Now we have the first coin to hit a 52-week high in the crypto space: Tron (TRX). Today, Tron (TRX) has surged after the correction and has been making headlines in the cryptocurrency market. Over the past seven days, while other coins have been struggling, Tron (TRX) has managed to gain 15%. It has pushed Cardano (ADA) to the 11th spot in terms of market cap.
DTX Exchange (DTX) is emulating the leader by continually climbing the gainers list. In this guide, we will discuss the notable developments surrounding these cryptos.
6-Month Base Breakout with Strong Momentum at Tron (TRX)
With today’s 7% gain, Tron (TRX) has finally broken out of the 174-day consolidation. This base is about 26% deep, and the breakout occurred on the third breakout. Based on Tron (TRX) volume analysis, one thing is clear: institutional investors and whales are participating in this breakout.
Tron (TRX) is just 18% below its all-time high. $0.16 and $0.18 are two major hurdles for Tron (TRX) to reach uncharted territory. According to the Fibonacci Extension tool, the 1.618 FIB level coincides near the $0.18 level, making it a potential target for Tron (TRX) in the short term.
Cardano (ADA) above 20-day moving average, reversal ahead?
Cardano (ADA) has formed a similar chart pattern as ETH; Cardano (ADA)’s continued movement continues with a resistance level of $0.35. Cardano (ADA) price is still trading below the 50-day moving average, and the momentum will be negative below the indicator.
For Cardano (ADA) price to consider further movement, it needs to break above all key short-term moving averages. Traders looking to go long on Cardano (ADA) are waiting for it to break above the $0.45 channel trendline.
DTX Exchange is revolutionizing the way we trade
Technological advancements have changed the entire trading and investing industry. Before the 2000s, there were far fewer technical traders, but today, over 50% of traders are technical traders. Timing and precision are key to new-age trading, and DTX Exchange (DTX) is the best option for both.
DTX Exchange is a pioneer in online trading. By combining centralized (CEX) and decentralized (DEX) exchanges into one system, DTX offers users access to over 120,000 assets including stocks, currencies, gold, and cryptocurrencies. Both beginners and experienced traders can benefit from leverage rates of up to 1,000x.
With Layer 1 blockchain technology, DTX ensures secure exchanges and ultra-fast transactions in just 0.04 seconds. The platform also offers non-custodial wallets, allowing users to have full control over their private keys and digital assets, reducing the risk of security threats.
Investors are excited about the potential of DTX Exchange. Investment interest has increased and the price of the next round of pre-sales is expected to increase from $0.04 to $0.06. This increase reflects the growing optimism and demand for platforms that offer greater user control and smoother trading experiences.
Learn more:
Buy in presale
Visit the DTX website
Join the DTX community
