Meme investors enjoyed significant gains during the bull rally of November last year. While the SHIB price increased by 170%, Dogwifhat (WIF) surged similarly, reaching above the $4.80 high. However, during the market correction, both these coins lost momentum as investors shifted massive capital to utility-driven coins. Standing out this season, DTX Exchange (DTX) has attracted meme coin investors with its unique platform infrastructure and disruptive technology.
DTX Exchange’s ongoing presale has amassed $15.05 million and captured the attention of over 750,000 investors. With DTX set to list soon, these early movers are betting on its long-term potential. Could this hybrid project outpace Shiba Inu and Dogwifhat, which are slowing down while utility tokens take the spotlight?
SHIB Price Double Bottom Formation: Reversal on the cards?
Shiba Inu (SHIB) has been among the worst-performing cryptos in the last few months. On December 8th, the SHIB price reached a high of $0.00003343, pushing its market cap to $19.40 billion. However, since then, it has declined by over 50% and is currently trading at $0.00001563. The SHIB price daily chart analysis shows that it has formed a double bottom reversal pattern, but the second bottom has yet to form fully.
If Shiba Inu completes the pattern and breaks the neckline, a reversal could be initiated. However, the biggest hurdle for the SHIB price is a trendline resistance at $0.000016. The next two major resistances for Shiba Inu are $0.000017 and $0.00001950, while the support on the downside for SHIB price are $0.00001480 and $0.000013.
Crypto analyst Ali Martinez says that whale transactions over $1 million have considerably decreased, pushing the SHIB price lower. He added that the Shiba Inu whale activity has declined by 79% over the past three months.
Dogwifhat At Risk of New All-Time Low
According to Coinmarketcap, Dogwifhat’s price is trading above the listing price of $0.00001502, and the extreme bearish pressure makes it prone to forming a new all-time low. It has dropped 84% from the recent peak, dropping below the $1 psychological mark. During intraday trading, Dogwifhat faces pressure from trading below the 50-day SMA. The short-term trend remains bearish, and a negative RSI divergence has formed after reaching overbought levels, signaling further downside risk.
As of February 23, 2025, Dogwifhat has a market cap of about $670 million and trades in the $0.729 to $0.576 weekly range. The price could rebound and retest the $1 strong resistance and 50-period moving average at $1.13, a 63% increase from current levels. However, a strong move remains highly unlikely.
DTX Exchange Presale Stuns Experts With Incredible Performance
The token presale of DTX Exchange has continued the milestone series by reaching $15 million in the ongoing presale. This proves that this is not just an ordinary project; it’s something entirely different that could disrupt a big industry. DTX Exchange is introducing a platform that is bridging the gap between traditional and digital finance.
The platform enables traders to access both the DeFi and TradFi markets by allowing them to trade over 120,000 financial assets, such as crypto, stocks, forex, derivatives, ETFs, bonds, and commodities. This puts DTX in the heart of the $90 trillion global trading market, which is why it has already had over 1 million registrations pre-launch.
Since its initial release, the DTX token has exploded by 800% in presale, and more is expected after going live on popular exchanges like Binance. In the bonus round, tokens are priced at just $0.18 each. Experts project a 100x upswing as the DTX Exchange proceeds with its further ecosystem launch, potentially overtaking most top coins like Shiba Inu and Dogwifhat.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Buy Presale
Visit DTX Website
Join The DTX Community
