DTX Exchange has been progressing at the speed of light. The emerging platform has become a focal point for seasonal as well as institutional investors. DTX’s presale stage 2 nears completion as it sells out more than 50%. The platform has raised $1,188,708 Million.
Meanwhile, Notcoin (NOT) and Fantom (FTM) struggle in the market. The two altcoins have slumped significantly building a strong selling pressure. Notcoin (NOT) drops by 55.8% to $0.013. Fantom (FTM) replicates the downtrend as its Awesome Oscillator (AO) still depicts a bearish scenario, indicating investor hesitance.
Thus, investors continue selling off Notcoin (NOT) and Fantom (FTM), simultaneously stocking DTX Exchange.
Notcoin (NOT) Downtrend Gathers Strength: NOT Shows Bearish Outlook
Notcoin (NOT) forms a bearish market structure after slipping below the range low. Notcoin’s (NOT) price slumps again with a considerable drop of 7% within a week. This is not good news for investors after the breakout past the trendline resistance on the 6th of July. The bearish pressure could erase the gains made earlier this month.
An earlier report noted that Notcoin (NOT) exhibits a bearish bias. The token has fallen below the short-term range lows and could be headed toward the local lows at $0.0099. Two weeks ago, Notcoin (NOT) was trading within a range of $0.0145 to $0.0175. However, the crypto has posted a 7% price drop in the past week.
Additionally, the range low and the 61.8% retracement level at $0.014 flipped to resistance. The RSI also denotes bearish momentum with a value below the neutral 50. Both the price and the Open Interest of Notcoin (NOT) have been trending downward since the 20th of July.
Notcoin’s (NOT) market performance has caused investors to panic. The decrease in market cap from over $2.5 billion to $1.35 billion, even after recent measures to grow its ecosystem shows that investors are rapidly selling their coins. The selling pressure may increase following the downtrends.
Fantom (FTM) Investors Hesitate Amid Bearish Outlook
Despite a positive signal from Fantom’s (FTM) price movement, bears have taken control of the altcoin’s market outlook. Though Fantom’s (FTM) price is currently above the 23.6% Fibonacci level, analysts suggest that the altcoin is geared up to experience major slumps as its Awesome Oscillator (AO) signals a negative trend.
At present, the $0.66 level acts as a resistance for Fantom (FTM). If FTM surpasses $0.66, it could reach up to $0.99. Fantom’s (FTM) price is above the critical 23.6% Fibonacci level, keeping market optimism alive. However, the Awesome Oscillator (AO) still depicts a bearish scenario, indicating investor hesitance. The AO can also provide clues for potential market movements, helping investors make informed decisions.
Following the domination of bearish forces, Fantom (FTM) prices could drop below $0.49, presenting a challenging outlook for investors. Thus, investors are readily selling off Fantom (FTM) coins and shifting towards more sustainable investment options, such as DTX Exchange.
DTX Exchange (DTX) Raises Around $2 Million On 58% Completion Of Presale Stage 2
DTX Exchange has emerged as a solution to the issues of leverage and speed for traders. The platform ensures traders can seize market opportunities instantly and stay ahead of the competition with lightning-fast execution speeds averaging 0.04 seconds. Rapid execution facilitates traders in the competitive crypto space.
DTX Exchange also supports quantitative and algorithmic trading, providing advanced tools and APIs for automated trading strategies. These features enable traders to capitalize on market inefficiencies with unmatched efficiency and accuracy, taking their trading game to new heights.
The platform has been demonstrating impressive growth in record-breaking time by raising over $2 million in a private seed round. As investors shift from Notcoin (NOT) and Fantom (FTM) to DTX Exchange, the platform has raised about $1,188,708 million in presale stage 2. The platform provides a promising potential for early investors, with the current token price at $0.04 and a projected increase to $0.06 in the next round.
Key Takeaways
As Notcoin (NOT) and Fantom (FTM) encounter selling pressure, DTX Exchange nears the completion of presale stage 2 with a raise of $1,188,708 million.
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