Amid today’s fluctuating crypto market, TRON (TRX) and Celestia (TIA) have caused notable losses to investors after a promising trendline. After a significant price decline, investors shift to other promising avenues for remarkable gains and massive upside potential.
TRON (TRX) Price Plunges By 2.8% Amid Market Downturn
Despite a remarkable trajectory in 2024, reported by Messari in recent research, TRX has failed to witness massive price breakouts. It led short-term traders to have low returns. Tron couldn’t maintain the hype of its partnership with Google Cloud for seamless transactions and blockchain governance on the network.
TRX price has consolidated by 2.8% in the past two days, trading below $0.125. With a notable drop in trading volume, investors are taking a step back due to the declining hype. In the long term, analysts are optimistic about the TRON network, potentially yielding big returns on investments.
Celestia’s Depleting Trading Volume Fuels Price Drop
Celestia is also witnessing a sluggish price momentum for over a month now. Investors are dumping TIA tokens to mitigate losses, evidenced by a 37% decline in the trading volume. The token’s price is down by 2% on the intraday chart, trading below the critical resistance level of $9.6.
According to technical indicators, TIA stands in an oversold region. Its price is expected to plunge more in the upcoming days. TIA’s price has fallen below the 23.6% Fibonacci support level and is approaching the lower Bollinger Band. If the trend persists, TIA’s price is expected to retrace to the support levels of $8.20 and $8.
DTX Exchange Poised to Lead The DeFi Sector With Unparalleled Features
DTX Exchange stands out as a top-performing presale project of 2024. The project recently entered stage 2 of presale with $548,000 raised. It has an increasing global traction and expanding user base. Experts anticipate the project can lead the deFi sector with its blockchain L1 solutions. Thus highlighting its commitment to community engagement and individual ownership.
The platform provides all-in-one trading solutions by seamlessly integrating 1000x leverage features and access to 120k digital assets. DTX Exchange is enhancing the user experience with its secure, accessible, and easy-to-use platform. It allows traders to trade from higher positions in diverse financial markets, including forex, cryptos, and stocks.
The DTX token is priced at $0.04 in stage 2. It presents an enticing opportunity for early adopters to secure positions in the project. Holders will be granted access to the potential mega giveaway this year, expected to rank top among the best airdrops in the industry.
The success of DTX Exchange is attributed to its unique trading solutions and deflationary tokenomics, merging itself with the changing landscape of trading. Analysts anticipate an explosive trajectory for the DTX token beyond $2 once it announces the mainnet launch, likely to happen in Q2 of 2024.
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