While Dogecoin and Floki present strong signals amid the heightened social engagement from Tesla CEO Elon Musk, DTX Exchange (DTX) has also stolen the spotlight with its mind-blowing trading options. Combined with its premium features like 1,000x leverage, distributed liquidity pools, non-custodial wallets, and KYC-free trading, DTX made headlines shortly after entering the market.
Dogecoin Technical Analysis Points to Potential All-Time Highs
Market analysts have observed significant whale accumulation in the Dogecoin network, with addresses holding between 10 million and 100 million DOGE increasing their positions significantly. Between November 17 and 18 alone, these large investors accumulated approximately 140 million DOGE (worth about $56 million).
According to data from Santiment, a recent decline in wallet activity, rather than being bearish, may actually signal a positive trend. The platform suggests this decrease in active wallets often indicates “FUD and capitulation from novice traders,” typically a bullish indicator as liquidated positions are absorbed by larger, long-term holders.
Source: TradingView
More ambitious price predictions have emerged from analysis of the Gaussian channel, a technical indicator used to identify price distribution patterns. Market analyst Tardigrade notes that DOGE has gained support from the mid-band line of the Gaussian channel for the third time in history, potentially setting up another parabolic move.
FLOKI Forecasted To Hit 100% And Break Previous Records
FLOKI’s weekly chart showed that the memecoin had entered a consolidation phase, where its price could trend upward but move within defined boundaries over an extended period before continuing its upward trend. If FLOKI breaks out of this phase, it could see a rally mirroring the initial upward movement, potentially gaining 105.94% and reaching $0.00058.
That said, the breakout may not happen immediately. There’s a chance FLOKI could first test a support level at $0.00020 before making a move toward a new all-time high. According to IntoTheBlock, FLOKI has seen a surge in adoption, with the total number of holders reaching an all-time high.
Source: TradingView
As of today, approximately 80,200 addresses held the asset, signaling strong and growing interest. Moreover, 88% of these holders were ‘in the money’ at the time of writing, while only 3% were ‘out of the money’, and 9% were ‘at the money’ (breaking even). These figures highlighted FLOKI’s overall bullish momentum.
DTX Exchange Becomes Red-Hot Crypto After 4th Presale Success
DTX Exchange’s surging demand among investors has ranked it among one of the most purchased cryptos under $1 mark. As a one-of-a-kind hybrid platform, DTX Exchange is a flexible crypto trading platform that enables users to trade cryptos, forex, equities, and CFDs. The platform features premium trading tools and cutting-edge infrastructure to provide 25x opportunities.
This next-generation hybrid exchange enables traders to access, unlike traditional crypto exchanges. It does so through its mind-blowing 1,000x leverage feature. Whether it’s stocks, FX, or crypto, DTX Exchange’s high capital expansion allows traders to make generational returns on single trades.
Investors Sell Out Memecoin Assets To Buy DTX At $0.10
As DTX Exchange’s demand among retail traders catches fire, analysts have observed investors flock from other networks to this state-of-the-art hybrid exchange to secure massive profits and enticing benefits under the $1 mark. The majority of investors that have migrated from other networks come from memecoin networks like FLOKI, DOGE, and the like.
As Dogecoin and Floki signal potential rallies in the near term, DTX Exchange (DTX) strengthens to skyrocket at $0.10, with 40% of its circulating supply already sold in record-breaking time. If you’re looking to invest in a hybrid exchange that could go sky-high in the coming weeks, join DTX Exchange (DTX) as an early investor today!
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