Shiba Inu has been Last week, the Shiba Inu price surged above the crucial resistance of $0.00003030. Despite this surge, SHIB is still trading 60% below its ATH. The strength in the Shiba Inu price is clearly visible; however, reaching the ATH can take some time. Due to the recent consolidation in memecoins, investors are shifting to high-strength altcoins like DTX Exchange.
Memecoins and Wall Street investors are now focusing on the first-ever hybrid exchange, DTX Exchange (DTX), which aims to disrupt the trading industry. The DTX token is currently trading at $0.12, and a target of $10 presents a massive opportunity.
Shiba Inu Price Struggles Near Local Resistance
The Shiba Inu price broke out of the weekly consolidation on 1st December; since then, it has been moving sideways. The $0.000033 level has been a major local resistance to the Shiba Inu price, facing continuous rejection. If SHIB breaks this local resistance, the 2024 high is the next potential target.
The moving average convergence divergence (MACD) technical indicator shows bullishness as the moving average lines are above the baseline. However, if the correction in Shiba Inu price continues, a bearish crossover can occur.
In the recent developments in SHIB, Shibariumscan, the scaling solution for Shiba Inu (SHIB), shows over 2 million wallet addresses registered on-chain. The Shiba Inu price growth has been fueled by over 3 billion SHIB tokens burned in the past week. SHIB continues to thrive as the second-largest memecoin, riding the hype sparked by Elon Musk’s ongoing promotion of the D.O.G.E narrative.
Massive Opportunity – DTX Exchange Launch Soon!
DTX Exchange (DTX) is emerging as the most capable player in the DeFi industry. With a unique trading infrastructure and a combination of blockchain and AI, DTX Exchange has attracted global traders to its presale. In the sixth stage of the presale, DTX Exchange has raised $9.95 million, with over 50% of tokens sold.
With the first-ever hybrid technique, DTX Exchange is poised to flip ranking in the exchange space, giving tough competition to established names like Binance and Robinhood. DTX’s hybrid model brings the features of both CEX and DEX, which helps increase traders’ growth and scale the platform at the global level.
The DTX trading platform allows traders to access over 120,000+ assets and features like 1,000x leverage, VulcanX blockchain, and KYC-free registration. For users’ security, the exchange provides a Phoenix wallet, which is named one of the most secure wallets with a cold storage feature.
The DTX ecosystem has a community-centric approach that lets community members generate passive incomes through different models. As Wall Street analysts projected, the current undervalued price of $0.12 is highly beneficial for investors because it can rise to $10. According to the projection, DTX Exchange provides a profit opportunity of 8,233% from the current levels. $100 invested could be worth $8,233 when DTX Exchange archives the target.
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