The recent plunging sentiment in the market had alerted the majority of crypto investors about the potential crash, but there was only so much traders could do about their investments in a short time span. While Dogecoin (DOGE) and Avalanche (AVAX) faced volatility amid the market turmoil, DTX Exchange (DTX) maintained its bullish presale rally despite the downturn.
Dogecoin (DOGE) Falls Behind As The Market Turns Bearish
Following a bullish price action in October, the Dogecoin (DOGE) network entered a minor correction phase after an analyst noticed an alarming 9.5% decline in the network. Dogecoin (DOGE) is experiencing this bearish sentiment after recording a massive 27.6% surge in the month of October. As of today, Dogecoin (DOGE) is trading at $0.13 with a minor 0.29% surge in the last 24 hours.
Analysts think Dogecoin (DOGE) could make a comeback in the upcoming months as DOGE is still attracting whales with its recent breakout. Dogecoin (DOGE) currently holds a $20.2 billion market cap with a 24-hour trading volume of $1.28 billion, which has dropped by 10.58% (approximately $134 million) since the trading activity in the network has slowed down.
In terms of its performance analysis, the technical indicators for the Dogecoin (DOGE) network are signaling a price recovery in the near term. Its Relative Strength Index (RSI) is now retreating from the overbought zone, suggesting that Dogecoin (DOGE) could retest the $0.154 resistance level in the next few weeks.
Avalanche (AVAX) Technical Analysis & Future Outlook
Based on a recent analysis report conducted by expert crypto analysts, Avalanche (AVAX) is expected to witness an explosive breakout towards the end of 2024. Analysts have predicted Avalanche (AVAX) to hit a maximum of $46.55, or if the technical indicators do not perform as expected, it could go to the lowest of $24.95.
According to the on-chain data, Avalanche (AVAX) will maintain $35.75 as its average price range during this year and aim for new highs in 2025. While its minimum price is at $22.94, the maximum potential could kick it off to $46.55, with the average trading price throughout the year hovering over or below $35.75.
As of today, Avalanche (AVAX) is trading at $26.55, and its price action is currently in the red mark. Avalanche (AVAX) holds a $10.79 billion market cap, with a 24-hour trading volume of $190.1 million, which has dropped by 34.98% (approximately $66 million). The technical chart on the weekly time frame shows that Avalanche (AVAX) price is developing a bullish reversal pattern, known as ‘the rounding bottom.’
This $0.08 AI-Crypto Could Potentially Outshine Solana (SOL)
As one of the most bullish and high-performing AI cryptos, DTX Exchange (DTX) has finally shown the performance metrics that have convinced crypto analysts to make a bold claim. DTX Exchange is now being regarded as the top contender that can beat Solana (SOL) with its million-dollar token sale milestone after securing nearly $6 million in a record-breaking time.
DTX Exchange has risen to prominence after its jaw-dropping presale rally went viral. Its presale has recorded a skyrocketing response from investors and retail traders. To date, DTX Exchange has bagged over $2 million in a private seeding round, $200K in a single-day raise, and sold over 15 million DTX tokens to 75,000 unique token holders in the community.
DTX Exchange Gains Investor Attention With $6M Presale Rally
DTX Exchange (DTX) is consistently pulling investors from different projects for its high-selling presale rush. Investors find this new entrant in the deFi sector a better option for investment because it offers up to 1,000X leverage, distributed liquidity pools, non-custodial wallets, and no KYC requirements, which delivers a hassle-free and convenient trading experience for traders.
As Dogecoin (DOGE) and Avalanche (AVAX) lose traction following the broader market shift, investors flock to this emerging deFi opportunity for its 25x potential and to secure lucrative positions and enticing benefits.
Learn more:
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.