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Traders rush to DTX Exchange while Avalanche and Tron falter

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Traders rush to DTX Exchange while Avalanche and Tron falter

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

As Avalanche and Tron experience declines, traders are flocking to the DTX Exchange, attracted by its advanced technology and user-friendly platform.

Market took another dump in the continuation of the downtrend. With the market, Avalanche (AVAX) and TRON (TRX) have also seen a significant decrease. After the break of the support zone in the coins, traders shifted their money to the new defi entrant DTX Exchange.

DTX Exchange is a trading platform that facilitates the buying, selling, and trading of cryptos and other digital assets. It offers users a secure and user-friendly interface to manage their digital investments, providing features such as advanced trading tools, real-time market data, and secure storage solutions.

Avalanche broke its major support of $30

Avalanche started its downtrend this year in March and has not been able to sustain itself. It has now broken its major support level of $30, from where the price has bounced numerous times. Avalanche is currently trading at $26.62 and is below both long term and short-term moving averages. The next major support for the price is $23 and the resistance is $30, which acted as support till now.

One point to note is that Avalanche is below the oversold zone of 30 in RSI, meaning we can soon see a short term up move in the coin. MACD is also trading below its middle line, showing bearishness in the coin. The short term outlook of the Avalanche may turn bullish if the market supports it.

TRON sustaining itself above $0.11

TRON has also seen a significant downtrend in the recent market correction, down more than 20% from the top. However, it has successfully sustained itself above the $0.11 support zone. A descending trendline from the top works as a TRON resistance on the break, during which we can see a new leg.

TRON is trading above its short-term and long term moving averages showing the strength in price. The RSI is currently trading at 49.47, which indicates the strength of the price. Short-term movement in the price can be bearish for TRON but the long-term outlook is bullish for this coin.

DTX Exchange attracts investors with its technology

Amid the correction in the market and downtrend in Avalanche and TRON, investors have been attracted to DTX Exchange because of the unique technology and business model.

DTX Exchange stands out in the trading world with its traditional finance (tradFi) solutions that outpace other major players. Its hybrid platform’s standout feature is the 1000x leverage, allowing investors to greatly amplify their market positions and potentially earn well with a small initial investment.

The platform is also known for its strong community engagement and ease of use, addressing the common problem of high transaction fees. With the VulcanX update and L1 blockchain technology, DTX Exchange enables traders to execute transactions quickly and without fees, boasting a speed of 0.04 transactions per second.

Additionally, DTX Exchange adopts a no-KYC policy, simplifying market entry for new traders. It uses non-custodial wallets, giving users full control over their private keys and ensuring their assets are secure.

It’s notable as the first blockchain layer 1 project at the ICO stage, quickly gaining market attention. Following its highly anticipated mainnet launch in the second quarter of 2024, the DTX token is expected to rise sharply from its current price of $0.04 to over $1.

To learn more, visit DTX Presale, read the whitepaper and join the DTX community.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.