As the Christmas spirit kicks in, various altcoins explode to touch new highs. Major altcoins exhibiting a huge surge include Dogecoin (DOGE), PEPE, and DTX Exchange. While Dogecoin’s (DOGE) technical indicators hint at a potential breakout and PEPE’s market performance hints at a bullish control, DTX steals the limelight with a staggering presale raise of over $10 million!
Dogecoin’s (DOGE) RSI Reset Hints At Potential Breakout
According to data from Santiment, Dogecoin’s (DOGE) “mean dollar invested age” has dropped by 31% over the past eight weeks, signaling increased circulation of dormant coins. In early November, Dogecoin (DOGE) traded within a narrow range of $0.35 to $0.48 following its explosive 208% breakout.
Previously, CNF highlighted Dogecoin’s (DOGE) bullish signals and potential breakout targets of $8–$10, aligning with historical growth patterns. Recent price corrections caused Dogecoin (DOGE) to dip below a rising trendline, sparking concerns about a bearish shift. However, analysts suggest this pullback could pave the way for a new rally.
Crypto pattern analyst Trader Tardigrade pointed out that Dogecoin’s (DOGE) Relative Strength Index (RSI), which recently signaled overbought conditions, has now reset, potentially indicating an upcoming bullish reversal.
The easing RSI mirrors a pattern seen in March 2024, when a similar reset preceded a strong uptrend. According to Tardigrade, Dogecoin (DOGE) could break above $0.50 in the coming days if history repeats itself.
Supporting this optimism, Santiment data shows that the drop in Dogecoin’s (DOGE) mean dollar invested age suggests renewed market activity, a trend historically linked to bullish momentum.
PEPE Price Action Hints It’s Next Hot Meme Coin
Although the recent crash caused $1.7 billion positions to be liquidated, PEPE’s resilience sparks optimism among its holders. PEPE has been leading the market with its strong performers in the meme coin category.
The PEPE coin has climbed 14% over the past week, securing its position as the 6th best-performing crypto during this period. PEPE boasts a 77% gain over the month, ranking it 11th among top-performing altcoins.
Market analysts suggest this strong performance underlines investor confidence in PEPE’s potential for explosive growth. As meme coins thrive on community sentiment and speculation, PEPE’s ability to weather market volatility may position it as the next breakout asset.
The PEPE coin price has seen a rise in the market cap after hitting $9.76 billion. After an impressive surge, the PEPE coin price hit ATH 2-days ago after breaking $0.00002825, before seeing a slight correction.
A whale with the address 0xa14 recently withdrew 1 billion $PEPE tokens (worth $481,000) from Binance, drawing attention to significant activity around the meme coin.
The whale now holds 973.43 billion PEPE, valued at $25.32 million, with an average entry price of $0.0000091. This positions the investor with an estimated profit of $16.23 million, reflecting an impressive 183% ROI.
DTX Exchange Gains Popularity As Multi-Utility Platform
DTX Exchange (DTX) has become the top choice for ETF investors with its multi-utility trading platform and access to traders worldwide. This platform allows investors to access ETF instruments in crypto, stocks, commodities, and unique tokenized assets.
This diverse option availability and advanced features, such as distributed liquidity pools, have made DTX Exchange a potential leader in the ETF trading industry. In addition to trading, DTX Exchange is known for its diverse utilities like DEX swapping, staking, and income generation programs, attracting a user base of 1.4 million in a short period.
The DTX Exchange ecosystem is supported by the VulcanX blockchain, which is famous for achieving 10,000 TPS. The platform is also compatible with the Phoenix Wallet, which allows direct transactions without requiring KYC registration. This makes it easier for the underbanked to invest freely and anonymously.
The DTX token presale has reached $10.16 million in the sixth stage for $0.12. Experts believe this is just the beginning, as its trailblazing trading capabilities could disrupt the trillion-dollar trading industry.
Key Takeaways
Christmas spirit kicks in! PEPE and Dogecoin (DOGE) show a stark increase as a new rally begins. ETF trading on the DTX Exchange drives the token to further all-time highs, surpassing Dogecoin (DOGE) and PEPE.
Learn more:
Presale | Visit DTX Website | Join The DTX Community
