Last week was full of excitement for crypto investors as we saw traction in the market after a long time. Dogecoin (DOGE) crossed the $0.1 mark after two months of consolidation, and PEPE gained good momentum after taking support from the ascending trendline.
The memecoin sector led the market last week, with higher participation from traders in the coins.
Meanwhile, the first hybrid platform, DTX Exchange (DTX), has achieved another milestone: it crossed $3 million before the end of September. They have raised over $3.2 million, with a target of $4 in October.
Dogecoin (DOGE) Rally Follows After Breakout From Cup and Handle Pattern
Dogecoin (DOGE), after six months of correction, has finally broken the lower-low and low-high pattern. Last week, Dogecoin (DOGE) broke out of the cup and handle pattern and moved 15% from the breakout level. It reached a high of $0.13 and since has corrected around 8% to the current level of $0.121.
Dogecoin (DOGE) has been in correction mode for two days. However, its volume has declined during this time.
If Dogecoin (DOGE) makes a higher high and higher low patterns, the next resistances would be $0.14 and $0.17. If it doesn’t stabilize above $0.1, $0.093 would be the strong support level.
PEPE Sees Demand After Bouncing Of 10-DMA
On September 26th, PEPE took support from the 10-day moving average, which has increased 38% from that level. The reason for the sharp move is that the $0.000089 resistance level coincided with the decreasing trendline resistance, which has been the major barrier for PEPE in recent times.
PEPE’s RSI was in an overbought zone. After the last two days’ correction, it is currently trading at 69.6. According to the technical analysis, PEPE is extended from the base right now and can consolidate or pull back a little from the current levels.
DTX Exchange (DTX) Sees Increase In Demand In Third Stage
The great fundamentals and unmatchable growth opportunity have made DTX Exchange (DTX) a top crypto investment choice. Its unique blend of centralized (CEX) and decentralized (DEX) exchange features positions it for widespread adoption. By bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi), it’s set to revolutionize the global trading market.
All the first-hand features make DTX Exchange an excellent option for traders focused on high-frequency trading or those looking to reduce costs while increasing trading volume.
DTX Exchange is a hybrid platform that allows traders to trade various assets like stocks, options, indices, CFDs, and bonds. Traders also get a larger leverage facility, up to 1000X times, allowing traders to increase their positions with a small deposit and, hence, the chance to make even greater profits.
Besides this, the DTX Exchange is lenient in its rule about mandatory KYC checks, so users have more freedom in the lengthy procedure. The exchange fosters liquidity with expedited transactions and helps traders with the latest technology in the market.
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