Outside Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Dogecoin’s 28.5% price surge sparks excitement, while DTX Exchange raises $7m in presale, positioning itself for a parabolic move as traders eye a bull rally.
Table of Contents
In the last seven days, the Dogecoin price has risen by 28.5%, with an over 100% volume increase on 5th and 6th November compared to the average volume. DOGE has faced resistance on the March high, which is the major resistance for now.
Meanwhile, DTX Exchange has achieved another feat by raising $7 million in the fourth phase of the presale. This target was to be completed by the end of the month, but due to high demand, DTX Exchange achieved it early. DOGE traders are buying DTX and Near Protocol before the bull rally starts at its full pace.
Dogecoin price forms inside day candle, price rally ahead?
After a 15% pullback from the recent high of $0.219, the Dogecoin price has formed two consecutive inside-day candles. This pullback came after a nearly 50% rally from the bounce off the 20-period moving average. Still, DOGE is trading below the 52-week high of $0.229, and this breakout in Dogecoin will be a multiyear breakout.
Since October, Dogecoin has traded thrice above the overbought RSI zone, clearly showing its strength. Also, the volume expansion in the last few days, which broke previous records, indicates bullish control of the DOGE price. The time high is still far away, but if bulls continue the rally, Dogecoin might reach there soon.
Near Protocol teams up with Modern Lion and Hyundai Card
Modern Lion and Hyundai Card have partnered with Near Protocol, a global Layer 1 blockchain platform, to bring web3 integration into concert culture. This partnership will help Modern Lion expand its NFT-based ticketing solution on Near Protocol, enhancing security and transparency in the ticketing process.
Illia Polosukhin, CEO of the NEAR Protocol Foundation, noted, “Korea is a hub for real-world blockchain adoption, and we’re excited for NEAR Protocol to work with Hyundai Card and Modern Lion to offer scalable infrastructure and user-friendly experiences.”
DTX Exchange ready for parabolic move after presale ends
While the Dogecoin price continuously grows, analysts are more bullish on the DTX Exchange. Analysts are inclined toward the DTX Exchange because it has shown great momentum in the correction period, too. From the first stage, the DTX token rose from $0.02 to $0.08, which rose 300% from the launch in a short period.
The security side of DTX Exchange has also attracted investors. Leading blockchain security firm SolidProof has audited the smart contract, verifying the token’s safety. Its advanced blockchain technology also ensures the user’s safety from hacks and thefts.
DTX Exchange is changing decentralized finance, especially in the trading sector. The DTX platform provides multi-asset trading and 1,000x leverage, both being offered to users for the first time. Also, the high-tech trading arena includes various AI tools and risk management tools that help traders mitigate risks.
DTX Exchange provides a promising opportunity for investors aiming for strong returns in a tough market. With the presale price set at $0.08 and the listing price at $0.2, current investors can expect substantial gains.
For more information, visit the DTX Exchange presale website and join the online community.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
This article first appeared at crypto.news
