The new hybrid platform, DTX Exchange (DTX), combines the features of centralized and decentralized exchanges into one place. This means traders can now trade stocks, cryptos, forex, etc., on a single platform, attracting traders and investors worldwide.
Also, DTX Exchange has become the biggest competitor to Binance (BNB) and, with its presale in the third stage, has surpassed major cryptocurrencies like Avalanche (AVAX). In this article, we will discuss the price action of Binance, Avalanche, and DTX Exchange.
Binance (BNB) Trades Above 200-Day Moving Average: Will It Sustain The Level?
Although in consolidation, Binance (BNB) is one of the market's high relative strength coins. It has been trading in the range for the last six months, and with this week’s uptrend, it has reached its upper resistance again. Binance (BNB) is facing heavy resistance from the $600 psychological level, which makes it crucial in Binance's price action.
In the last seven days, Binance (BNB) has increased by 8.69%, and in the last thirty days, it has increased slightly by 2.6%. Price direction and strength from the $600 resistance level are fundamental because they will decide the coin's momentum.
Avalanche (AVAX) Forms a Bull Flag In a Smaller Timeframe
In a 4-hour timeframe, Avalanche (AVAX) has formed a bull flag pattern, the bullish continuation pattern. After the breakout from the descending wedge pattern, Avalanche trades in a pole and flag pattern with a breakout level of around $28.3. Avalanche (AVAX) is trading above the $27 level with the next target of $33.
Avalanche (AVAX) price is currently showing strength, with volume increasing in uptrend and decreasing while consolidating. However, the long-term moving average is still above the price, indicating that bear pressure can come in upper levels.
DTX Exchange (DTX) Eyes $3 Million Before October
DTX Exchange (DTX) is a new altcoin with untapped potential that is ready to explore new price heights. It is backed by strong fundamentals and a fast-growing community. DTX Exchange has already raised $2.7 million in its ongoing presale and is signaling to raise $3 million by the end of September.
As a major online trading player, DTX introduces a hybrid Layer 1 protocol that blends traditional financial instruments with Web3 products. For traders DTX Exchange is providing features like no other exchange has done, it is providing more than 120k instruments to trade and invest and 1000X buying capacity to make large positions from small capital.
DTX Exchange ensures safety and decentralization through a non-noncustodial wallet system, which enables traders to regain all of their private keys and digital assets. DTX's power to attract big new investors makes it a highly promising investment and hence the first choice for those who want to participate in the future of decentralized finance.
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