Can This ERC-20 Crypto Repeat Dogwifhat Gains? Ethereum Price Momentum Gives Clue

Dogwifhat (WIF) was launched in December last year. From a launch price of $0.17, it peaked in March this year at $4.80. In less than four months, WIF produced a return of over 2,700%. DTX Exchange (DTX), a coin based on Ethereum, is preparing for a similar launch in December, and experts believe it will be 100X of the Dogwifhat momentum. 

Meanwhile, the Ethereum price broke out after an 8-month-long correction. In the first leg, it increased by around 40%, and currently, it has retraced to 0.382 of the FIB level. This bullish momentum in Ethereum price indicates that potential ERC-20 coins like DTX Exchange will lead the market in the coming times. 

Ethereum Price At 10-Period Moving Average, Second Leg Ahead?

Last Wednesday, the Ethereum price broke out of the descending trendline resistance and all the short-term moving averages. From the breakout, it rallied to the July highs and faced some rejection. Since the last swing high, the Ethereum price has decreased 12%, finding support at the 10-period EMA and the $3,000 psychological level. 

For the Ethereum price to start the second swing of this rally, the nearby resistances of $3,400 and $3,900 must be cleared. Ethereum’s price is still below 25% from the all-time high, which might be a major barrier.

Dogwifhat (WIF) Rejects From All-Time High

Dogwifhat has followed the memecoin pack, rallying with triple-digit gains in the first rally in the bull market. From the low of $2.45, WIF made a high of $4.80; the supply in the price occurred at the ATH level. WIF decreased by nearly 20% intraday from the peak, showing the high volatility in memecoins compared to altcoins. 

On the breakout of Wednesday, Dogwifhat crossed the upper band on Bollinger Band, indicating the high strength in price but also showing that price might pull back in the shorter term. Currently, Dogwifhat has pulled back into the band and might retrace or consolidate more for a few days. 

DTX Exchange (DTX) Enters 5th Stage, Whales Joins The Party

After excessive demand in the fourth stage and a sellout in under two weeks, the DTX token presale has entered the fifth stage with a price of $0.1 per token. Dogwifhat and Ethereum whales entered the fifth phase on Thursday after the retracement in the crypto market and way better opportunity in the DTX Exchange.

DTX Exchange is the first multi-asset trading platform and a DeFi hub bridging the traditional and digital finance gap. Due to its robust trading technology and infrastructure, DTX Exchange has become a known name in DeFi, especially in TradFi. It allows trading more than 100,000 instruments in assets like stocks, cryptos, forex, etc. 

The platform is setting a new standard in the industry with its impressive 1000x leverage and a testnet capable of handling 10,000 transactions per second (TPS). These features empower traders to maximize profit potential and secure stronger market positions.

The DTX utility token plays a central role in the DTX Exchange. It offers governance voting rights, staking rewards of up to 26% APY, and additional benefits. With the price set to increase to $0.2 at the time of launch, interest in DTX is rapidly growing.

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