While market conditions haven’t completely recovered from the bearish sentiment, these altcoins have already begun showing potential price reversals with increased buying pressure. Dogecoin (DOGE), AAVE, and Fantom (FTM) have joined the hot list, while DTX Exchange is leading the pack with a potential 2,000% rally and the $3 million presale milestone.
Dogecoin (DOGE) has been following in the footsteps of Bitcoin (BTC) for quite a while now. Drawing from previous cycles, analysts redirect to when Dogecoin (DOGE) entered the ‘point of no return,’ which was approximately 830 days after Bitcoin had fallen below. Now that Bitcoin (BTC) is back in the game, Dogecoin (DOGE) might head towards rapid price growth.
Considering the historical pattern for reference, Dogecoin (DOGE) could experience a major price surge in November this year, which could also extend into early 2025. However, October might pose some challenges for the Dogecoin (DOGE) network, while September may keep it in the neutral zone overall.
AAVE’s recent price performance has ignited a possibility for a potential rebound among the investor community. As of last week, AAVE tested a resistance level at $148. However, after failing to hold, AAVE is now trading between the $111 support and $146 resistance levels. AAVE’s price has surged by 3.01% in the last 24 hours, currently trading at $151.24.
Although the AAVE network’s failure to break above the $146 level is alarming for many traders, technical indicators like RSI indicate buying pressure is still building in the project. AAVE price could experience more potential upswings if the bulls regain control. Similarly, AAVE’s Aroon indicator is showing a strong upward movement, hinting at a possible bullish breakout.
According to a recent statement by Javon Marks, talking about Fantom (FTM) has disclosed that the altcoin project has gone by almost 50% in his last update. Currently trading at $0.64, the Fantom (FTM) network holds a $1.82 billion market cap with a 24-hour trading volume of $271.99 million, which has dipped by 32.17% in the last 24 hours.
Despite the decline in its trading volume, Fantom (FTM) could reverse its movement and surge by another 345% to once again trade at the $3 range. According to a report published by crypto analysts, Fantom (FTM)’s price chart is currently drawing a bullish pattern, which is more than likely to launch the Fantom (FTM) network into a potential breakout.
DTX Exchange (DTX) is on a hot streak, with its presale rally smashing all previous records. So far, this deFi star has raised over $2.69 million in a record-breaking time. With over 12 million DTX tokens sold, $2 million raised in a private seed round, and a highest of $100,000 raised in a single day – DTX Exchange currently leads the pack as the grand presale of 2024.
Built on the Ethereum blockchain, the DTX Exchange is the next-gen hybrid trading platform. It offers access to over 120k+ assets across crypto, stocks and bonds, forex, and commodities. Traders and investors signing up for DTX Exchange experience the pinnacle of robust trading with no hidden fees or tricks.
The DTX Exchange has gone viral after its strong security protocols, cutting-edge L1 blockchain, and lightning-fast execution speeds outshined some of the leading cryptocurrency projects within weeks. Investors and retail traders are increasingly joining this deFi sensation for its insane offerings and trading compatibilities.
With the growing popularity among investors, DTX is experiencing a high volume of sign-ups, with 13,000 new members within weeks. Join this fast-selling presale today and aim for higher returns with the minimum capital requirement in the largest presale of the year.
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