Despite the ongoing correction in the crypto market, some top altcoins are showing great resilience. Near Protocol (NEAR) is now challenging the $7 region again after its last failed attempt.
Meanwhile, Dogecoin (DOGE) and DTX Exchange (DTX) are targeting $1 each. Analysts say the new vigor in the crypto market could push them to this level in the coming months.
Near Protocol (NEAR) Begins Another Uptrend
Near Protocol (NEAR) has started to steadily climb upwards after bouncing around the $6 region. Bulls are currently going to retest the barrier around the $7 region. A breakout could open the way for higher price levels in the coming months. Meanwhile, data from CoinMarketCap reveals the Near Protocol coin has gains of 14.3% on the weekly timeframe and 52.2% on the monthly level.
Two analysts, Bluntz and Sixtysecondalpha, say the Near Protocol crypto is forming a God handle, which is a bullish sign. Ameba forecasts the value of the coin may pump to $9 if it crosses the resistance at $7.64. CryptoBullet expects a price rally to $1.5 in the weeks ahead. The sentiment around NEAR is bullish. The 14-day RSI above 60 supports the Near Protocol price climbing to higher levels in the coming days.
Dogecoin (DOGE) Eyeing Rally To $1
Dogecoin (DOGE) has witnessed a sharp decline in the past week. The memecoin’s downtrend began after it reached a weekly peak of $0.475. The price of the Dogecoin token has dropped as low as $0.375 since then. CoinMarketCap price information shows the Dogecoin crypto is up 0.6% on the weekly timeframe.
However, there is a loss of 1.3% on the biweekly chart. Such mixed sentiment shows that bears and bulls are in a tussle. Nevertheless, analysts say DOGE may rise 5o new highs soon. Tesla Model Doge told their followers the meme coin is fuelling for the next blast.
They posted a Dogecoin price chart where its value pumped past $1. Trader Tardigrade says DOGE is forming a high tight flag pattern, which is a very bullish signal. The analyst said $1 is inevitable. They expect a higher target of $5-$10 in the long term.
DTX Exchange (DTX) Blends CEX and DEX for the Ultimate Trading Experience
DTX Exchange (DTX) is becoming a force to reckon with in the cryptocurrency space. The platform combines the high speed and liquidity of centralized exchange (CEX) with the anonymity and decentralization of decentralized exchange (DEX) to provide the best trading solution. This approach enables users to perform trades with little latency while enjoying better security and privacy.
A prominent feature of DTX Exchange is its access to over 120,000 financial instruments, which include ETFs, cryptocurrencies, indices, stocks, bonds, commodities, indices, and others. This enables traders to spread their risks across many assets. Also, DTX has a Pheonix wallet that keeps assets safe and can hold both cryptocurrencies and traditional assets.
DTX Exchange also uses modern features such as 1000x leverage which allows the trader to make a lot of profit with little capital. During the presale, the DTX token has risen to $0.1, following its 400% price increase. Experts expect a sharp rise to $1 as the platform grows. Early investors could make good returns as the features of DTX Exchange go mainstream in the global trading market.
Final Words
As altcoins like Near Protocol (NEAR) get ready for the next possible breakout, both Dogecoin and DTX Exchange are expected to show massive growth in the next few months. Investors looking for the best cryptos to buy now should get on board before it is too late.
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