DeFi Altcoin Leads AVAX Demand After Sentiment Shift, ADA Rebounds From Key Resistance

The crypto market has seen retracement after the bearish swing, with coins like Cardano (ADA) and Avalanche (AVAX) retracing to the key resistance level. Despite the retracement, demand has shifted from both coins to a new entrant.

DTX Exchange is the first hybrid exchange with centralized and decentralized exchange. Experts have predicted the DTX Exchange will be a major coin like Cardano and Avalanche.

Swiss Government Launches Avalanche (AVAX) Trading

PostFinance has recently expanded its cryptocurrency offerings. The bank now allows trading of Ripple (XRP), Solana (SOL), Avalanche (AVAX), Cardano (ADA), and Polkadot (DOT). This move is part of PostFinance’s ongoing strategy to incorporate digital assets into its services and cater to the growing demand for these blockchain platforms.

The addition of Avalanche (AVAX) to PostFinance’s crypto offerings reflects the increasing interest in and development of these blockchain technologies. 

Switzerland has been a pioneer in crypto adoption. The Swiss government and financial institutions have enthusiastically embraced digital assets, fostering a thriving environment for blockchain innovation. This is good news for the Avalanche (AVAX) community.

Cardano (ADA) Retracing Back to $0.40 Level

Cardano (ADA) is showing strong price action. After breaking the $0.40 in mid-June, ADA decreased around 15%, and now the price is retracing back to the same support area, which is now the resistance to the price.

The good news is that Cardano is staying well above the short-term key moving averages, indicating strength in the price. However, it is still below the 50-day moving average, which is a strong indicator of short-term price movements. 

ADA experienced a death cross in May, but this could be reversed with enough bullish momentum. ADA’s price is below the 50-day and 200-day simple moving averages, but this might change soon.

New DeFi DTX Exchange Leading the Crypto Space

Due to its strong fundamentals and utility, market analysts have predicted that DTX Exchange will be the next Cardano (ADA) and Avalanche (AVAX). Whales see DTX as having immense growth potential.

DTX Exchange (DTX) allows users to trade contracts for differences (CFDs), stocks, forex, and cryptocurrencies. Its cutting-edge infrastructure and unique trading features offer unmatched opportunities. As the first major exchange to provide 1000X leverage, DTX is setting new standards. It also eliminates KYC requirements.

The platform’s community-centric approach helps traders maximize their investments. DTX community members are well-positioned to seize market opportunities, especially with the $0.04 presale price.

The platform raised over $800,000 within a few of stage 2 of its presale. In the upcoming DTX presale stage, the token price will rise to $0.06. Experts believe DTX has a 100X potential.

Click here to learn more about the presale.

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CryptoNewsZ PR Desk

CryptoNewsZ PR Desk, a source of press releases for crypto presales, blockchain, cryptocurrency and everything about web3.

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