Over the last week, Cardano and Ethereum have met with resistance as they attempt to climb to higher levels. The ADA price is facing resistance at $0.82 while Ethereum faces resistance at $2.75k. While Cardano and Ethereum remain stuck at key levels, a new heavyweight DeFi project called DTX Exchange (DTX) is stealing investors’ attention.
The price of its native token has increased by 800%, making it a leader in the market. DTX Exchange is a new-generation exchange that combines TradFi and DeFi, as well as advanced trading tools. The price of DTX is expected to rise by 10x in the coming months.
Can Cardano (ADA) Surpass Major Resistance?
The Cardano coin is making another attempt to breach the $0.82 resistance level. This is the third attempt this week. CoinMarketCap data shows the ADA price has climbed the $0.7 region and could reach $0.82 if the uptrend continues. Meanwhile, analysts believe the ADA price might climb higher in the coming months.
XForceGlobal notes the ADA price could skyrocket to $3 if it remains above the $0.50 level. On the other hand, a drop below this level could Invalidate this prediction leading to a downtrend. Another expert called SolbergInvest just posted three potential ADA price targets. In a bullish scenario, they say the ADA price might pump to $2.499.
However, SolbergInvest expects a rally to $1.8920 if the bullish momentum is low. Presently, the sentiment surrounding the ADA price trajectory is high. However, technical indicators are still bearish. The cryptocurrency’s relative strength index is below average for instance. Also, the Average Directional Index (14) is flashing a sell signal.
Ethereum (ETH) Meets Resistance At $2.75k
Ethereum (ETH) has met with resistance around the $2.75k region. CoinMarketCap shows the ETH price has dropped by 15.2% on the weekly timeframe with a price increase of 0.2% on the weekly level. Meanwhile, JJcycles notes the ETH price is where Bitcoin was in 2023.
The analyst notes that the ongoing long consolidation could lead to a massive ETH price surge in the coming weeks. JJcycles expects a multi-month uptrend for the Ethereum crypto. They posted a chart that showed the ETH price rallying to $9k before soaring to before climbing to $17k if it mirrors Bitcoin’s movement.
In another tweet, Crypto Rover re-echoed JJcycles’ ETH price prediction. They forecast the ETH price might rally to $8,400 in the month of May. If the uptrend continues, the expert predicts the ETH price could surge to $17k. In the meantime, technical analysis shows that most technical indicators are still bearish. The Average Directional Index (14) flashes a sell signal and supports a downtrend.
DTX Exchange (DTX) Set To Transform How We Trade Crypto
DTX Exchange (DTX) is a new trading platform that combines CeFi and DeFi services in one platform. This revolutionary feature allows traders to trade more than 120,000 instruments, including top crypto coins, stocks, forex, commodities, and ETFs. Security and user control are two important factors that are of great concern to DTX Exchange.
It gives the traders full control over their funds and assets thus increasing security since no central trading platform holds the traders’ money and property. Another advantage of DTX Exchange is that it offers users access to advanced trading tools that were previously available to institutional investors alone.
These tools enable traders to automate their trades with a high degree of accuracy. The platform’s bots can be adjusted to different market conditions or trading strategies. During the presale phase, DTX Exchange has managed to secure over $14.8 million and has gained more than 700,000 holders. The DTX token is currently at $0.18, which is a great price for investment in this token.
Why DTX Exchange is the Best DeFi Project To Join
As Ethereum and Cardano battle with resistance, DTX Exchange has raised its gains to 800%. With more investors getting into its ongoing crypto ICO, this DeFi leader is set to become a go-to platform for crypto trading. The ongoing presale is investors’ bet to get in at a low price.
Find out more information about DTX Exchange (DTX) by visiting the links below:
