The bulls are on a rampage, pushing back the bears. Bitcoin (BTC) recorded yet another ATH after crossing $93,000, while key indicators hint at further Avalanche (AVAX) and Chainlink (LINK) upswings.
Also capturing market interest is DTX Exchange (DTX), an emerging altcoin at the intersection of TradFi and DeFi. Its bullish narrative and significant upside potential make it a top pick among whales. Is it a new DeFi project to watch out for?
DTX Exchange (DTX): Huge Growth Prospects and Solid Fundamentals
DTX Exchange (DTX) is on whales’ radars considering the plenty of room for growth and solid fundamentals. As a low-cap gem, its upside potential is staggering, edging out top crypto coins like Avalanche (AVAX) and Chainlink (LINK). There is more: investors don’t need to break the bank either.
In round five of the ICO, a token is massively underpriced at $0.1. This low entry and its growth prospects make it a whale favorite, pushing the presale above $7.7 million in raised funds. Tipped for a 95x rally after its debut, it is arguably the best new crypto to invest in.
Offering more than just gains, its future transformation of the $3.2 billion global trading market makes it a strong crypto contender. It will combine the best elements of centralized and decentralized exchanges and build a hybrid trading protocol—a one-stop platform. Users will be able to trade over 120,000 assets across TradFi and DeFi via a unified crypto wallet, with up to 1,000x leverage.
Avalanche (AVAX): Eyes on Further Gains
Avalanche (AVAX), a Layer-1 token, has been among this month’s standout players. Besides rising adoption as a platform for dApps and custom blockchain networks, recent price actions have been bullish. And the bulls target further gains.
The Avalanche price skyrocketed over 20% in the past seven days, retailing above $32. It is gearing up for a retest of the $41 mark, hoping to flip the resistance into support. Meanwhile, the 14-day RSI indicator, giving a neutral signal, hints at future upswings, the same as the AVAX price trading above the 10-EMA (31.04).
Moreover, analysts’ outlooks about its price are bullish. Comparing two charts with similar intensity, crypto analyst BridgeItJones sees a price target of $375 for Avalanche. Jonycsarker, another crypto analyst, predicts $1,700 as the cycle top for AVAX and stabilization around the $1,000 and $1,200 region.
Chainlink (LINK): How High Can It Go?
Chainlink (LINK), one of the top altcoins, swung high. Reflecting bullish trends, the Chainlink price recorded over a 15% gain in the past month. It soared 10% on the weekly chart, trading above $13 on CoinMarketCap.
Key indicators like the 14-day RSI (Relative Strength Index) and the AVAX price trading above the 10-SMA ($13.3) and 10-EMA ($13.2) are bullish signals. A breakout above $15 might play out in the coming days ahead of its next leg up, positioning it among the altcoins to watch.
According to crypto analyst Tanxcrypto, Chainlink (LINK) is primed to break out of range after retesting the 200EMA support of $12.5. They believe it is heading for $17 to $25 in the short term and $25 to $35 in the midterm. A long-term outlook was shared by crypto analyst Wes Brown, predicting a jump to $115 in 2025.
DTX Exchange (DTX): A New DeFi Project to Watch Ahead of Avalance (AVAX) and Chainlink (LINK)
It is no secret that new and emerging cryptocurrencies have more room for growth than popular altcoins like Avalanche (AVAX) and Chainlink (LINK). For this reason, DTX Exchange (DTX) is a compelling alternative to Avalanche (AVAX) and Chainlink (LINK). Its blend of CEX and DEX while also standing at the crossroads between TradFi and DeFi paints a bullish picture.
Learn more:
Buy Presale
Visit DTX Website
Join The DTX Community
The post 14-day RSI Indicator Suggest Further Avalanche (AVAX) and Chainlink (LINK) Upswings – This New DeFi Token Becomes Whale Top Pick appeared first on Blockonomi.
