DTX Exchange (DTX) Is Rising Exponentially, While Near Protocol (NEAR) and Floki Inu (FLOKI) Whales Enter Presale

The Near Protocol (NEAR) price was rejected for the third time due to the descending trendline resistance it followed in May, and now, it has broken the important support of $4.

The market has once again shown a bearish trend, and the most affected cryptocurrencies are Near Protocol (NEAR) and Floki Inu (FLOKI). However, one cryptocurrency that is rising exponentially is the DTX Exchange (DTX). From the initial price of $0.02, it has risen 200% and is currently trading at the $0.06 level.

Some of the Near Protocol (NEAR) and Floki Inu (FLOKI) whales entered the third phase of the DTX Exchange presale last week. We will be discussing the recent price action in NEAR and FLOKI and the developments around the DTX Exchange.

Near Protocol (NEAR) Price Breaks Down From The Ascending Trendline

The Near Protocol (NEAR) price faced rejection for the third time at the descending trendline resistance, which it followed in May, and now it has broken the crucial support of $4. The current Near Protocol (NEAR) price is $3.85, and it has a market cap of $4.3 billion. The market cap ranks it in the 20th position, among others.

The $3 level will be crucial for Near Protocol (NEAR) in the upcoming times. Also, Near Protocol (NEAR) has broken all the major support from the moving averages, including 50 days and 200 days, which indicates the short-term and long-term momentum in price.

Floki Inu (FLOKI) Price At Major Support Of $0.00011

The recent bounce in Floki Inu (FLOKI) price failed as selling pressure builds up in the market. After breaking down from the 10-day moving average, the Floki Inu (FLOKI) price dropped around 20% and is now trading above the major support level.

The break of the 50-day moving average is a major indication of the bearish trend, which can lead the price to lower levels. The Floki Inu (FLOKI) RSI is at 38, indicating a bearish grip on the price; the MACD is below the zero line, confirming a bearish bias in the price. Whether the Floki Inu (FLOKI) price will continue to gain momentum and hold its major support will depend on the overall market direction.

DTX Exchange (DTX) Shows High Relative Strength

In the altcoin space, DTX Exchange is emerging as a strong force, challenging well-established giants like Near Protocol (NEAR) and Floki Inu (FLOKI).

This premier DeFi platform has quickly become a favorite among traders, offering access to over 120,000 assets, including Crypto, Stocks & Bonds, Forex, and Commodities. Investors can now experience high-speed trading at its best.

With 1000x leverage and advanced automation strategies, DTX’s hybrid platform is making a statement in the DeFi sector. A powerful trading experience is achieved by combining quant and algo trading with real-time market analytics. The platform’s popularity has soared globally, driven by its gas-free trading, passive income opportunities, and blockchain layer-1-backed security.DTX recently closed its private presale round with $2 million and raised an additional $2.1 million in the third round of its public presale.

DTX Exchange is poised to revolutionize traditional trading models with its cutting-edge technology and standout performance. Its hybrid approach and robust AI technology work together to address challenges in security and liquidity. Due to its record-breaking presale performance, DTX Exchange has climbed to the top of the ICO rankings for 2024.

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