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Memecoins like PEPE and Dogwifhat saw impressive rallies earlier this year, and experts now predict DTX Exchange could follow suit with a significant surge by the end of August.
In early 2024, memecoins like PEPE and Dogwifhat gave a good rally, with PEPE gaining over 1,100% while Dogwifhat increased over 1,000%. Experts believe that the DTX Exchange is setting up for the same rally at the August end as the bull cycle starts in the market.
This guide will discuss the current technicals of PEPE, Dogwifhat, and DTX Exchange.
Dogwifhat proceeding for new six-month low
Dogwifhat has corrected over 70% from its all-time high peak, giving back most of the gains of 2024. The pullback of 6 August was a ray of hope for investors, but the price failed to hold the levels. WIF is trading just above the low, making the price action very weak.
Dogwifhat has bounced from the descending trendline thrice, and again, the combination of the trendline and $1 support level will be the strong demand zone for WIF. The next downswing in Dogwifhat will lead the price to a six-month low and probably an all-time low in the coming times.
DTX Exchange set to lead the bull market
Top analysts, including Mckinsey and JP Morgan, have analyzed the DTX Exchange to become the bull market leader, raising its price from $0.04 to $0.52 by the end of 2024. These reports came after major updates like the income program and gas fee reduction were released in the DTX Ecosystem.
DTX Exchange is a trading platform designed to simplify and secure asset trading. It offers advanced tools, high liquidity, and strong security to protect user funds and data. Whether users are beginners or experienced traders, DTX Exchange provides a user-friendly interface and comprehensive support.
With smooth transactions and competitive fees, it aims to be the go-to platform for cryptocurrency enthusiasts and investors. DTX Exchange stands out with its hybrid trading features. It combines centralized and decentralized elements to offer trading without KYC (know your customer) requirements.
With access to over 120,000 digital assets and up to 1000X leverage, traders can take advantage of DTX Exchange’s low transaction fees, even with minimal capital. The platform has already proven its success, raising over $2 million in a private seed round and more than $1.4 million in a public presale.
PEPE $0.0000085 strong retest rejection
After breaking down the $0.0000085 level, PEPE tried to retest it, and sellers took control of it. The 10 SMA was also a strong rejection catalyst for the price with the $0.0000085 retest level. Also, bearish price action in PEPE is clear as the lower low formation is ongoing.
The next support levels for PEPE are $0.000006 and $0.000005, while the upside resistance is $0.0000089, and the major resistance zone is $0.000011. The relative strength index (RSI) is at 36, indicating a bearish grip on the PEPE price. New updates and developments in PEPE could help the price change upwards.
To learn more about DTX Exchange or take part in the presale, visit the DTX website and join the DTX Community
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