in Presale – Is a Breakout Looming?

Based on recent Dogecoin news, DOGE's price action has faltered, prompting savvy holders to redirect over $440,000 within 24 hours toward emerging alternatives.

Recent Dogecoin news showcases the fragility of meme coin fame as DOGE's price fl faltered, leading to a 24-hour capital exodus of over $440,000 from the token into emerging alternatives. This significant investment shift highlights the fluidity of investor confidence in the current crypto market.

As Dogecoin struggles to maintain momentum, DTX Exchange continues to attract substantial attention during its presale phase. Its early participants are eyeing potential 2x returns as the token advances toward its $0.36 listing price.

DTX Exchange Hits $0.18 in Presale – Is a Breakout Looming?

The hybrid trading platform DTX Exchange has reached a significant milestone as its token price climbs to $0.18 during the current bonus stage of its presale. Following the successful eighth stage priced at $0.16, the platform has demonstrated consistent growth patterns.

Its progress has attracted more than 720,000 unique investors who are joining the presale in response to the platform’s unique offering.

At this stage, DTX is showcasing its capabilities to trade over 120,000 instruments, ranging from stocks and forex to cryptocurrencies, ETFs, futures, and money-market instruments.

This wide-ranging coverage positions DTX as a one-stop trading hub, which could be a key differentiator in the crowded DeFi space.

The recent progress of DTX Exchange has been noticed by financial experts who are placing the platform among the best new crypto to invest in today.

With the eighth stage of the DTX presale now sold out and the ninth stage priced at $0.18, investors are quickly shifting their attention to the next level of the token's journey.

DTX is currently preparing for its listing on major exchanges at a price of $0.36. At the ninth stage of the presale, the token is available for purchase at $0.175.

Those who invested in the eighth stage at $0.16 will be able to reap a 121% return when the token reaches its listing price on exchanges.

After a turbulent period for the crypto market, which saw a 11% plummet in 24 hours, Dogecoin price faltered.

Remaining optimistic, crypto expert @CryptoWhale notes, “Dogecoin’s fundamentals haven’t changed, but how people feel about projects has. Money is moving from fun meme coins to projects that actually do something useful. This shift could maximize everything through 2024.”

The expert's opinion aligns with recent trends observed by crypto analytics firm Glassnode. Their analysis unveiled a significant capital flow from Dogecoin and other meme coins into Layer-1 blockchains like Solana and optimistic rollups like Stacks.

Chart analysis from Benzinga suggests that in the short term, the outlook for DOGE remains bearish. A glance at the 15-minute chart reveals that the candle closed in the red, indicating seller dominance. Moreover, the price dropped below the 20, 60, and 120-period moving averages, further indicating bearish momentum.

However, those bullish on Dogecoin will be keeping an eye on the $0.17 level, which is the lower band of the Bollinger Band and a key level of support for the cryptocurrency. If the price drops below this level, it could open the door to more significant sell-offs. Conversely, if the price manages to stay above $0.17 and the 120-period moving average, it could signal a reversal of the current bear trend.

In terms of technical indicators, the Relative Strength Index (RSI) is currently in oversold territory, which could be seen as a bullish signal. A reading below 30 is traditionally considered oversold, while an RSI above 70 is overbought.

Dogecoin news also covers that the cryptocurrency has struggled to maintain stability throughout 2024, especially after its strong performance in 2023.

Despite keeping a $27.5 billion market value, which places it 10th largest crypto, and boasting over 720,000 unique addresses on-chain, DOGE faces an uphill battle to recover.

Its price slid 11% to $0.19, continuing a bleak week with 27% losses and a staggering 43% plummet over the last month.

This bleak outlook is recognized by crypto trader "@Degen_Mind" who, in a recent tweet, highlighted the stark contrast between the narratives surrounding meme coins and utility coins.

Is The Market Correction Over? Solana Price Drops Below $140

The Solana price has dropped below the psychologically important $140 level and is now down 6% in 24 hours, trading at $131.

The top-tier Layer-1 blockchain has faced