The market has become very volatile. The US VIX has shot up, and the major coins like Dogwifhat (WIF) and PEPE are taking huge hits. However, after the downfall, the crypto market bounced back, giving relief to investors.
Dogwifhat (WIF) after breaking the support, is trying to retest it, if the price retests and is rejected from the previous support level, we can see a new downtrend in the coin. PEPE has the same condition but with trendline support.
All this bearishness in Dogwifhat (WIF) and PEPE is making investors close their positions. For safety and growth, investors are creating positions in the DTX Exchange, the new hybrid exchange expected to be the next big thing in the crypto space.
PEPE Breakdowns With Huge Volume
As of August 6, 2024, Pepe’s price stands at $0.00000783. It has surged 10.21% over the past 24 hours and has decreased 32% in the last week, bringing its market cap to about $3.29 billion. Pepe is currently trading below its 50-day and 200-day EMAs, showing a moderate bearish trend in the short to medium term. This suggests a negative outlook despite the bounce.
If the market corrects more, Pepe is likely to find strong support around $0.0000045. This level aligns with the Fibonacci level and serves as a key psychological point, helping investors and analysts gauge Pepe’s potential.
Will Dogwifhat (WIF) Be Able To Become The Leader Of The Memecoins Herd?
Dogwifhat (WIF) could become a leading memecoin thanks to its unique approach and strong community engagement. Unlike many memecoins that focus only on humor and viral trends, Dogwifhat (WIF) is creating a distinct identity with a loyal fan base and active social media presence. This blend of a strong brand and community support helps it stand out in a crowded memecoin market.
However, the memecoin world is highly volatile and driven by trends that can change quickly. For Dogwifhat (WIF) to establish itself as a leader, it needs to keep its momentum, adapt to market shifts, and continue engaging with its community effectively. Success in this space demands not just initial hype but ongoing effort and innovation to remain relevant and valuable.
DTX Providing Access To Various Assets With 1000X Leverage
DTX Exchange is changing the trading world by letting users trade cryptocurrency, forex, equities, and CFDs on a cutting-edge platform. It stands out as the first major exchange to offer 1000X leverage without the usual Know Your Customer (KYC) requirements, ensuring a smooth and efficient trading experience.
The platform keeps trading costs low, helping traders maximize their investments. It also fosters a strong community, where members benefit from potential airdrops and gain governance and voting rights, increasing their involvement and investment in the platform’s growth.
DTX Exchange has already made a splash with its initial presale, raising over $1 million and quickly attracting thousands of holders. As the presale moves to its next phase with a price increase to $0.06, the exchange is gearing up for a million-dollar giveaway, presenting a great opportunity for investors to get on board.
With plans to expand its blockchain, DTX Exchange is well-positioned to seize major market opportunities and make a significant impact on the trading landscape.
Learn more about DTX Exchange
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
