As predicted by experts, with the entree in November, we are officially in the bull market in cryptocurrency. Bitcoin is trading near an all-time high, and a final push remains before a new ATH. The memecoin leader, DOGE, has also broken out of the four-month high, with Dogecoin volume reaching record levels.
After the short-term correction, Shiba Inu has gained momentum, rising 19% in the last four days. Most altcoins are also gaining momentum, making this period a perfect opportunity to add great fundamental coins to your portfolio. We will discuss the recent price action of DOGE and SHIB and a potential name gaining high traction.
DOGE Aims New High With Multi-Week Breakout
DOGE, after nearly six months of market correction, has relieved investors with a strong breakout in the weekly chart. Dogecoin volume has also been trending after reaching over $4 billion intraday. Dogecoin volume peaked after months of correction, and this breakout showcased the high participation of traders in DOGE.
In the last 24 hours, Dogecoin volume has reached $3.30 billion, with a 5% price increase. Based on the Fibonacci extension, DOGE has faced a small hurdle at the 1 FIB level. The next resistance level is $0.20, and the immediate support level is $0.131.
Shiba Inu Finds Support At Ichimoku Cloud Channel, Uptrend Ahead?
Compared to leading memecoin like DOGE, SHIB has performed poorly, with negligible movement in the last 30 days. Shiba Inu gave a momentum breakout in September but has failed to see any follow-through, falling back to the Ichimoku channel. SHIB has risen 15% from the support level, reaching the $0.000018 level.
If DOGE continues the rally, Shiba Inu will soon follow the price action. However, traders should keep strict stop loss in case of unfavorable events. The crucial resistance for SHIB is the monthly breakout level of $0.000021.
DTX Exchange (DTX): Wealth Creator Altcoin For Bull Run
DTX Exchange is a new cryptocurrency that aims to simplify complex trading structures built by traditional exchanges. Industry experts have given DTX the tag of sector disruptor after seeing its rapid growth in a few months.
DTX is the first hybrid exchange that combines the benefits of CEX and DEX in a single platform. Its main focus is to provide traders and investors with a variety of assets, including traditional assets like stocks, digital assets like cryptocurrencies, and RWAs. DTX will make this possible with its proprietary L1 blockchain, VulcanX.
DTX Exchange uses smart contracts to automate and secure trades, ensuring every transaction is clear and transparent without needing middlemen. This setup gives traders full control over their assets and removes the risks often linked to centralized exchanges.
DTX Exchange presale is also growing rapidly, going through the fourth stage at the time of writing. Launched for $0.02, the DTX token is currently priced at $0.08, giving 300% ROI to early investors. The DTX token presale has raised over $6.21 million so far, and DTX will increase to $0.1 in the next token presale stage.
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