While the renewed investor interest has brought attention back to the memecoin sector, this new deFi newcomer has proven to be the game-changer in the crypto ecosystem. DTX Exchange offers a hybrid trading model that combines the best elements of centralized and decentralized exchanges to offer the best of both worlds. As of today, DTX has crossed $10.56 million in its presale.
Dogecoin (DOGE) Downtrend To End Soon
Dogecoin is most likely stabilizing at the current price levels, and as the RSI indicates, things may finally improve. Everybody is wondering if this stabilization signals the end of its downward trend or if more drops are on the horizon. The fact that DOGE is currently trading below its 50 EMA, which is located at about $0.36, indicates that the asset is having difficulty regaining its bullish momentum.
There is not much selling pressure as the RSI (Relative Strength Index) is still trading close to 42 despite the recent decline. However, it is important to remember that the RSI has not yet entered oversold territory, so more declines may be possible before a possible recovery. Earlier in December, the price pattern broke out of its ascending channel and now displays a descending structure.
Source: TradingView
Due to this breakdown, DOGE is now closer to its 100 EMA, which is at about $0.28 and may serve as a crucial support level if there are any more declines. If the price breaks through this barrier, the 200 EMA, which is close to $0.22 and would indicate a significant trend reversal if it were reached, would be the next important support to keep an eye on.
Trading Volume Surge In PEPE Pulls Investors
PEPE, the frog-themed meme coin, is witnessing massive activity on the cryptocurrency market that could signal bullish sentiment. In the past 24 hours, over 1.14 trillion PEPE have been traded in a move that signals renewed interest in the asset. According to data from CoinMarketCap, the market volume of PEPE has soared by 19.74% to $2.13 billion.
This spike in trading volume occurred as investors and traders alike moved to take positions in anticipation of a possible market rally. Notably, the increased interest has triggered a price surge for PEPE. At the time of writing, PEPE is exchanging hands at $0.00001868. This represents a 2.15% increase as the meme coin fights to maintain price stability.
In earlier trading, the PEPE price soared to $0.00001941 before experiencing mild fluctuations due to market dynamics. However, the token has found $0.0000185 to be a crucial support level as it has traded above that mark so far despite fluctuations.
DTX Exchange (DTX) Slams Memecoin Sector With $10.56M Presale
The mind-blowing deFi platform has done it again. A powerful presale rally in DTX Exchange’s ongoing presale rally has stormed the crypto market. DTX offers the ultimate solution for seamless and secure asset management. It enables users to trade and manage stocks, crypto, and forex effortlessly, with access to over 100,000 financial instruments in one unified platform.
Powered by the next-generation VulcanX blockchain, DTX Exchange users experience lightning-fast transactions and total control over their assets. It allows the members to simplify their portfolio management with cutting-edge technology, unmatched security, and the convenience of having all their investments in a single, secure wallet.
Memecoin Lovers Ditch DOGE For This $0.12 Best Altcoin
The DTX Exchange (DTX) is built for the next generation of smart investors. The platform offers a secure, hybrid hub to support the future of financial investments. DTX has expanded its unique token holders’ community to 300,000 as of December 2024. Furthermore, the surging demand among bullish investors has pushed DTX token sales to over 100 million.
While the memecoin sector is a strong challenger in the cryptocurrency ecosystem, DTX Exchange (DTX) is poised to hit major rallies in its ongoing presale mania. Memecoin lovers have also shown a different pattern in buying and selling memecoins, indicating that the majority of them are shifting towards other exchanges to claim big profits. Join now!
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