A DeFi coin called DTX Exchange (DTX) is making waves in the crypto industry. Due to its 600% price growth during the bearish month of December and unique features, DTX could soar to $1 in the first quarter of 2025 mirroring the price movement of Cardano (ADA).
The project is currently in the presale phase and has become the favorite of most investors. On the other hand, Shiba Inu (SHIB) is trading in a falling wedge. Analysts forecast its price could surge to $1.76 in the case of a breakout.
Shiba Inu (SHIB) Trades Inside Falling Wedge
Shiba Inu (SHIB) is still fighting with bearish pressure after a long battle between bears and bulls. CoinMarketCap data reveals the value of the Shiba Inu coin has dipped by 4.2% in the weekly timeframe. The downtrend has also extended to the biweekly and monthly charts where there are losses of 22.7% and 29.4%, respectively.
Going forward, the Shiba Inu crypto has major support between $0.0000215 and $0.0000193. If these levels hold, the Shiba Inu price could surge to higher levels in the coming weeks. A top analyst called CW told his followers the price of the meme coin could pump to $0.0000355.
According to him, the cryptocurrency is attempting to break out of a falling wedge pattern. CW is expecting a successful breakout in the coming weeks. Based on technical analysis, the memecoin is showing mixed sentiment. While the VWMA (10) is flashing a buy signal, the Hull Moving Average (9) is flashing a sell signal.
Cardano (ADA) Founder Bullish on ADA
In a recent tweet, the founder of Cardano (ADA), Charles Hoskinson, expressed optimism about the future of the project. According to him, the Cardano network is going to new heights next year. Potential catalysts that Charles pointed to include Midnight, Bitcoin DeFi, Patnerchains, and DApp upgrades. At the moment, the Cardano coin is trading between $0.8333 and $0.9458 on the weekly timeframe. Its price has declined by 4.0% during this period.
Nevertheless, 2025 could prove to be a great time for the cryptocurrency community including the Cardano token. CW, an analyst, told his followers that ADA has not yet breached the falling wedge pattern. A rally could begin only when the pattern is disrupted, CW added. Moreover, it has not violated the previous law. As a result, the analyst predicts a price target of $1.76.
DTX Exchange (DTX) Price Soars 600%
While even the top crypto coins bowed to bears in December, DTX Exchange (DTX) remained the shining light. It has risen by 600% from stage one to seven of its presale. The DeFi coin is currently trading at $0.14 and is the key to a hybrid trading platform. The DTX Exchange combines the best characteristics of CEX and DEX where users can make transactions with high speed and low cost.
While most of the platforms are designed to accommodate only cryptocurrencies, DTX stands out in that it offers a trading platform for stocks, options, indices, and ETFs. This trading environment offers high flexibility since the traders are able to trade different assets in one platform. On the other hand, traders can trade on the DTX Exchange without passing through the regular KYC process which is common with most trading platforms.
Furthermore, the platform has a 3% Rebate System for high-volume traders. This approach is part of its move to reward users for their activities. Currently, the DTX coin is listed in CoinMarketCap. The community is eagerly waiting for the DTX Exchange that will launch in the coming months.
DTX Exchange To Be the Next DeFi Token To Hit $1
Although the current formation of Shiba Inu (SHIB), the falling wedge, suggests a bullish outlook, DTX Exchange is now proving itself to be the next giant in the DeFi space. The coin’s features and potential make it the best cryptocurrency to buy for huge profits in 2025.
Find out more information about DTX Exchange (DTX) by visiting the links below:
