DTX Exchange Rumored to List on Bybit After $3.6 Million Raised; Could It Hit $1 Faster Than Cardano?
The post DTX Exchange Rumored to List on Bybit After $3.6 Million Raised; Could It Hit $1 Faster Than Cardano? appeared on BitcoinEthereumNews.com.
Cardano (ADA) has been exhibiting a bullish trajectory, however, analysts are titled toward the DTX Exchange. The emerging hybrid wonder has been grabbing attention for a long time. The recent market frenzy around DTX is majorly attributed to its $3.6 million raise. While Cardano (ADA) has also been performing well with new token unlocks and a breakout above resistance levels, analysts anticipate that the DTX token will hit the $1 mark way before Cardano (ADA). Cardano (ADA): Unlocking New Potential Amid Bullish Signals! Approximately 0.5% of Cardano’s (ADA) total supply, or 18.53 million ADA tokens, will be unlocked on October 2nd. The Cardano (ADA) community is excited about this release, which is believed to be worth $7.37 million. This token release has important ramifications. Notably, Cardano’s (ADA) price and position in the market may benefit from this unlock. While the ADA token has recently surged, ADA’s price appears to be retesting the previous resistance line, forming a falling wedge pattern- which could now act as support. This is an important retest since a hold of this support might validate the bullish trend. Cardano’s (ADA) chart prediction indicates that a potential 2x move in ADA’s price is anticipated. The measured move target highlighted in the chart is around $0.74 to $0.75, coinciding with a 2x gain from the breakout level of roughly $0.37. The upper trend line of the falling wedge, or $0.35, is a crucial level to keep an eye on. Resistance levels should be monitored at $0.50, $0.65, and $0.75, with $0.75 as the breakout’s final goal. It’s important to remember that although volume isn’t displayed on the Cardano (ADA) chart, successful breakouts are frequently followed by rising volume. Traders prefer greater volume to validate the breakout and the impending price surge. ADA’s volume has decreased by 5.5% over…
Filed under: News - @ October 8, 2024 1:22 am