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Market Trend Signals 2300% Surge for Shiba Inu (SHIB) and This $0.08 Altcoin: Why SUI Blockchain is Lagging Right Now?

The bullish market sentiment has pushed the Sui blockchain (SUI) and DTX Exchange to new highs. With the Sui blockchain (SUI) turning bearish despite a broader bullish market sentiment, analysts suggest investing in SHIB and DTX to get notable returns.

Shiba Inu’s price actions have kept the experts glued to this altcoin as SHIB’s price actions need to be observed to determine its future price trajectory. DTX Exchange, however, remains bullish regardless of the market volatility. This altcoin has become synonymous with huge profits for traders!

Shiba Inu Price Targets Key Support Level, Analyst Breakdown SHIB Price Actions

According to crypto analyst Alex Clay, Shiba Inu’s price has identified two key targets based on its Fibonacci retracement levels. He noted that the SHIB token has just completed a descending broadening wedge pattern, which often signals a bullish reversal. 

This pattern has been outlined by the diverging downward trendline, which indicates a price reversal after being on a downward trend for some time. After bouncing above the $0.00001833 critical support level, it has triggered room for more gains. 

Clay’s analysis also indicates that the bulls are targeting the $0.00003710, aligning with the 0.382 Fibonacci level as the intermediate level. Their second target would be around the $0.00005685 mark, corresponding to the 0.618 retracement, an area where sell-off pressure would intensify.

These two targets are pretty significant for investors before changing their strategies. Other analysts have also projected an optimistic outlook for the Shiba Inu coin, but this would depend on whether the broader market maintains its bullish momentum. 

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As such, the meme token could rally by 5x to 10x from the current price to range between $0.00009555 and $0.0001911. 

Sui Blockchain (SUI) Slumps Amid Broader Market Rally

The price of Sui blockchain (SUI) has slumped in the current session, reaching $2.95  after a 7.85% decrease within 24 hours. This dip has pushed SUI’s market capitalization to $8.43 billion, plummeting by 7% in this bull run.

Additionally, trading volume for Sui blockchain (SUI) also decreased, totaling $2.99 billion in the past 24 hours, a 15% decrease. Sui blockchain (SUI) has a circulating supply of 2.85 billion out of a maximum supply of 10 billion.

Though the community sentiment is 83% bullish, the price charts for the Sui blockchain are bleeding in the current session, showing a massive dominance of bears on the daily price chart.

The weekly gains of over 54% seem to be entering a decreasing trend today with the daily price charts showing a declining pattern in the Sui blockchain (SUI). Though SUI recently made a new ATH for its market capitalization, its recent price actions have shocked investors.

DTX Exchange Presale Goes Bullish After Phoenix Wallet Launch

DTX Exchange (DTX) has emerged as the best investment choice after Donald Trump’s election win, as its Q4 mainnet launch can pump it to higher highs. The hybrid DTX platform is a major market sensation as it introduces cutting-edge tech and trader-friendly features for maximum profitability and high-end security.

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DTX Exchange has launched its Phoenix Wallet that upholds the decentralized narratives for data-sensitive users including non-custodial features and KYC-free onboarding. Available on Apple and Play Store, traders have complete access to their assets with no security threats and they can trade them in their preferred markets including stocks, cryptos, equities, and forex, all available on DTX’s trading platform.

DTX Exchange has raised more than $7.3 million in batch 4 of the public presale as whales look forward to the launch of its industry-competitive trading platform that has the first-ever hybrid layer-1 blockchain and 1000x leverage. Traders can participate in its early-stage presale at $0.08 before it surges past the $1 milestone after the CEX listing this year.

Key Takeaways

  • Shiba Inu (SHIB) remains bullish in the current session with analysts predicting further gains.
  • Sui Blockchain (SUI) is dominated by bears as the coin loses momentum in a bullish broader market.
  • DTX Exchange raised $7.3 million after the Phoenix wallet launch.

Learn more:

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Disclaimer. This is a Corporate press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Cryptopolitan.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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