The first hybrid exchange, DTX, is leading the crypto market with more than 10,000 signups within two months of its launch. It is also gaining investors’ attention as the presale of the DTX Exchange recently crossed the $1 million mark.
More and more investors are shifting to DTX Exchange as the crypto market is setting up for the next bull swing. Meanwhile, Bittensor (TAO) is showing good strength, making a bull flag breakout, which can start the new rally in Bittensor (TAO). As the market is setting up, Near Protocol (NEAR) is showing weakness in the price, training 12% down from its recent high.
Bittensor (TAO) Trading In The Bull Flag, New Rally Soon?
Bittensor (TAO), after recovering from the bottom of the $200 level, is now making a bull flag, a bullish continuation pattern. The $400 level is the major resistance level for Bittensor (TAO), and $300 is acting as immediate support.
If the Bittensor (TAO) price remains above $300, we can expect it to break $370. Once Bittensor (TAO) crosses this mark, the next bullish target could be $400 or even $440. Beyond that, we’ll see resistance at $490 and possibly $550 for Bittensor (TAO).
Near Protocol (NEAR) Showing Weak Price Action In Strong Market Conditions
The Near Protocol (NEAR) price has a slight bearish momentum, with a price correction despite overall bullish sentiment in the market. In the last seven days, the Near Protocol (NEAR) price has decreased by 8.45%, reflecting significant negative momentum. Despite the strong bullish momentum in the market, Near Protocol (NEAR) price seems lacking for potential growth in 2024.
In August 2024, the Near Protocol price is expected to continue its range-bound movement, with a slight recovery anticipated around the current level. Technical indicators suggest that sideways trading will continue, with occasional bullish signals as the month progresses. Traders may look to capitalize on short-term price swings within the established range, using range trading strategies to navigate the market.
DTX Exchange: The Leader In the Next Bull Rally
The high demand for the DTX Exchange presale clearly shows the price strength in crypto. Investors from Bittensor (TAO) are also adding positions in the DTX Exchange to diversify their portfolios, and Near Protocol (NEAR) holders have already sold their positions amid the coin’s weak price action.
DTX Exchange is solving the problem of leverage and speed for traders. With lightning-fast execution speeds averaging 0.04 seconds, the platform ensures traders can seize market opportunities instantly and stay ahead of the competition. This rapid execution is vital in the fast-paced trading world, where every second counts.
DTX Exchange also supports quantitative and algorithmic trading, providing advanced tools and APIs for automated trading strategies. These features enable traders to capitalize on market inefficiencies with unmatched efficiency and accuracy, taking their trading game to new heights.
Compliance with international financial regulations further protects traders’ experiences and digital assets, adding an extra layer of security to the platform’s robust offerings. DTX Exchange has demonstrated impressive growth in record-breaking time, raising over $2 million in a private seed round and over $1 million in presale to date. The potential for early investors is rising, with the current token price at $0.04 and a projected increase to $0.06 in the next round.
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