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As ethereum and Cardano correct, whales shift their focus to DTX Exchange following the launch of its testnet, cementing its status as the standout project of 2024.
The new transaction report showed that ethereum and Cardano whales who were low-staking new projects have gone all-in on the DTX Exchange after the launch of its DTX Test NetworkThis launch by DTX is a big step.
Once again, a correction has begun in the cryptocurrency market, with market leaders ethereum and Cardano correcting over the past three days. This makes the current situation the perfect opportunity to try your luck on new projects like DTX.
Lower wedge trend line supporting ethereum price
ethereum has been trading in the opening wedge pattern since early March this year and has received support from the lower trendline at several points. Once again, ethereum/” rel=”nofollow” target=”_blank”>ethereum is trading near the same support zone after bouncing off it. This support on eth is crucial because the next support zone after this one lies at the $2,344 level.
The MACD EMAs are still below the zero line on eth, which indicates the bearish strength of the price. The direction of the market will also affect the price of ethereum and its future direction.
Cardano close to forming a bearish crossover
The price action after the ADA correction has been weak. ADA’s RSI has dropped to around 51, and the moving average convergence divergence is proceeding to form a bearish crossover, with the long-term moving average crossing above the short-term moving average. This is a sign of caution for Cardano traders, as further declines may be on the way.
Moreover, after the drop, Cardano price is trading below the 50-day moving average, a major indicator of price weakness. If Cardano falls below the August 5 low, another downtrend may begin and a new low may form in Cardano.
DTX Exchange offers a great opportunity
Following the launch of the DTX testnet on DTX Exchange, seasoned cryptocurrency experts claim that it could be the most successful project of the year 2025. Furthermore, they predict that DTX Exchange could provide a 72x profit margin.
DTX Exchange offers a new kind of trading experience through 1000x leverage without a KYC process. By using non-custodial wallets and distributed liquidity pools, users can safely store valuable assets.
Moreover, the decentralized nature of the blockchain ensures that users have full control over their assets, thus aligning with the security and ownership of the blockchain. DTX Exchange is even more trustworthy than ethereum and Cardano, which are still in the recovery stage, especially with the upcoming VulcanX upgrade. The upgrade will help improve the adoption rate of the blockchain, improve security, and reduce transaction fees, so little human intervention will be required.
The hybrid platform TradFi is a one-stop destination for all users, offering advanced automation and easily accessible trading strategies. DTX Exchange has already secured $1.6 million in seed investment in the pre-sale, aided by its scalable infrastructure and superior roadmap.
For more information, please visit the pre-sale website, DTX official website and Join the DTX community.
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