Whales Sell 100M Cardano As Ripple Forms Bearish Pattern, Investors Diversify To This New Coin

The Cardano price recently took a nosedive after whales dumped a massive 100 million ADA, sparking worries about a possible downtrend. At the same time, Ripple has formed a head and shoulders pattern, supporting a downtrend to $1. Such a potential drop has pushed investors to hunt for more promising altcoins.

This is why a lot of attention has been drawn to DTX Exchange (DTX). The DeFi token is grabbing the spotlight with its groundbreaking hybrid trading model and innovative trading solutions. With over 800% ROI given to early investors, the value of DTX is expected to surge by 2x upon launch.

Ripple (XRP) Forming Head and Shoulder Pattern

According to Ali Martinez, one of the top analysts in the market, the Ripple price could see a massive downside in the next few days. He told his followers there is a potential head and shoulders pattern on the weekly Ripple price chart. If the $2 support fails to hold, the Ripple price might drop to $1.25 in the coming days.

On the other hand, a top analyst called Javon Marks notes the Ripple price could be up for a 470% surge. In a recent tweet, Javon noted the cryptocurrency’s RSI momentum has broken out again. The last time this happened, the Ripple price pumped by about 470%.

Such a rally might push the Ripple price to a new peak of $13 from current levels. At the moment, the Ripple price has increased by 9.8% in the weekly timeframe. The altcoin has been on an uptrend in the past week before it dropped to $2.3, after meeting resistance at $2.46. Despite the minor correction, the Ripple price is still in gains.

Cardano (ADA) Whales Dumps 100M ADA

The Cardano price is currently consolidating within a narrow range as the rest of the market sees a little uptick. CoinMarketCap data indicates the Cardano price has been trading between $0.6 and $0.7 in the past week. The DeFi coin has been battling to reclaim the $1 after losing the region on March 5.

However, high selling pressure has stopped bulls from forcing an uptrend. Data from Santiment reveals that over 100 million ADA was sold in the past week. Because of the recent market-wide drop, the Cardano price has fallen by 3.4% and 9.2% on the weekly and monthly timeframes.

Looking ahead, Crypto Diplomat is optimistic that the Cardano price could rise by 10% to $0.85 if it closes above $0.76. However, the analyst told investors to watch out for a strong resistance around 200-EMA ($0.83). Crossing this level is crucial for a Cardano price uptrend. The approval of a Cardano ETF could start this uptrend.

DTX Exchange (DTX) is the Next Big Thing in the DeFi Space

With the Cardano price falling on the charts, DTX Exchange (DTX) has become the best option for investors seeking to tap into the DeFi market. DTX Exchange is a relatively young platform that unites TradFi and DeFi services. One major component of DTX Exchange is the multi-asset trading feature which gives users access to various asset classes.

DTX Exchange offers more than 120,000 classes including cryptocurrencies, stocks, stock indices, and foreign exchange. Additionally, DTX Exchange has a copy trading option that allows the users to follow the actions of the most successful traders from all over the world, which will be beneficial for newcomers. This is one way through which newbies can make some profits.

DTX Exchange is still in the presale stage and has raised over $16 million. It is currently trading at $0.18, and it has risen by 800% in the past few months. Given that DTX Exchange is yet to be launched, the ongoing crypto ICO is the best time to give up.

Why DTX Exchange is a Good Crypto To Buy

With the Cardano price trembling under selling pressure, DTX Exchange has emerged as one of the best cryptos to buy right now. Apart from the potential 2x gains that investors can get after launch, DTX also has a 3% rebate for active traders. DTX holders can also stake their coins to receive passive income, giving them lots of earnings opportunities.

Find out more information about DTX Exchange (DTX) by visiting the links below:

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