Middle East tension is still intact, and the possibility of further war escalation exists. Recent events have corrected the crypto market, with major coins correcting over 10%. One crypto expert has predicted that Bitcoin (BTC) could retrace to $57,000; however, the price action looks strong for further correction.
Cardano (ADA) and Near Protocol (NEAR) have reversed after the correction but are still trading below the recent swing high. The positive side of the correction is that it has given the opportunity to buy future leaders at a lower price. Whales and institutional investors continuously add DTX Exchange (DTX) because of its undervalued price and high growth expectations.
In this article, we will discuss the global tension’s price impact on Cardano (ADA) and Near Protocol (NEAR) and how the DTX Exchange raised over $896K last week.
Cardano (ADA) corrected nearly 20% from the high of $0.41 created last month. Cardano formed a bottom on 3rd October with a swing low of $0.33. Recovery from the bottom faces resistance from short-term moving averages coinciding with a resistance level of $0.36.
The Cardano (ADA) price momentum will be decided from the current level; if it breaks above the immediate resistance zones, we can expect it to go higher to $0.4. However, if Cardano (ADA) breaks in the downside, $0.335 and $0.31 are the support regions from where buying could come.
Near Protocol (NEAR) has corrected around 25% in the market dump, but the recovery has been strong. Near Protocol has increased by 19% from the bottom, trading at the current level of $5.21. It has crossed the $5 psychological resistance level and is trading above major short-term moving averages.
The relative strength index has also increased, with the price of the Near Protocol (NEAR) currently trading near the 60 level. MACD also indicates a bullish pattern with a bullish crossover with the moving averages.
DTX Exchange (DTX) has already sold 83% of the total cap of the third stage in under a month. The huge demand over the last two weeks has contributed to the fast buying of the coin. Currently trading at $0.06, DTX Exchange has raised $3.7 Million and targets around $5 Million by the end of October.
The increased listing price to $0.20 has also attracted many traders because there is an opportunity for more than 100% gains by the time of listing.
DTX Exchange is unique because of the online trading with its hybrid model. It lets traders buy and sell CFDs, commodities, cryptocurrencies, and over 120,000 assets with leverage up to 1000x. No sign-ups or KYC checks are needed, keeping transactions completely private.
A key benefit is its non-custodial trading. Users maintain full control of their private keys and funds, removing the need to rely on a central authority. This reduces the risk of hacks or mismanagement. The platform’s all-in-one crypto wallet is designed to be simple, secure, and highly anticipated.
DTX is the exchange’s utility token, offering holders perks like lower trading fees and a say in how the platform operates. Additionally, those who buy $100 of DTX during the presale will be entered into a $1M giveaway, with ten winners each receiving $100K.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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