Following chaos in the broader crypto market and bearish turnover for Bitcoin price, Dogecoin (DOGE) and THORChain (RUNE) display notable price declines. Global investors hesitate to trade big in risky assets and have taken out significant capital from several low-performing cryptos for other sustainable investment avenues.
Under the limelight is the AI-powered DTX Exchange (DTX) which has sold its presale stage 2 by 60% in no time and leads the ICO sector as the best crypto presale of 2024. Let’s explore the price performance of Dogecoin (DOGE) and THORChain (RUNE) and the bullish prospects of DTX Exchange for August.
Dogecoin (DOGE) Faces Challenges with Death Cross Formation
Dogecoin (DOGE) has disappointed investors with a notable price downtrend for over a week. The memecoin displays a 15.7% drop on the weekly chart with a significant decline in investors’ holdings. The price trend for Dogecoin (DOGE) is primarily attributed to the damping interest of whales and traders in the memecoins.
Moreover, technical analysis suggests an alarming situation for Dogecoin (DOGE) amid the formation of death crossover between 200 and 100-day moving averages. With a lower RSI value, there is no signal for a bullish turnover driven by accumulations and Dogecoin (DOGE) might retest the $0.107 support zone in the upcoming days.
THORChain (RUNE) Drops 21.5% Amid Soaring Bearish Pressures
THORChain (RUNE) kicked off August on a bearish note with a 4.3% decline on the daily chart and a notable 21.5% price drop on the weekly chart. THORChain (RUNE) bulls pushed hard to defend the $4 psychological support but rising bearish sentiments and FUD have led the price of the RUNE token below critical levels.
Amid surging speculations after a brief price pulldown, THORChain (RUNE) has entered a brief correction phase with an RSI value of 36 and moving averages indicating a strong selling signal. Dropping below the $3.8 support, the THORChain (RUNE) price continues to hold above $3.7 but rising bears can make it retest the $3.5 support in the upcoming days.
DTX Exchange (DTX) Leads the Way With Spot-on Trading Features
DTX Exchange (DTX) is revolutionizing the tradFi sector by offering all-in-one trading solutions that transform conventional trading approaches. The platform features over 120k+ digital assets from diverse financial markets, including forex, cryptocurrencies, stocks, and CFDs, all with no gas fees and lightning-fast execution speeds.
Global traders can leverage up to 1000x to maximize their profits by using the cutting-edge DTX Exchange. Security is a top priority for the layer-1 backed DTX Exchange, making it a highly safe and secure marketplace with decentralized features like no-KYC requirements and non-custodial wallets.
DTX Exchange also offers AI-supported automated trading strategies with quant and algo trading approaches, providing users with a robust and seamless trading experience. By combining advanced technology with user-friendly features, DTX Exchange stands out as a revolutionary player in the DeFi space, empowering traders to navigate the volatile markets efficiently.
Halfway Through the Presale: Grab DTX Tokens Now for $0.04
With global traders shifting focus toward the revolutionary features of DTX Exchange (DTX), the project has grabbed a massive $1.2 million in batch 2 after a successful $2 million private seed round. The DTX platform is ready to dust away existing marketplaces with gas and security issues through its cutting-edge technology and community-defined trading schemas.
Available at $0.04, DTX tokens are poised to go sky-high after its anticipated Q4 exchange listing, surpassing the potential of Dogecoin (DOGE) and THORChain (RUNE) potentially reaching beyond $2. This prediction by leading analysts strengthens the ground for the DTX hybrid platform as it promises massive 1,200% returns to early stakeholders.
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