The cryptocurrency market is always active as investors are looking for opportunities to make huge income. Dogecoin (DOGE), the crypto created as a meme, is exhibiting potential for a major move up. It has formed a bullish pennant on the price chart, according to Trader Tardigrade.
Also, Ethereum (ETH) is still trading in an ascending channel that could lead it to $6k. Meanwhile, a new-generation hybrid exchange called DTX Exchange (DTX) is set to transform trading with the release of its platform. Users will be able to trade forex and stocks in the coming weeks.
Ethereum (ETH) Still Bound for $6k Amid Volatility, Says Analysts
Ali Martinez, a top crypto expert has applauded Ethereum (ETH) for its resilience despite the volatility in the crypto market. He told his followers the Ethereum coin is still trading in an ascending channel and could skyrocket to $6,000 in the next few weeks. Another analyst called Mikybull Crypto believes a massive breakout is coming for the Ethereum token. According to him, the breakout could usher in the long-awaited altseason.
Mikybull Crypto predicts a price target of $6k-$11k upon breakout from the symmetrical triangle on the Ethereum price chart. At the moment, the altcoin has crossed $3,500 and could rally to $4k soon. CoinMarketCap info shows ETH's price has increased by 6.8% on the weekly chart and 11.5% on the monthly level. Meanwhile, Ethereum's relative strength index reveals that buying pressure is increasing, signaling an upcoming price surge.
Dogecoin (DOGE) Forms Bullish Pennant
Trader Tardigrade has called the attention of his followers to a bullish pattern on the Dogecoin price chart. According to him, Dogecoin (DOGE) is forming a bullish pennant on the 4-hour chart. A potential breakout could push the value of the memecoin to $0.41 in the next few days. In a previous tweet, Tardigrade noted the Dogecoin crypto price could surge to a new all-time high in the coming weeks.
He noted the ongoing consolidation is just a phase that would end before the rally begins. The analyst forecasts the value of the Dogecoin token might pump to $1.8 soon. In the meantime, DOGE is trading between $0.3087 and $0.3964 in the weekly timeframe. Its value has increased by 20.1% on the weekly level and 22.9% on the biweekly chart, per CoinMarketCap.
DTX Exchange (DTX): Transforming Trading With Hybrid Innovation
DTX Exchange (DTX) is all set to revolutionize the trading platform with the best of CEX and DEX. This approach gives traders access to trade a wide variety of assets – more than 120,000 including cryptocurrencies, ETFs, equities, commodities, and bonds. Also, DTX Exchange has a no-KYC policy, which means that users' personal data are protected and the traders have full control over their information.
The exchange also has transaction speeds of 0.04, making it one of the fastest in the market. The Phoenix Wallet also complements the DTX ecosystem by offering users a single and secure point of control for their multiple investments. Meanwhile, the DTX token is an integral part of the platform. Those who hold it are rewarded with trading fee rebates, staking with up to 15% APY, and voting rights on the future of the platform.
Currently, the DeFi coin is in the seventh stage of its presale and is valued at $0.14. The project has raised over $11.3 million in funding thanks to the huge interest from investors. Interestingly, DTX Exchange has launched its hybrid exchange. The team is working on advancements and more API integrations in the coming weeks.
DTX Exchange, The Best DeFi Project To Rival Other Exchanges
DTX Exchange is gaining traction in the market for its hybrid approach and access to over 120k assets. Its no-KYC policy also makes it different from the competition. Given these features, the price of its native token could skyrocket by 10x in 2025, making it a good crypto to buy.
Find out more information about DTX Exchange (DTX) by visiting the links below:
