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The Shiba Inu price continues to trade sideways on the charts as bulls fail to surpass the resistance around $0.000013. Despite the latest uptick in the market on Monday, memecoins like Shiba Inu are still under high selling pressure. In the meantime, the Ethereum price is attempting to reclaim the $2k level.
Meanwhile, one DeFi coin is standing out in the market and that is the DTX Exchange (DTX). Being an innovative hybrid platform, DTX aims to make trading more profitable for its users. Its price has risen by 800% in the past months and is expected to soar by 10x in 2025.
The Shiba Inu price showed a strong start this Monday spurred by a broader rebound across the crypto market. CoinMarketCap data shows the Shiba Inu price had risen to $0.0000136 before falling to the $0.000012 level.
In terms of future movement, Ali Martinez notes the Shiba Inu price has support levels at $0.0000115 and $0.00000815 if another correction occurs. On the upside, Crypto Sat forecasts the Shiba Inu price might surge to $0.0000128-$0.0000132 if it breaks out of a falling wedge.
However, the analyst notes the Shiba Inu price faces a strong resistance at $0.0000126. Failure to cross this hurdle might cause the Shiba Inu price to drop to $0.0000122. Meanwhile, technical indicators like the Hull Moving Average (9) and VWMA (10) are in the buying territory and support a Shiba Inu price uptrend.
The Ethereum price has risen by 4.0% on the weekly chart after trading sideways in the past week. The ETH altcoin price has risen to the $1.9k level and is currently close to breaking past the $2k mark. However, data from CoinMarketCap shows the Ethereum price has failed to cross this level after four attempts in the past week.
Nevertheless, a crypto enthusiast called Buddy forecasts the Ethereum price might jump to $2.3k in the next few weeks. He noted that there is a bullish checkmate formation on the Ethereum price chart which could lead to a rally. Another analyst called Ted says the Ethereum price is still trading above a support trendline from 2021.
According to Ted, the Ethereum price has retested the trendline three times and has never fallen below it. This analyst forecasts the Ethereum price could pump to $2.95k soon. In other news, Justin Sun, the founder of Tron has just staked 100 million ETH, a sign that he is bullish about the Ethereum price.
As the Shiba Inu price continues to battle with bears, investors are moving to more utility-driven projects like DTX Exchange (DTX). DTX Exchange is an emerging multi-asset trading platform that has recently attracted much attention in the cryptocurrency and financial trading markets. During its presale stage, the platform has been able to garner over $16.1 million, a sign of high investors’ interest.
Currently trading at $0.18, the value of DTX is expected to soar to a final price of $0.36 after launch. DTX Exchange is an innovative DeFi project that will provide users with the advantages of both CEX and DEX, as well as high security, anonymity, high liquidity, and a wide range of over 120,000 products, including cryptocurrencies, stocks, bonds, Forex, and CFDs.
DTX Exchange is to offer tokenized ETFs and target users from over 80 countries including the regions where some assets are prohibited. Supported by the high-speed layer-1 blockchain, VulcanX, the platform can process more than 200K TPS, thus providing fast and smooth trading experiences.
While the Shiba Inu price is yet to reclaim $0.000014, DTX Exchange is stealing all the attention in the cryptocurrency space. Currently, in the crypto ICO stage, it has achieved some major feats — raising $16.1 million in funding, onboarding 700k users, and giving early birds 800% returns. Those who join the presale now will get 2x returns, making DTX the best crypto investment in March.
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