We now have the first 52-week high breakout coin in the crypto space: Tron (TRX). Today, Tron (TRX) rose after the correction and made the headlines in the crypto market. In the last seven days, when other coins struggled, Tron (TRX) has managed to move 15%. It has pushed the Cardano (ADA) to the #11th place in market cap.
DTX Exchange (DTX) mimics the leader by continuously rising in the gainer list. In this guide, we will discuss the prominent developments surrounding these cryptos.
6-Month Base Breakout With Strong Momentum In Tron (TRX)
With todayâs 7% gain, Tron (TRX) is finally out of the 174-day consolidation. This base has a depth of around 26%, and the breakout happened on the third breakout. From the volume analysis of Tron (TRX), one thing is clear: institutional investors and whales participate in this breakout.Â
Tron (TRX) is just 18% below its all-time high. $0.16 and $0.18 are two major hurdles for Tron (TRX) to achieve uncharted territory. According to the Fibonacci extension tool, the 1.618 FIB level is coinciding near the $0.18 level, making it a potential target for Tron (TRX) in the short term.
Cardano (ADA) Above 20-Day MA, Reversal Ahead?
Cardano (ADA) has formed a similar chart pattern as ETH; the continuous range bound movement of Cardano (ADA) is going on with a resistance level of $0.35. Cardano (ADA)âs price is still trading below the 50-day moving average, and the momentum will be negative below the indicator.
For the Cardano (ADA) price to consider a new move, it has to trade above all the key short-term moving averages. Traders who want to take long positions in the Cardano (ADA) wait for it to break above the channel trendline of $0.45.Â
DTX Exchange Revolutionizing the Way Of Trading
Technological advancements have changed the whole trading and investing industry. Before the 2000s, there were significantly fewer technical traders, but nowadays, more than 50% of traders are technical traders. Timing and accuracy are critical for new-age trading, and DTX Exchange (DTX) is the best option for both.
DTX Exchange is a game-changer in online trading. By blending centralized (CEX) and decentralized exchanges (DEX) into one system, DTX offers users access to over 120,000 assets, including stocks, Forex, gold, and cryptocurrencies. Both new and experienced traders can benefit from leverage rates up to 1000x.
With blockchain layer one technology, DTX ensures secure trading and lightning-fast transactions in just 0.04 seconds. The platform also offers non-custodial wallets, allowing users to control their private keys and digital assets fully, reducing the risk of security threats.
Investors are excited about DTX Exchangeâs potential. Investment interest has surged, and the price for the next round of presales is set to rise from $0.04 to $0.06. This increase reflects growing optimism and demand for platforms that offer greater user control and smoother trading experiences.
Learn more:Buy PresaleVisit DTX WebsiteJoin The DTX Community
The post Can Cardano (ADA) Defend Its Top 10 Status? Tron (TRX) Ascents With Bullish Potential Alongside This Viral DeFi Crypto appeared first on CoinChapter.
