- December 18, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
The post Another Dogecoin Breakout Fail? Frustrated DOGE Holders Eye Viral Utility Altcoin for 34,050% Upside appeared first on Coinpedia Fintech News
Dogecoin (DOGE) struggles to spark a meme rally despite strong community backing and 4.9 Billion whale activity this week. The sellers continue to dominate the dog-themed memecoin as capital rotates into Bitcoin (BTC) this week, with its price nearing the $110K milestone after the Fed Rate Cut announcement on December 18.
DOGE has failed to trigger a bullish comeback amid the broader meme coin segment facing selling pressures. Meanwhile, DTX Exchange emerges as a solid investment for frustrated Dogecoin holders, seeking skyrocketing gains in the ongoing bullish cycle through utility altcoins.
In this write-up, we’ll see why Dogecoin (DOGE) has failed to display a bullish breakout and how DTX Exchange (DTX) steals the spotlight as the hottest coin to buy amid the market downturn.
Dogecoin (DOGE) Fails to Breakout From The $0.40 Resistance
Dogecoin (DOGE) trend disappoints its holders as another breakout attempt from the $0.39 support level appears to fail. As analysts closely monitor the 50-day moving average, the DOGE price struggles to display enough buying pressures amid a significant drop in the trading volume from $10 billion.
Source: CoinMarketCap
While reduced speculative activity has slightly eased sell-off risks, it has done little to spark a bullish momentum for the frustrated investors. Since the 69% node hack news sparked panic among the DOGE community, Dogecoin charts show a very weak trading activity, hinting at a short-term stagnation.
Adding to the uncertainty, recent whale activity involving $160 million worth of DOGE accumulation has not expectedly boosted the memecoin. Instead, many experts see the lack of a strong breakout as an indicator that Dogecoin may continue to trail behind other altcoins in the short term despite Elon Musk’s support on X.
DTX Exchange Attracts Utility Investors With Its 34,000% Upside
DTX Exchange (DTX) has gained recognition as an innovative trading platform, offering an all-in-one trading strategy with features like 1000x leverage. With access to over 120,000 digital assets across a wide range of financial markets, including cryptocurrencies, forex, stocks, and CFDs—the platform guarantees gas-free transactions and lightning-fast execution speeds through its first-ever hybrid layer-1 blockchain.
Designed for global traders, DTX Exchange provides ease of use with its sleek modern UI, supported by advanced risk management tools and cutting-edge technologies like quant and algo trading. The platform prioritizes security with decentralized features, attracting huge investments from utility lovers for its $10.2M stage 6 presale.
What truly sets DTX Exchange apart is its comprehensive suite of trading mechanisms, including advanced automation and real-time analytics, DTX tokens are currently available for just $0.12 with the price expected to surge 34000% after the 2025 listing. Experts say that now is the optimal time to invest early in the DTX presale before its value rises significantly after the live trading announcement.
Conclusion
Despite Dogecoin’s (DOGE) potential for a memecoin revival, its struggle to break key resistance levels and the recent stagnation in market activity signal a challenging road ahead for DOGE holders. In contrast, DTX Exchange (DTX) presents a compelling alternative for traders seeking high-growth opportunities.
With its innovative trading features and cutting-edge technology, DTX is well-positioned for explosive gains in the coming years, particularly after its upcoming listing in 2025. As the market shifts toward utility tokens, DTX Exchange stands out as a prime candidate for those looking to capitalize on the next wave of crypto innovation and long-term profitability.
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