Shiba Inu price rose above key resistance at $0.00003030 last week. Despite this increase, SHIB is still trading 60% below its ATH. The strength of the Shiba Inu price is clearly visible; However, reaching the ATH may take some time. Due to the recent consolidation in memecoins, investors are switching to high-strength altcoins like DTX Exchange.
Memecoins and Wall Street investors are now focusing on the first-ever hybrid exchange, DTX Exchange (DTX), which aims to revolutionize the trading industry. The DTX token is currently trading at $0.12 and a target of $10 presents a huge opportunity.
Shiba Inu price struggles with local resistance
Shiba Inu price broke out of the weekly consolidation on December 1st; Since then things have gone sideways. The $0.000033 level was a key local resistance for Shiba Inu price and faced sustained rejection. If SHIB breaks this local resistance, the 2024 high is the next potential target.
The Moving Average Convergence Divergence (MACD) technical indicator shows an uptrend as the moving average lines are above the baseline. However, if the correction in Shiba Inu price continues, a bearish crossover may occur.
In recent developments at SHIB, Shibariumscan, the scaling solution for Shiba Inu (SHIB), shows over 2 million wallet addresses registered on-chain. The Shiba Inu price surge was fueled by the destruction of over 3 billion SHIB tokens last week. SHIB continues to thrive as the second-largest memecoin, benefiting from the hype generated by Elon Musk’s continued promotion of the DOGE narrative.
Solid Opportunity – DTX Exchange Launching Soon!
DTX Exchange (DTX) is emerging as the most powerful player in the DeFi industry. With a unique trading infrastructure and a combination of blockchain and AI, DTX Exchange has attracted global traders for pre-sales. In the sixth phase of the presale, DTX Exchange raised $9.95 million with over 50% of the tokens sold.
With the first-ever hybrid technology, DTX Exchange is poised to flip the rankings in the exchange space and give tough competition to established names like Binance and Robinhood. DTX’s hybrid model combines the features of CEX and DEX, which helps increase traders’ growth and scale the platform on a global scale.
The DTX trading platform allows traders to access over 120,000 assets and features such as 1,000x leverage, VulcanX blockchain, and KYC-free registration. For user safety, the exchange provides a Phoenix wallet, which is considered one of the safest wallets with cold storage functionality.
The DTX ecosystem takes a community-centric approach that allows community members to generate passive income through various models. As Wall Street analysts predicted, the current undervalued price of $0.12 is extremely beneficial for investors as it can rise to $10. According to the forecast, DTX Exchange offers an 8,233% chance of winning from current levels. $100 invested could be worth $8,233 when DTX Exchange sets the target.
Learn more:
Buy in advance
Visit the DTX website
Join the DTX community