Uniswap (UNI) and Dogwifhat (WIF) investors are a little relieved as these coins have been able to hold their levels and have also shown some recovery in the last three days. Uniswap (UNI), from its recent low, has recovered around 15%, while Dogwifhat (WIF) has given a similar moment in the period. According to analysts, recovery in these cryptocurrencies can signal a reversal.
Meanwhile, DTX Exchange (DTX) has achieved another milestone by raising more than $2.5 million in a month. The demand surged exponentially after the platform launched its testnet version, showing its intent to list soon on the exchanges.
Uniswap (UNI) Price Rise With Increasing Volume, Good Signal For Holders?
Since last month, Uniswap (UNI) has made two bottoms, forming a double bottom reversal pattern. Following through with the pattern until now has been good; however, the 50-period moving average constantly acts as resistance to Uniswap (UNI) ‘s price. Yesterday’s rejection from the 50-SMA is the second rejection in a month.
If the Uniswap (UNI) price breaks the downside after rejection, the two support levels to watch out for are $5.8 and $5.5. Previously, the $7 level has been a hurdle for Uniswap (UNI), and going forward for a rally price has to break it with good participation.
Dogwifhat (WIF) Forming Volatility Contraction In Falling Wedge
Dogwifhat (WIF) has been trading in lower low formation since April this year and is moving in a falling wedge. It’s been more than four months of consolidation, and now Dogwifhat (WIF) is forming a volatility contraction pattern under the wedge. On 2nd Sep., it bounced from the lower trendline and trading just above the 10 and 20 period moving average.
If Dogwifhat (WIF) breaks out from the wedge pattern and the rally starts, we can see the same momentum it gave in February. However, if it fails to hold the support levels, another lower low formation can be seen in the price.
DTX Exchange Ready For A New Rally
DTX Exchange (DTX) is quickly becoming a favorite in the investment world thanks to its hybrid approach to trading and impressive growth potential. This new player is poised to transform the $10 billion global trading market by bridging the gap between centralized (CEX) and decentralized exchanges (DEX) and between crypto and traditional finance (TradFi).
One of the key strengths of DTX Exchange is its strong security, which is built on blockchain layer one technology. This ensures secure trades, reliable transactions, and fast processing. The platform also offers non-custodial wallets, allowing users to control their private keys and digital assets fully, minimizing security risks. The DTX token priced at $0.06 will rise significantly after the presale, potentially delivering a 2,600% return for investors in 2024.
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