The post XRP, DOGE recovery sluggish, but DTX captures market attention appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. DTX Exchange captures market attention with the grand ‘Phoenix Wallet’ launch. Ripple and Dogecoin show signs of a potential rebound. Ripple (XRP) is currently in a recovery phase amid its reopened lawsuit with the SEC. However, Dogecoin (DOGE) is on the rise with a potential rally in the near term. Leading the status quo, DTX Exchange (DTX) is pulling investors with its skyrocketing presale rally and the brand new Phoenix Wallet launch that made headlines within hours of hitting the market. Dogecoin technical indicator turns bullish In a recent Dogecoin analysis, memecoin analyst Ali noted a bullish development on the chart. The TD Sequential indicator flashed a buy signal on the 4-hour chart, indicating potential bullish momentum for Dogecoin. According to Ali, if Dogecoin maintains its position above the $0.14 critical support level, it might rebound to $0.16. Ali’s chart analysis showed that the TD Sequential printed a ‘9’ green buy signal. This pattern is typically seen as a strong indicator that an ongoing downtrend might be ending soon. The “9” signal usually suggests a prime buying opportunity, as the price may be poised for an upward correction. As of today, Dogecoin is trading at $0.15, with a 6.4% surge in a single day. During the Dogecoin analysis, the altcoin was trading at nearly $0.14 within this 4-hour timeframe. Ali was looking forward to a close above the $0.14 support level. He stated that maintaining this level is vitally important for a potential rebound. Notably, the price recently managed to close above the $0.14 level, finishing at $0.15 at the time of writing. Lawyer reveals how Ripple uses escrow to secure XRP value Renowned crypto analyst Bill Morgan recently…

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Filed under: News - @ November 5, 2024 9:25 am