The market has again broken support, and the most affected are Near Protocol (NEAR) and Floki Inu (FLOKI). Meanwhile, DTX Exchange (DTX), launched last month, is rising exponentially. It has risen 200% from the initial price of $0.02 and is currently trading at the $0.06 level.
Last week, some of the Near Protocol (NEAR) and Floki Inu (FLOKI) whales entered the third phase of the DTX Exchange presale. We will discuss the recent price behavior in NEAR and FLOKI and developments around the DTX Exchange.
Near Protocol (NEAR) Break Downs The Ascending Trendline
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 current price of Near Protocol (NEAR) is $3.85 and has a market cap of $4.3 billion. Compared to others, the market cap is ranked in the 20th position.
For Near Protocol (NEAR), the $3 level will be crucial in the coming 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) Trading At Major Support Level Of $0.00011
Floki Inu (FLOKI) has failed in its recent bounce as selling pressure builds up in the market. After breaking down from the 10-day moving average, Floki Inu (FLOKI) has fallen around 20% and is now trading above the major support level. The major indication of the bearish trend is the break of the 50-day moving average, 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. The overall market’s direction will determine whether the Floki Inu (FLOKI) price will continue to gain momentum and whether it will hold its major support level.
DTX Exchange (DTX) Showing High Relative Strength
DTX Exchange is emerging as a strong contender in the altcoin space, challenging well-known giants like Near Protocol (NEAR) and Floki Inu (FLOKI). This leading DeFi platform quickly became 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.
DTX’s hybrid platform is making significant waves in the DeFi sector with its 1000x leverage and advanced automation strategies. Integrating quant and algo trading with real-time market analytics provides a powerful trading experience. The platform’s popularity has surged worldwide, 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.
With its cutting-edge technology and standout performance, DTX Exchange is set to transform traditional trading models. Its hybrid approach and robust AI technology address security and liquidity challenges. Due to its record-breaking presale performance, DTX Exchange has climbed to the top of the ICO rankings for 2024.
Learn more about the DTX Exchange
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.