After two weeks of consolidation, we are finally seeing some traction in the cryptocurrency market. Despite some momentum in other coins, Toncoin (TON) and Near Protocol (NEAR) lag behind the market.
However, other coins hitting an all-time high is an indication of the start of the bull rally, and investors in Toncoin (TON) and Near Protocol (NEAR) need to diversify their portfolio into better opportunities like DTX Exchange (DTX).
Toncoin (TON) has been showing lagging price action in recent days. While Near Protocol (NEAR) is atleast trying to break above the consolidation, Toncoin (TON) has pulled back to the 20-period moving average. However, it is still inside the pennant triangle pattern, but one push-downward could take the price to a new low.
Toncoin (TON) is one of the coins the market correction has not severely impacted, but its recent price behavior shows that it has lost its strength. For Toncoin (TON) to regain its strength, it has to break out of the descending trendline and the major resistance level of $7.78. If we see a downtrend, $4.88 will be the final support.
Near Protocol (NEAR) formed a bottom of $3.074 on August 4; it has been trading in the $3.5-$4 range since then. Yesterday, it tried to break out of the upper range and is currently trading near the major resistance zone of $4.64. This is an important level because Near Protocol (NEAR) has taken support from the same level twice, which is a potential hurdle for the price now.
The positive thing about the Near Protocol (NEAR) price is that it is trading above the short-term moving averages; however, it is still below the 50-period moving average. The $5 level is also a crucial point in the Near Protocol (NEAR) chart, which can impact the strength of the price.
Several expert analysts have predicted that the bull rally will probably start at the end of August or September. The tricky part is to choose the small-cap crypto, which is at its initial stage and has a strong fundamental, and DTX Exchange is checking most of these boxes if not all.
DTX Exchange (DTX) is emerging as a strong player in the financial market with its innovative AI-driven hybrid marketplace. This platform allows traders to use over 120,000 digital assets across various markets, including forex, cryptocurrencies, equities, and stocks. With up to 1000x leverage and distributive liquidity pools, DTX enables traders to maximize profits and explore passive income opportunities.
DTX Exchange stands out for its focus on user ownership and security. It offers non-custodial wallets, multi-tier accounts, and KYC-free onboarding. Combining the best features of centralized (CEX) and decentralized (DEX) exchanges, DTX aims to provide a secure, accessible, and user-friendly experience, making it a significant contender in the financial industry.
Currently, DTX is priced at $0.04 during Stage 2 of its presale, reflecting a 100% ROI from the first stage. The price is expected to rise to $0.12 at the time of launch, offering a 300% return for current investors. Experts expects atleast 10X rise from here for DTX Exchnage.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.