A top crypto expert, Ali Charts, has identified a recurring pattern that pushed Dogecoin (DOGE) to new peaks in previous cycles. The analyst noted that DOGE has completed the first two steps and could skyrocket anytime from now. Meanwhile, investors have been scooping up huge amounts of a DeFi token called DTX Exchange (DTX) after it recorded gains of 500%.
While the DTX coin has outperformed the rest of the market, especially during this dip, analysts believe it will remain the star of the coming altseason. They have tagged it as one of the best coins to invest in for 10x profits in the coming year. At the same time, Ripple (XRP) is forming a bull flag pattern.
Dogecoin (DOGE) Spots Historical Trend That Could Lead Spark Surge
A top analyst, Ali Charts, has noticed a recurring pattern in Dogecoin (DOGE) price movement. In 2017 and 2021, the Dogecoin token had a parabolic rise and then a decline of about 40% and 56% respectively. Interestingly, these retracements were then followed by gigantic rallies of 5,000% and 12,000%.
As of 2024, the Dogecoin crypto price has risen by 440% and then pulled back by 46%. According to this historical behavior, Ali Charts predicts that another parabolic run for DOGE may be in the offing. At the moment, the Dogecoin price has been trading between $0.275 and $0.35 in the past few days.
The value of the memecoin has dropped by 23.9% on the weekly timeframe and 27.5% on the monthly level. The relative strength index has also dipped due to the downtrend. It had fallen below the midline and is close to the oversold zone. Yet, analysts believe a trend reversal could occur before the year runs out.
Ripple (XRP) Forming Bullish Flag As Total Supply Drops
Steph is Crypto, one of the most popular analysts, notes that the number of Ripple (XRP) in circulation is gradually decreasing, while the demand for the cryptocurrency is growing. This dynamic, as Steph has pointed out, suggests that a large price fluctuation for the Ripple XRP is imminent.
He posted a chart that showed the total supply dropping below 99.9869 billion. In another tweet, a top analyst called Good Morning Crypto noted that the Ripple coin was building a bull flag. A bull flag is a bullish pattern that could lead to a price surge. If this pattern is completed, the Ripple price could rally to $4.
In the meantime, the value of the altcoin has been consolidating between $2.10 and $2.40 in the past few days. CoinMarketCap data shows it has plunged by 11.1% on the weekly chart and 9.2% on the biweekly level. However, buyers have kept the relative strength index above the midline which is a bullish sign.
Prepare for Liftoff: DTX Exchange (DTX) Could Grow By 10x
DTX Exchange (DTX) has stunned the crypto market, increasing by 500% to reach $0.12 while other cryptos battle bears. Analysts forecast its price could rise by 10x in the coming months. One of the project’s unique selling points is its high leverage of 1000:1 which means traders can increase their stakes with as little capital as possible. This revolutionary feature creates opportunities for generating huge profits with little capital.
Moreover, DTX Exchange does not ask for users’ personal information. It also offers access to over 120k tradeable asset classes like cryptocurrencies, stocks, indices, forex, and others. To increase the level of user control, DTX Exchange presents the innovative Phoenix Wallet – a non-custodial mobile application that can be downloaded on both the Apple Store and Google Play Store.
The synergy of such a technological platform, the focus on the consumer, and the focus on decentralization make DTX Exchange a completely unique and enticing investment proposition. This is an opportunity for smart investors to be in the next crypto revolution.
Which is the Best Crypto To Buy: Dogecoin, XRP, or DTX?
Dogecoin (DOGE) could experience a massive rally in the coming weeks based on the historical pattern. Also, Ripple (XRP) is forming a bull flag which could push it to a new peak. In the meantime, DTX Exchange is gaining traction as the most likely to rally by 10x. The ongoing presale is the best opportunity to join the project before it skyrockets.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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