Despite millions pouring into the meme sector, a prominent trading bot has chosen DTX Exchange (DTX) over leading memecoins like Dogwifhat (WIF) and FLOKI, capturing the attention of investors. As the bearish pressures are accumulating for the memecoins, the confidence in DTX presale reflects the recognized potential for sky-high gains in the upcoming months.
Technical Indicators Signal a Potential Reversal for FLOKI Price
FLOKI stands out as one of the biggest memecoins on the Ethereum blockchain, poised to capitalize on the ETH ETF enthusiasm. FLOKI has secured 16.7% gains on the intraday chart, demonstrating strong performance and investor backing. Moreover, community excitement is high following the team’s upcoming marketing announcement on the X platform during an AMA on July 17th.
Despite a bullish uptrend, technical indicators are reversing for FLOKI after a decline in daily active and new addresses. Moreover, the declining CMF indicator suggests that the price rally is unsustainable above $0.00018 amid surging bears. A correction below the $0.0015 support level is possible if bulls fail to push the price above the strong support of $2 in this rally.
Caution Recommended Amidst Bull-Bear Battle for Dogwifhat (WIF)
The Solana-based memecoin Dogwifhat (WIF) shakes the market with an explosive 21% surge on the intraday chart, leading the memecoin rally. The dog-themed memecoin has emerged as the best performer in this rally as network activity is sky-high after breaking past the $2.1 threshold.
Investors should exercise caution when considering Dogwifhat (WIF) now as the memecoin is expected to continue a sideways momentum in the range of $2.0 – $2.2. With bulls struggling to strengthen positions and bears firmly holding the $2.2 resistance level, the price of Dogwifhat (WIF) will likely consolidate within this range over the coming days.
Top Pick in 2024; DTX Exchange Speeds Up With $1 Million Presale
DTX Exchange (DTX) makes waves in the deFi sector with its record-breaking presale momentum, set to surpass $1 million in batch 2. The hybrid tradFi platform streamlines trading schemas for diverse communities of traders, offering advanced automation and accessible trading strategies with a ground-breaking addition of 1000x leverage to its suite of cutting-edge features.
The platform is a top pick for investors in a competitive market due to its scalable and community-centric approach to transforming traditional trading models. DTX Exchange empowers traders to trade across different financial markets including forex, cryptos, equities, and stocks, powered by distributive liquidity pools and AI-backed automation.
DTX Exchange takes the initiative to solve inherent problems in legacy exchanges, providing an all-in-one trading solution. The platform is also the first layer 1 blockchain project at the ICO stage with VulcanX protocols for gas-free trading. The DTX token can jump to $1 from the current price of $0.04 once the presale concludes, promising 100x gains to early buyers.
Conclusion
Traders are hesitant to bet big on FLOKI and Dogwifhat (WIF) as the prices can witness a reversal amid bearish predictions. In contrast, DTX Exchange offers a lucrative opportunity for sustainable price gains compared to the bullish rally of the memecoins. As the demand soars, the emerging tradFi platform will outperform traditional memecoins for sky-high returns in Q4 of 2024, emerging as a must-add-on for early stakeholders.
Learn more:
