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Dogecoin forms a bullish crossover, signaling a crypto upswing. DTX Exchange gains attention ahead of its tier-1 exchange launch.
The Dogecoin chart shows a bullish formation after weekly consolidation; it has formed the bullish crossover pattern, which is the bullish reversal pattern. DOGE is one of the early movers, and its strength means that the second upswing in the crypto market is coming soon. This makes the current time best for choosing the right coins, which can generate tremendous returns.
One name on the priority watchlist of expert investors is the hybrid trading platform – DTX Exchange. DTX Exchange is at an important juncture because industry experts predict its launch in tier-1 exchanges next month. After the launch, the DTX token can moon because of its fundamental and community backing.
Dogecoin forms volatility contraction pattern, breakout soon?
Dogecoin (DOGE) has emerged as a standout performer in the ongoing bull market, reaching price levels last seen in 2021. Despite a weekly market-wide correction, the meme coin has surged by an impressive 159% in November. After the recent bullish runup, Dogecoin has been trading sideways, absorbing the selling. DOGE price has formed a volatility contraction pattern with the golden crossover, indicating bullish price action.
Additionally, a high volume has been observed in the Dogecoin price volume. In the past 24 hours, activity around Dogecoin has surged, with over 439 million DOGE—worth more than $184 million—transferred across four major transactions. Whale Alert, a blockchain data tracker, flagged these movements, drawing significant attention from the crypto community.
In another development, Eric Balchunas, Bloomberg’s ETF expert, suggested that Dec. 31 could be an ideal date to file for a Dogecoin ETF. If asset managers explore this opportunity, it could attract substantial capital to the market, potentially driving a significant increase in Dogecoin’s price.
DTX Exchange’s revenue-sharing model attracts dividend investors
Investors who prefer to invest in instruments that give fixed returns in intervals of time can now invest in the crypto sector with DTX Exchange. DTX’s revenue sharing program, known as the VIP rebate program, will allow investors to earn up to 3% of exchange revenue from various sources like trading fees.
The VIP rebate program’s staking feature adds an advantage for investors. With it, investors can earn up to 33% APY, among the industry’s highest. These features help investors generate passive income and appreciate the price of assets.
Along with dividend investors, momentum investors who seek high gains in a short period have kept DTX Exchange on the priority list. The reason is DTX Exchange’s strong foundational technology, as it has developed the first hybrid exchange that allows trading various assets like stocks, crypto, commodities, forex, ETFs, etc.
The DTX Exchange is currently trading at $0.12 in the sixth stage of the presale. Three whales have already entered the token presale at this stage. Analysts say it will be sold out completely in the next few weeks. For investors who want to enter the presale, the best time could be now!
For more information, visit the DTX Exchange presale website and join the online community.
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