The crypto battle is heating up as Shiba Inu (SHIB), SUI, and DTX Exchange fight for dominance in an evolving market. SUI price has shown strong bullish momentum, breaking critical resistance levels, while Shiba Inu’s price struggles to regain its footing after a 21% dip.
Meanwhile, DTX Exchange, a rising altcoin, is making waves with its hybrid DeFi approach, lightning-fast blockchain, and a record-breaking $13.8M presale. The question remains: which cryptocurrency has the biggest growth potential? Let’s find out.
SUI Holds Crucial Support: A Bullish Future Ahead?
SUI showed incredible momentum during the past day, moving up from a crucial support level of $2.85 to $3.31.
This increase may be the beginning of an uptrend, especially if SUI holds steady above important support levels. Following weeks of bearish action, the Relative Strength Index (RSI) is currently around 45, reflecting a neutral market attitude.
The current SUI price movement, however, indicates that bulls are starting to reclaim control. SUI must sustain support in the $2.85 to $3.00 region for the uptrend to continue.
A long-term hold in this region would open the way for future gains and validate the bullish trend on the higher time frames. Additionally, according to on-chain data, the market appears to be favorable to SUI. With 55,522 more active users in the previous day, the Sui Network has experienced a significant increase in active addresses.
SHIB Price Stagnates: When Will the Breakout Happen?
The Shiba Inu (SHIB) price fell 21% during the previous month from $0.000025 to $0.000015 under strong bearish pressure, forming a downward pattern of lower highs and lower lows.
Given that Shiba Inu is having trouble recovering momentum, SHIB investors are concerned about this downward trend on the price chart. However, Shiba Inu technical indicators like the Momentum Oscillator and the MACD on the SHIB price chart provide early warning signs of a potential trend reversal.
Aside from that, the SHIB price has found rejection at the $0.000015 support level and is currently stabilizing between $0.000014 and $0.000017. The Shiba Inu price may break out and return to its all-time high of $0.000088 if there is sufficient upward momentum, securing its place as one of the promising meme coins to keep an eye on.
DTX Exchange: The Altcoin That’s Stealing the Spotlight
While SHIB and SUI strive to maintain their market dominance, DTX Exchange (DTX) is a viral altcoin gaining traction in the crypto world through its revolutionary approach.
With this approach, it aims to bridge the gap between centralized and decentralized finance, uniting the best of them on one single platform. This disruptive goal is supported by the platform’s layer-1 blockchain technology, VulcanX, a hybrid blockchain that addresses the restrictions of both private and public networks.
Aside from that, it provides unparalleled speed, as demonstrated by its recently launched testnet, which achieved an estimated TPS of over 200,000.
The platform provides its users with a massive leverage margin of up to 1000x and a distributed liquidity pool. These features ensure that DTX users have the most opportunity to optimize their earning potential. While the 1000x leverage margin ensures maximum market exposure, the distributed liquidity pool executes each trade at the minimum price possible, with minimum slippage.
Presale Hits $13.8M: Why Investors Are Rushing Into DTX
DTX Exchange is currently in its presale phase and has been showing stellar performance. The presale has successfully sold seven presale rounds and is currently in its eighth stage, with over $13.8 million in investment. This exceptional momentum, coupled with unparalleled utility, is pushing DTX ahead of leading players like SUI and SHIB.
Each DTX token is available for only $0.16 at the current stag,e offering a great profit potential to all of its early backers. Investors and traders are rushing into the ongoing presale as it nears its most anticipated tier-1 listing that will give it a major 100x boost.
To know more about the DTX Exchange ecosystem, Check out:
