Bitcoin Cash (BCH) and Polkadot Surge Over 5% as Holders Seek Safer ROI, Why is This DeFi Token Selling Out?
The recent bloodbath in the crypto market has made investors shift towards better ROI. Despite the recent gains in Polkadot (DOT) and Bitcoin Cash (BCH), holders are shifting towards new potential coins. Polkadot (DOT) and Bitcoin Cash (BCH) have shown strength and are retesting their previous support level.
Bitcoin Cash (BCH) was up around 6% but couldn’t sustain the $400 level. Polkadot (DOT) has been able to sustain its gain and currently trading at 6.33% at the time of writing. A major shift of the funds has been seen towards the new DeFi trading platform, DTX Exchange, and their tokens are selling out very fast.
Polkadot (DOT) Trading Above 20 Days Moving Average
Polkadot (DOT), after the recent move of more than 15% in a week, is now trading above its 20-day moving average. For short term price action is moving in the upside with clear bullish structure. After breaking the support level of $6.33 Polkadot (DOT) is now retesting the level again. Rejection or break on the upperside will be crucial here because that will decide the upcoming move in the coin.
The RSI has moved to 52.24, showing a little bullishness in the Polkadot (DOT) price. However, the MACD lines are below the middle line, indicating a weakness in the price. From here markets movement will also be important because it will decide the move of the whole crypto pack.
$350 A Major Support Level Of Bitcoin Cash (BCH)
After Bitcoin Cash (BCH) failed to sustain the $400 mark, it will be interesting to see what it does next. If Bitcoin Cash (BCH) further starts a downtrend the major support level is $350. The major resistance in the upper side is still $400, which is looking hard to penetrate.
The RSI for Bitcoin Cash (BCH) is trading at 40.76, showing a bearishness in the price. The MACD lines are below the middle line, indicating a weakness in the price, just like in Polkadot (DOT).
DTX Exchange Major Attraction For Crypto Whales
Despite the good reaction to most of the blue-chip coins, like Polkadot (DOT) and Bitcoin Cash (BCH) investors are still fearing to invest in them. Amid this downtrend, the major attraction for crypto whales has been DTX Exchange, a hybrid trading platform that has raised $800,000 in a month.
DTX Exchange (DTX) is rapidly climbing to the top of the trading world thanks to its hybrid trading platform. The standout feature is the 1000x leverage, allowing traders to maximize profits with higher market positions while using minimal capital. The platform’s distributive liquidity pools ensure no slippage and offer optimized trading opportunities across various financial sectors.
During the second round of its presale, DTX attracted significant investment, surpassing $8000,000, and is expected to reach $2 million by the end of July. With its growing user base, market experts anticipate a price surge once the DTX token goes live on the mainnet.
Learn more:
Related posts
