SUI and AVAX Consolidate After Sharp Recovery, DTX Exchange Becomes Safe Haven For Investors

Once again, the cryptocurrency market feels like silence before the storm. All the major coins are consolidating after the sharp recovery.

Major cryptocurrency SUI and Avalanche (AVAX) have shown bearish price movements, leading investors to seek out alternative investment opportunities. One such platform that has attracted attention is DTX Exchange.

Despite the market correction, some coins, such as DTX Exchange, have maintained their bullish momentum. Launched in 2024, DTX Exchange quickly became the most widely acquired cryptocurrency.

SUI coin price performed a remarkable rally in the first half of August, breaking out of the 117-day parallel channel with high volume. However, following this move, the SUI price retraced half of the move and is currently resting at 0.5 Fibonacci level.

An immediate bounce from the current level is crucial for SUI coin price as a breakdown from here will be difficult for the price to sustain.

On the plus side, the SUI coin price is still trading above the 50-period moving average, indicating mid-term bullishness in the price. However, the 10-period moving average is above the price, and a break below $0.80 will put the SUI coin price below both the 20 and 50-period moving averages.

$0.75 will be a strong support zone for SUI coin price, while $0.90 is a strong resistance level.

Avalanche (AVAX) coin price is facing a major bearish move as the price has not recovered by one-third after the down move. The current level of $20.5 is a strong demand zone for Avalanche (AVAX) coin price, which is making the price sustain above the crucial round number of $20.

Also, the short-term moving averages – 10 and 20-period are continuously resisting the Avalanche (AVAX) coin price.Avalanche (AVAX) coin price is trading inside the falling wedge pattern, but there is a wide gap between the upper and lower trendlines, which is making the price move slowly.

A breakout from the pattern will be quick and can help the Avalanche (AVAX) coin price reverse the bearish direction to bullish.

DTX Exchange Proves to be a Safe Haven for Investors and Traders

The recent market correction has been brutal for crypto holders, but some coins like DTX Exchange have been able to stand the correction without losing any momentum in their upside journey.

DTX Exchange was the most bought cryptocurrency in 2024 after its launch. Not only investors but also traders are finding the DTX Exchange to be the best platform to trade.

DTX Exchange is built to be a comprehensive platform that caters to seasoned traders and those new to the crypto market. With its user-friendly interface and straightforward trading experience, DTX Exchange makes trading easy and efficient for everyone.

DTX Exchange (DTX) is quickly establishing itself as a major player in the exchange coin market. DTX combines centralized (CEX) and decentralized (DEX) exchange features, offering users unmatched flexibility and deep liquidity.

This hybrid model allows traders to access over 120,000 asset classes, including commodities, forex, and cryptocurrencies, all on one platform with leverage of up to 1000x.

Currently, DTX is priced at just $0.04 in its Stage 2 presale. Early buyers have already seen a 100% return on investment (ROI). As Stage 3 approaches, the price will increase to $0.06, offering new investors a quick 50% ROI.

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