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The crypto market, currently in a consolidation phase, presents a unique opportunity to identify and invest in coins that demonstrate robust technical strength, potentially leading to significant returns by December.
After the rally in Memecoin, Dogecoin (DOGE) corrected its 10-day moving average after making a high of $0.13. Meanwhile, Cardano (ADA) has bounced from a low of $0.371 to $0.382 in the last 24 hours.
Another potential coin, DTX Exchange (DTX), which has already gained 200% in the last two months, is expected to top the list of percentage returns by the end of December. In this article, we will discuss the price action around Dogecoin (DOGE), Cardano (ADA), and DTX Exchange (DTX).
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Dogecoin (DOGE) Sharp Bounce From Previous Resistance Level
On the 26th of last month, Dogecoin (DOGE) broke out of the $0.115 resistance level and rallied around 15%. After reaching the high of $0.132, Dogecoin has retraced back to retest the breakout level. The current bounce from the support is strong. However, the pullback has higher participation, which shows a bearish sentiment in the coin
Now, the previous swing high has become the major resistance for Dogecoin (DOGE), with the next major resistance at $0.143. If Dogecoin (DOGE) fails to sustain the retest level, the next support levels could be $0.104 and $0.098. If price breaks the near resistance, we can see Dogecoin hitting above $0.14.
Cardano (ADA) Retraces Back To Falling Wedge
Cardano (ADA) has finally broken out of the descending wedge pattern and has risen 20%. In the last seven days, it has increased by 4.43% and in the last 30 days, it has risen by 12%. In Cardano (ADA), the behavior from the pullback to the breakout level will further decide the price action.
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In MACD, Cardano (ADA) forms a bearish crossover pattern above the zero line. The RSI has dropped to 57 from 70, which shows price weakness. If Cardano (ADA) again moves above the neck of the double bottom pattern, it can reach $0.5 in the coming times.
DTX Exchange (DTX) Projects 3,200% Growth Before 2024 Ends
DTX Exchange (DTX) has attracted the whole crypto community with impressive gains in a short period of time. New features like the VIP rebate system and VulcanX launch have contributed to the gains. New features and the reward system for VIPs and the VulcanX launch have been convicted for the profits. Many experts have already set a record of 3,200% profits for December with DTX. Thus, from the current level of $0.06, it could rise to $1.96. $300 invested at the current valuation can turn into $9,900 in the next few months.
DTX Exchange offers a unified platform where traders can invest in stocks, equities, cryptos, ETFs, and forex pairs, all in one place. The module of VulcanX, capable of processing 100,000 transactions per second, is developed primarily for the DeFi applications. The DTX ecosystem includes a purpose-built wallet, decentralized apps, and a trading exchange.
With its advanced hybrid platform, DTX encourages community involvement by sharing revenue and giving users access to governance features. The platform’s simple interface makes crypto trading accessible for beginners and experienced traders.
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