The Bitcoin slump took the crypto space by surprise. Various altcoins slumped following Bitcoin’s downtrend. As the market starts recovering, an altcoin rally is expected by market analysts. DTX Exchange takes the lead of this altcoin rally outperforming Near Protocol (NEAR) and Render (RNDR).
The emerging platform garners global attention and creates a buzz in the media with its presale raise of $1.25 Million. Its innovative features have gained the confidence of traders. Near Protocol (NEAR) and Render (RNDR) fail to outshine DTX’s gains.
NEAR Protocol (NEAR) Shows Resilience: Bullish Takeover For NEAR
NEAR Protocol (NEAR) shows bullish momentum after the market crashdown, as the altcoin is trading between $3.51 and $5.24, showing signs of potential growth. Despite the recent market pullback, Near Protocol (NEAR) is exhibiting a 4.5% on the daily charts.
With Bitcoin and Ethereum prices dropping by 24% to 30%, NEAR presents a unique opportunity to find value in this dip. The Relative Strength Index (RSI) sits at almost 59, suggesting it’s not overbought, while strong support levels at $2.89 could limit further losses.
Analysts predict that if momentum picks up, breaking past resistance at $6.34 Near Protocol (NEAR) could lead to a run toward the next resistance level at slightly over $8, marking potential gains of over 55% from its current price. Investors may see this as a strategic entry point.
Render’s (RNDR) Growth Trajectory Looks Bleak
The market’s pessimistic outlook has also significantly impacted Render (RNDR). Render (RNDR) has fallen since last week, even though it recently reached a high of $11.85. It is currently forming a “falling wedge” pattern in the short term. The price of Render (RNDR) is anticipated to break out as it approaches the end of this pattern. This suggests that there is a potential for Render (RNDR) to rise.
However, many analysts have noted that even in the unlikely event that Render (RNDR) grows, it won’t do so by much. The amount of Render (RNDR) coins in use has only increased marginally, by 0.33%. This is unmistakably a warning indication that RNDR may face greater difficulties in the future.
Next-Gen DTX Exchange (DTX) Races on Top With $1.2M Presale
DTX Exchange (DTX) leads the trade sector by introducing cutting-edge features and advanced analytics to streamline and reform conventional trading processes. The platform pioneered the 1000x leverage feature in the trading sector, which can be a game-changer for traders with low capital funding.
As the platform leverages AI technology with advanced automation strategies, traders of all levels inject capital into the presale of DTX Exchange, helping it raise more than $1.25 million in round 2 after a successful private seed round of $2 million. The project advances to dust past existing exchanges with robust security and a lightning-fast execution speed of 0.04 seconds.
With its extensive roadmap, sophisticated infrastructure, and industry-relevant technologies, the platform merges high-performing trade between pairs of equities, stocks, cryptos, CFDs, and forex with FX capabilities to exchange currencies worldwide. This positions DTX Exchange to lead the sector this decade as traders eagerly await its launch.
Join DTX Exchange Presale at $0.04 to Earn Passive Income
DTX offers multiple strategies to empower traders to maximize profitability and capitalize on gains. With its revenue-sharing model and passive income strategies like staking and farming, users can contribute to distributive liquidity pools and earn passive income, thanks to the hybrid financial model of DTX Exchange.
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