Memecoin sectors have performed weakly recently from the downside pullback. However, memecoins saw momentum last week, with Shiba Inu (SHIB) gaining around 12% from the recent swing low. PEPE increased 20% from the same low after bouncing off the $0.00000716 support level.
Meanwhile, DTX Exchange (DTX) has crossed the $2.8 million mark just under a week after its third-stage launch. According to expert investors, DTX Exchange is set to lead the rally in the coming bull run with hybrid technology and attractive benefits for traders.
In this article, we will discuss whether this bounce in memecoin space is just a dead cat bounce or a reversal, and we will also discuss the prospects of DTX Exchange.
Shiba Inu (SHIB) Consolidating In Range Will It Breakout?
Shiba Inu (SHIB) has again seen good demand from the $0.000013 level. Shiba Inu (SHIB) is trading at $0.0000148 with an 11.85% price increase in the last seven days.
After the rally, a bull flag consolidation pattern was formed with an upper range of $0.000015. A breakout from this range will decide the direction of the SHIB price.
The moving average of MACD has crossed the baseline upside, which is a positive indication for Shiba Inu (SHIB). If the price breaks above the current consolidation, the next resistance level will be $0.000016.
PEPE Bounces Taking Support From 50DMA
After forming the recent swing low on 18th September, PEPE is finally trading above the 50-day moving average after taking support from it. PEPE has formed a double-bottom pattern, which is a bullish reversal pattern. The $0.0000098 level is the neckline of the double-bottom pattern breakout, which completes the pattern.
PEPE’s RSI is at 58, showing bullish action in the coin. However, it is not near the oversold region, meaning there is still room for the upside quickly. The $0.0000078 and $0.0000065 are the two downside support levels in case of a further fall in PEPE price.
Expert Predicts Exponential Rally In DTX Exchange (DTX)
The hype for memecoins is getting over, and investors are shifting to utility coins. One example is the huge DTX Exchange (DTX) presale inflow. The emerging DeFi platform DTX Exchange (DTX) is setting new records with its fast-selling presale. This hybrid platform quickly gains attention in cryptocurrency due to its advanced L1 blockchain technology and improved exchange interface.
As it moves closer to widespread adoption, DTX is positioned to lead the global trading market, valued at $16 billion in 2024. It combines the strengths of centralized and decentralized exchanges, addressing issues like accessibility, privacy, and security. By bridging the gap between DeFi and TradFi, DTX allows users to trade a variety of asset classes.
The DTX has a unique trading feature that allows up to 1,000X more buying without needing KYC verification. This allows retail and institutional clients to leverage highly impactful trading opportunities.
The current price of the DTX token -$0.06 is considered highly undervalued compared to its fundamentals and trader-focused community. In the second phase, the price will be increased to $0.08, allowing a situation suitable for investing in the DTX token.
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