Once again, the cryptocurrency market feels like silence before the storm. All the major coins are consolidating after the sharp recovery. After an over 100% move, SUI has pulled back and has been moving in a range for the last four days. Avalanche (AVAX) has not shown any signs of bullish momentum; still, the price is trading in a range.
The bearish price of major coins like Avalanche (AVAX) has pushed investors to newer opportunities like DTX Exchange. With increasing holders, DTX continuously expands its user base, gaining over 500+ users daily.
SUI Trading At The 0.5 Fibonacci Level
In the first half of August, SUI performed a stellar rally, breaking out of the 117-day parallel channel with strong volume. However, after the move, the SUI price corrected half of the move and is currently resting at 0.5. An immediate bounce from the current level is very important for SUI as the breakdown from here will be difficult for the price to sustain.
The plus point for SUI is that it is still above the 50-period moving average, indicating mid-term bullishness in the price. However, the 10-period moving average is above the price, and the $0.80 break will lead the SUI price below both the 20 and 50-period moving averages. $0.75 will be a strong support zone for SUI, while $0.90 is a strong resistance level.
The $23.50 A Major Resistance Level For Avalanche (AVAX)
Avalanche (AVAX) is facing a strong bearish move as the price has not recovered by one-third after the down move. The current level of $20.5 is a strong demand zone for Avalanche (AVAX), making the price sustained above $20. Also, The short-term moving average – 10 and 20-period continuously resists the Avalanche (AVAX) price.
Avalanche (AVAX) is trading inside the falling wedge pattern, but there is a wide gap between the upper and lower trendlines, making the price move slowly. A breakout from the pattern can help the Avalanche (AVAX) price reverse the bearish direction to bullish.
DTX Exchange Safe Haven For Investors And Traders
The recent market correction has been brutal for crypto holders, but some coins like DTX Exchange have been able to stand the correction without losing any momentum in their upside journey. DTX Exchange was the most bought cryptocurrency in 2024 after its launch.
Not only investors but also traders are finding the DTX Exchange to be the best platform to trade. DTX Exchange is built to be a comprehensive platform that caters to seasoned traders and those new to the crypto market. With its user-friendly interface and straightforward trading experience, DTX Exchange makes trading easy and efficient for everyone.
DTX Exchange (DTX) is quickly establishing itself as a major player in the exchange coin market. DTX combines centralized (CEX) and decentralized (DEX) exchange features, offering users unmatched flexibility and deep liquidity. This hybrid model allows traders to access over 120,000 asset classes, including commodities, forex, and cryptocurrencies, all on one platform with leverage of up to 1000x.
Currently, DTX is priced at just $0.04 in its Stage 2 presale. Early buyers have already seen a 100% return on investment (ROI). As Stage 3 approaches, the price will increase to $0.06, offering new investors a quick 50% ROI.
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