Cryptocurrency

Why is Near Protocol (NEAR) Dumping When Cardano (ADA) and DTX Exchange (DTX) are Surging?

IndustryTrends

In the last 24 hours, Near Protocol (NEAR) has decreased by over 6%; in the previous seven days, it was down 11%. After the recovery rally, Near Protocol (NEAR) pulled back to the support level of $5.6, but it is not able to hold the level, and the price is sliding continuously.

Meanwhile, Cardano (ADA) has bounced off the $0.4 level. Currently, the Cardano (ADA) price looks slightly bearish but if able to hold the current level, we can see an upswing soon. While the Near Protocol (NEAR) and Cardano (ADA) are struggling with price action, the DTX Exchange has doubled in a month and is proceeding in its third stage of the presale.

Breakdown Of Bearish Wedge Pattern In Near Protocol (NEAR)

Near Protocol (NEAR) is showing bearish momentum, with negative price changes despite the bullish market sentiment. Over the past 24 hours, the Near Protocol (NEAR) price has increased by 6%, and over the past week, it has decreased by nearly 11%, highlighting the bearish strength in the Near Protocol (NEAR).

Despite the recent recovery, which pushed the price above the 50-day EMA, Near Protocol (NEAR) has again fallen back and is now trading below the short-term 20-day, 50-day, and 200-day EMAs.

Looking ahead to 2024, maybe Near Protocol (NEAR) shows some growth due to ongoing developments and a positive market outlook, but the price action is bearish, and traders should trade cautiously and effectively navigate market fluctuations.

Cardano (ADA) Trying To Change The Trend To Bullish

Cardano (ADA) Price has been consolidating for over 3 months and seems to be at the end of this phase. Bulls are likely to drive a significant price action soon in Cardano (ADA) as the Cardano hard fork is near. The Cardano (ADA) token is working hard to confirm a bullish reversal, which could lead to a big upswing.

Cardano (ADA) price has been moving along a descending trend line, acting as strong resistance since the last rejection. After reaching levels seen in November 2023, it quickly rebounded and took support at the same level again. The Cardano (ADA) price is also nearing the Supertrend levels, and if the indicator turns bullish, a new upward trend could start, potentially reaching above $0.45.

DTX Exchange Revolutionizing The Traditional Finance

DTX Exchange is set to revolutionize finance with its hybrid platform. It offers top-notch security and incredibly fast trade execution, completing transactions in just 0.04 seconds. Traders can access over 120,000 assets, including stocks, cryptocurrencies, equities, and forex, from global financial markets.

A key feature of DTX Exchange is its 1000x leverage, allowing traders to achieve significant gains and higher market positions. With advanced automation and cutting-edge analytical technology, traders worldwide can take advantage of market volatility to maximize profits.

DTX Exchange (DTX) has quickly become a standout in the industry, showing remarkable potential. The project raised an impressive $1.14 M in stage 2 of its public presale, indicating strong momentum and growth.

DTX tokens are priced at just $0.04, which analysts believe is highly undervalued. They expect the price to reach $1 by the end of 2024.

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