🚀 Stay Ahead with AltcoinDaily.co! 🌐
Bitcoin has pulled back from the recent high and is gearing up for the next leg, making the current situation best for adding fundamental coins to ride the bull market. We will discuss the top three picks of experts who have the potential for future and solid community backing – Dogecoin (DOGE), Sui Blockchain (SUI), and DTX Exchange (DTX). These can quickly run up to over 300% in the short term in the early phase of the bull market.
Dogecoin (DOGE) Shows Demand From The Retest Zone
Dogecoin (DOGE) has also suffered a correction from the recent market pullback. On Sunday, it dropped to the previous resistance zone from where it broke out last month. At the retest zone, buyers’ response was good, as the Dogecoin (DOGE) price reversed around 5%. Also, after the breakdown from the 10-period moving average, the 20-period strongly supports the DOGE price.
The first leg of this trend in Dogecoin (DOGE) retraced only 0.382; however, the current leg has retraced to the 0.618 Fibonacci level, which showcases weakness in DOGE’s momentum. On the downside, there are strong support levels like $0.15 and $0.145.
🌟 Unlock Crypto Insights with AltcoinDaily.co! 💰
Also, a higher volume has been observed in DOGE’s price volume action. Dogecoin (DOGE) reports have reported 7.72 billion in large transaction volume, an indicator that denotes whale activity. This activity by whales can help Dogecoin (DOGE) form a constructive price action.
Sui Blockchain (SUI) Finds Support At 50-Period Moving Average
Sui Blockchain (SUI) has led this bull market, giving triple-digit returns from the monthly swing bottom. Last month, SUI peaked at $2.36 and then retraced around 29% to the $1.8 support level. With this support level, 50 DMA has been a strong support for Sui Blockchain (SUI), rising 21%; however, there is still weakness in the price.
Zooming out in the chart on a higher timeframe, Sui Blockchain (SUI) has formed a rounding bottom formation with a breakout line at $2.4. After the breakout from this level, we can witness another move in Sui Blockchain (SUI).
🦂 AltcoinDaily.co is your trusted source for the latest in crypto news and insights. 🚀
DTX Exchange (DTX) Phoenix Wallet Goes Live
DTX Exchange, the first hybrid exchange, has continued the development with its proprietary wallet launch. Phoenix wallet is the first hybrid wallet that will allow users to store multi-assets like stocks, forex, cryptos, etc. With this wallet, users can borrow cryptocurrency at very low interest rates. Phoenix Wallet is also recognized for its high security, which will save users from hacks and identity thefts.
Last month, the DTX team launched the L-1 blockchain, VulcanX, which is responsible for the hybrid nature of DTX Exchange. VulcanX brings the features of centralized and decentralized exchanges into one platform. Now, trades can be executed with a 0.4ms order execution rate, which will save traders from slippage and provide higher efficiency.
DTX Exchange (DTX) has already tested all these developments in the recent successful testnet. DTX testnet achieved 10,000 transactions per second, the highest in the industry. Developers also checked the platform’s compatibility with the testnet, and some have praised it as the smoothest and most efficient blockchain.
Due to these continuous developments, the DTX presale has quickly crossed $6.6 million, quickly gaining the name of the best-emerging project of 2024. Currently, in stage 4 of the presale, the DTX token is priced at $0.08, providing investors with an opportunity to be part of the 100X journey.
Learn more:
