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The dynamic crypto space provides various options for expansion to investors. Beginner crypto investors are left confused by the changing trends and market sentiments. Technical analysis of top altcoins is required to find the best beginner crypto investment.
Market analysis of Polygon (MATIC) price, Dogecoin (DOGE) price, and DTX Exchange (DTX) presale by experts helps in choosing the best beginner crypto investment. Analytical statistics reveal a perplexing pattern for Polygon and Dogecoin prices. DTX Exchange, on the other hand, appears as the most suitable investment that can ensure colossal profits.
Polygon Retains Stability Despite A Downtrend
Polygon’s MATIC has slightly retreated from its earlier gains and is currently trading between $0.68 and $0.76. It has decreased by 1.56% over the last week. Additionally, it is down 27.02% this month but up 3.27% over the previous six months.
Currently, the coin is above its nearest support level of $0.64 and below its nearest resistance level of $0.81. The price movements of Polygon, which show a consolidation pattern around its 10-day and 100-day average prices, both at $0.69, point to corrective actions rather than strong impulsive trends.
According to indicators like the RSI and Stochastic, no obvious indications of overbought or oversold conditions point to moderate momentum. Although Polygon may find it difficult to overcome the $0.81 resistance given the current price patterns, it is still stable above its main support. Despite being stable, it fails to be the best beginner crypto.
Dogecoin Price Signals A Rebound Keeping Beginner Crypto Investors Baffled
Dogecoin’s price dropped from the $0.2237 resistance level, allowing the bears to drive the price lower during a corrective phase. However, the Dogecoin price is now showing indications of a bullish trend reversal on the $0.1220 support level. On the other hand, a double-bottom pattern might be developing, which would inspire buyers to initiate a positive rally.
Due largely to the bullish investors who have kept the Dogecoin price above the 200-day Simple moving average, DOGE appears poised to recover its previous high. The 50-day SMA repeatedly provided resistance for the Dogecoin price, indicating strong selling pressure at higher price points. However, increased pressure should see the price surpass the 50-day SMA.
DTX Exchange Becomes The Best Beginner Crypto Investment Reaching $500k In Presale Stage 2
DTX Exchange (DTX) is a trading exchange that enables users to trade cryptocurrencies, forex, equities, and contract-for-differences (CFDs). The platform boasts state-of-the-art infrastructure and innovative trading features, offering users unparalleled opportunities. Notably, DTX will be the first large-scale exchange to provide users with 1000X leverage, all while eliminating the need for KYC (Know Your Customer) requirements.
With minimal trading costs, traders can maximize their investments thanks to the platform’s community-centric strategy. In addition to having access to prospective airdrops, community members are entitled to governance and voting rights. DTX’s recent presale success has gained tremendous relevance due to its $500,000 raise as it enters stage 2.
The disruptive force of DTX Exchange has successfully gathered over 3,000 holders within days of DTX presale, making it a compulsory tool for massive growth. The ongoing presale presents marks a prime time for investors to join DTX Exchange as the platform will announce a million-dollar giveaway shortly.
DTX is poised to capitalize on the market opportunity, especially given its presale price of $0.04. It will soon sell at the $0.06 level in the next stage of DTX presale. DTX is about to announce its blockchain expanding the platform’s horizons.
Key Takeaways
Polygon shows a downtrend while the Dogecoin price shows a potential rebound. DTX Exchange emerges as the best beginner crypto altcoin, attracting most of the investors in presale stage 2.
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Sam Chess is an utterly focused person looking for the minute details having potential to make a big difference. He is a writer and proofreader with a zeal to understand the cryptocurrency market. Additionally, he can be found trying to figure out the biggest mystery in the industry, Satoshi Nakamoto.
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