Ali Charts, a leading crypto expert, has identified a recurring pattern that has pushed Dogecoin (DOGE) to new highs in previous cycles. The analyst noted that DOGE has cleared the first two milestones and could skyrocket any time from now. Meanwhile, investors have scooped up huge amounts of a DeFi token called DTX Exchange (DTX) after recording gains of 500%.
Although DTX coin has outperformed the rest of the market, especially during this decline, analysts believe that it will remain the star of the upcoming season. They considered it as one of the best coins to invest in for 10x profits in the coming year. At the same time, Ripple (XRP) forms a bullish flag pattern.
Dogecoin (DOGE) Spots Historical Trend That Could Lead to Spark Surge
A leading analyst, Ali Charts, has noticed a recurring trend in the price action of Dogecoin (DOGE). In 2017 and 2021, the Dogecoin token experienced a parabolic rise and then a decline of approximately 40% and 56% respectively. Interestingly, these retracements were then followed by gigantic rallies of 5,000% and 12,000%.
In 2024, the price of the Dogecoin crypto increased by 440%, then fell by 46%. Based on this historical behavior, Ali Charts predicts that another parabolic run for DOGE could be in sight. Currently, Dogecoin price is trading between $0.275 and $0.35 for the past few days.
The value of memecoin fell by 23.9% on the weekly period and by 27.5% on the monthly level. The Relative Strength Index also fell due to the downtrend. It has fallen below the midline and is close to the oversold zone. However, analysts believe that a reversal of the trend could occur before the end of the year.
Ripple (XRP) Forms Bull Flag as Total Supply Declines
Steph is Crypto, one of the most popular analysts, notes that the number of Ripple (XRP) in circulation is gradually decreasing, while the demand for the cryptocurrency is increasing. This dynamic, as Steph pointed out, suggests that a strong Ripple XRP price swing is imminent.
He released a chart showing total supply falling below 99.9869 billion. In another tweet, a leading analyst called Good Morning Crypto noted that Ripple coin was building a bullish flag. A bull flag is an upward trend that could lead to a price surge. If this pattern comes true, the price of Ripple could rise back to $4.
Meanwhile, the altcoin’s value has consolidated between $2.10 and $2.40 in recent days. Data from CoinMarketCap shows that it plunged 11.1% on the weekly chart and 9.2% on the bi-weekly level. However, buyers have kept the Relative Strength Index above the midline, which is a bullish sign.
Prepare for Takeoff: DTX Exchange (DTX) Could Surge 10x
DTX Exchange (DTX) has stunned the crypto market, surging 500% to $0.12 while other cryptos are fighting the bears. Analysts predict that its price could increase 10-fold in the coming months. One of the unique selling points of the project is its high leverage of 1000:1, meaning traders can increase their stakes with as little capital as possible. This revolutionary feature creates opportunities to generate huge profits with little capital.
Additionally, DTX Exchange does not ask users for personal information. It also offers access to over 120,000 tradable asset classes such as cryptocurrencies, stocks, indices, forex and others. To increase the level of user control, DTX Exchange introduces the innovative Phoenix Wallet, a non-custodial mobile application that can be downloaded from the Apple Store and Google Play Store.
The synergy of such a technology platform, consumer focus and emphasis on decentralization make DTX Exchange a very unique and attractive investment proposition. This is an opportunity for smart investors to participate in the next crypto revolution.
Which is the best crypto to buy: Dogecoin, XRP or DTX?
Dogecoin (DOGE) could see a massive rally in the coming weeks based on the historical pattern. Additionally, Ripple (XRP) is forming a bullish flag that could push it to a new high. At the same time, DTX Exchange is gaining ground as the most likely to grow 10x. The ongoing presale is the best opportunity to join the project before it skyrockets.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Buy in presale
Visit the DTX website
Join the DTX community
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