The meme coin sector is witnessing a notable price downturn as traders cash out profits from last week’s bull run. Dogwifhat (WIF) and BONK are top decliners in the market phase as major whales shift to the emerging DTX Exchange (DTX) for unique tradFi propositions and industry-relevant features.
Dogwifhat (WIF) Slides Below The Crucial $2 Support Level
Dogwifhat (WIF) has breached a key support level of $2 after a massive 13% decline on the intraday chart. Trading at $1.8, WIF holders are speculative about its trajectory as $1.84 million have been liquidated in the last 24 hours. Amid this trendline, the market cap of Dogwifhat (WIF) has dropped below $1.82 billion.
The memecoin has shown a massive downtrend in June and now analysts anticipate the trajectory to extend in July. Technical indicators like SMA and RSI suggest a bearish market sentiment for Dogwifhat (WIF), triggering a potential price downturn towards the $1.5 support level in the upcoming days.
BONK Moves Sideways After Price Slides Down By 9%
BONK is also among the meme decliners in the last 24 hours. Despite a promising rally at the start of July, BONK failed to hold above support levels and slid to previous thresholds following a 9% decline on the intraday chart. While bulls continue to exert pressure on the memecoin, the broader market decline makes a potential price rebound difficult.
BONK has breached the above $0.000025 support, trading below $0.000022. While bulls have pushed the price towards a minor recovery, BONK is predicted to trade in a bearish channel for the next few days. Analysts anticipate a period of sideways momentum as the memecoin experiences a tug-of-war between bullish and bearish forces.
DTX Exchange Presale Set to Explode Amid Surging Demand
DTX Exchange (DTX) is under the spotlight after its ground-breaking ICO performance, raising $820,000 in round 2 of the public presale. The project leverages a high-performance hybrid marketplace with advanced automation strategies and a 1000x leverage feature, where traders can make record profits with minimum capital in diverse markets.
The DTX hybrid tradFi platform includes 120k+ assets and is emerging as an all-in-one trading solution. With robust security, distributive liquidity pools, multi-tier accounts, cutting-edge analytics, and blockchain layer 1 technology, industry giants call it the next most relevant and biggest marketplace with the best features of centralized and decentralized exchanges.
As the project grows significantly, with large-scale users shifting their focus to the DTX tokens, the price is expected to jump to a high level, potentially rising to $1 once the presale concludes. To gain early positions in the DTX Exchange for explosive returns, traders are flocking toward this no-KYC exchange token priced at $0.04.
The Best Crypto: DTX Exchange
DTX Exchange (DTX) holds much more potential than conventional memecoins like Dogwifhat (WIF) and BONK. It is the prime time to take positions in the next emerging giant of the tradFi sector to shape the future of deFi and enjoy massive gains.
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