As predicted by experts, we will officially enter the crypto bull market with full-scale entry in November. Bitcoin is trading near all-time highs with one final push left until the new ATH. Memecoin leader DOGE also broke from a four-month high, with Dogecoin volume reaching record levels.
After a short-term correction, Shiba Inu has gained momentum, gaining 19% over the past four days. Most altcoins are also gaining momentum, so this period is a great time to add some good fundamental coins to your portfolio. We discuss the recent price movements of DOGE and SHIB, as well as potential names that are garnering a lot of attention.
DOGE aims for new highs on multi-week breakout
After nearly six months of market correction, DOGE reassured investors with a strong breakout on the weekly chart. Dogecoin’s volume is also trending after surpassing $4 billion during the day. Dogecoin volume has peaked after months of correction, and this breakout showed high participation by traders in Doge.
In the past 24 hours, Dogecoin’s volume reached $3.3 billion and its price increased by 5%. Based on the Fibonacci extension, DOGE faces a small hurdle at the 1 FIB level. The next resistance level is $0.20 and the immediate support level is $0.131.
Shiba Inu gains support in the Ichimokugumo channel, is the upward trend ahead?
Compared to major meme coins like DOGE, SHIB’s performance is poor and its movements over the past 30 days are negligible. Shiba Inu made a strong jump in September, but there has been no follow-through since then, and it has fallen back to the Ichimoku channel. SHIB rose 15% from the support level and reached the $0.000018 level.
If DOGE continues to rise, Shiba Inu will soon follow suit. However, traders should maintain a strict stop loss in case of adverse events. The key resistance for SHIB is the monthly breakout level at $0.000021.
DTX Exchange (DTX): Wealth Creator Altcoin for Bull Run
DTX Exchange is a new cryptocurrency that aims to simplify the complex trading structures built by traditional exchanges. Industry experts have tagged DTX as an industry disruptor after seeing its rapid growth in a few months.
DTX is the first hybrid exchange that combines the benefits of CEX and DEX into a single platform. Its main focus is to offer traders and investors a variety of assets such as traditional assets such as stocks, digital assets such as cryptocurrencies, and RWA. DTX makes this possible using its proprietary L1 blockchain, VulcanX.
DTX Exchange uses smart contracts to automate and secure transactions, ensuring all transactions are clear and transparent without the need for intermediaries. This setup gives traders complete control over their assets and eliminates the risks associated with centralized exchanges.
DTX Exchange’s pre-sale is also growing rapidly and has passed stage 4 as of this writing. Launched at $0.02, the DTX token is now priced at $0.08, delivering a 300% ROI for early investors. The DTX token pre-sale has raised over $6.21 million so far, and the next token pre-sale phase will increase DTX to $0.1.
learn more:
buy presale
Visit the DTX website
Join the DTX community
