Bears have taken complete control of the price movements of meme coins, putting an end to the meme coin hype for this session. A visible decrease in the global market cap of meme coins is seen as the total cap stands at $2.24T representing a 0.5% decline.
The trading volume has decreased by 3% simultaneously, standing at $55.2 Billion. PEPE has registered a downtrend with a massive decrease in the trading volume. FLOKI also exhibits a bearish takeover, with the technical indicators hinting towards neutral zones.
Analysts suggest investing in DTX Exchange, which has become one of the top altcoins after the beginning of testnet. The presence of a parallel blockchain network that developers use to test new features, upgrades, or smart contracts without risking the main cryptocurrency network has made DTX a competitor of SOL and ETH!
PEPE Down By 24%: Bears Expected To Drag Price Further
The bearish takeover of PEPE is eminent by the price movements of the meme coin. The visible decline of 24% in the PEPE price on the monthly charts suggests that bears have taken complete control.
The meme coin is priced at $0.05885 at present, with an intra-day decline of about 3%. PEPE’s trading volume is also exhibiting a stark decline of 32% on the intra-day charts. This price decline has testified to the control of bears, and the end of the hype surrounding the meme coins.
PEPE was priced at $0.00001288 in the previous month. As the bears took control of the price, it started tumbling down with a dominant red candle ruling the monthly charts. Analysts predict further declines.
FLOKI Price Declines: Bears Take Complete Charge!
Analyzing the monthly price chart, FLOKI is considerably down by 26.92% and started trading at $0.0001864. It has dived to the low of $0.0001024. Over the past week, the meme coin has been struggling to recover from the monthly dip, noting a surge of over 18%, and hitting a weekly high of $0.0001434.
Examining the technical indicators, the price chart of FLOKI displays the short-term 9-day Moving Average currently positioned at $0.00012256 and the long-term 21-day MA is at $0.00012264. Whereas, the Relative Strength Index (RSI) stands at 52.23, suggesting a neutral market sentiment.
The Volume Oscillator of FLOKI is slightly negative at -6.43%, suggesting a decrease in trading volume, which could hint at a weakening momentum. FLOKI is trading at $0.0001532 as of press time, representing a 2.5% increase over the last 24 hours, with a 4% decline in the 24-hour trading volume.
DTX Exchange’s Meteoric Rise Lights Up DeFi Space
DTX Exchange is an emerging trading platform making news with its hybrid trading methodology. The perfect blend of the best features of CEX and DCEX has made DTX Exchange untouchable in the DeFi space. The AI-powered DTX token has become a global star as the presale soars.
The platform is known for its remarkable features of 1000x leverage and distributed liquidity pools. DTX grabs the analysts’ attention as a potential beneficiary of this liquidity surge. The platform has been garnering seasonal as well as institutional investors due to its low investment cost of $0.04.
The DTX testnet allows developers to experiment, identify bugs, and ensure the smooth functioning of their code before deploying it on the actual blockchain. This plays a vital role in the development and maintenance of various cryptocurrencies, making DTX an Ethereum-Killer!
DTX token is poised to provide explosive returns of up to 50x, as the presale progresses. The platform has readily raised an astonishing amount of $1.6 Million on 89% completion of presale stage 2. Market experts suggest investing in the token before it surges in the upcoming stages.
Leading the list of revolutionizing DeFi tokens, DTX Exchange (DTX) has emerged with more potential, especially due to its testnet. The early investors are already witnessing 100x ROI with the presale stage 2 raise. DTX Token is also anticipated to transform the $10 billion global trading market.
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