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The crypto market is in a turbulent phase as the US and Chinese governments have engaged in a tariff war after Trump’s new isolation policies. According to Min Jung, the crypto sector is under high pressure. Risky assets like Dogecoin face major sell-offs while the Cardano price also faces a bearish setup on the intraday chart.
Meanwhile, an ADA rival is emerging as a top investor favorite, ready to display a ground-breaking rally and beat the Cardano price potential after the Plomin upgrade. This ADA rival has also attracted much capital from Dogecoin traders as risky crypto assets are likely to get hit by a major bearish wave amid the ongoing global crisis.
Cardano Price Shows Bearish Setup as ADA Traders Migrate
Cardano (ADA) has undergone major developments, especially securing the Plomin Hard Fork which led the network to high-scale decentralization by giving voting, upgrade, and treasury rights to its community. This has made the Cardano price defend the $0.75 support level despite the ongoing bearish market sentiment amid the ongoing US-China tariff war.
However, the Cardano price is yet to display a decisive breakout trajectory as whales have sold millions in ADA tokens since Trump’s inauguration. Moreover, the emergence of other high-end decentralized projects dampens the Cardano price prospects as investors see limited growth potential in ADA due to its outdated technologies and low trader activity.
Dogecoin Faces Outflows After Drop In Social Media Activity
According to Santiment, Dogecoin faces a notable drop in social media activity compared to December 2024 following the recent market crash. This has made DOGE holders shift investments as top experts have predicted a continued downtrend for the memecoin toward the $0.20 support level in the upcoming weeks.
Furthermore, the ongoing US and China conflict has also affected risky assets like Dogecoin, leading to a 4.1% drop in the last 24 hours. Many investors are selling their Dogecoin holdings on a large scale to navigate potential losses in a bearish market, shifting to other promising investment avenues for higher profits.
DTX Exchange (DTX) Gets Ready to Enter Top 20 After Q1 Listing
The ADA rival, DTX Exchange (DTX) has emerged as a standout player in the Defi space as its presale has crossed $13.7 million in batch 8. The DTX platform includes features like 1000x leverage, non-custodial wallets, and quant trading. Institutional investors and key industry players are taking notice of its strategic approach to bridging traditional finance with decentralized solutions.
The platform's hybrid model offers a seamless trading experience that enhances liquidity, security, and efficiency for trades by merging the best CEX and DEX features. By integrating a diverse range of assets including stocks, cryptos, forex, bonds, commodities, and CFDs, DTX provides an end-to-end ecosystem for traders to make maximum profits in volatile markets.
Further enhancing its appeal, DTX Exchange offers a community-driven framework with a 3% VIP rebate system, governance rights, and a revenue-sharing mechanism. Early Investors have the opportunity to acquire DTX tokens at $0.16 during batch 6 of the presale before it enters the top 20 after the anticipated 1,000% surge upon listing on major centralized exchanges once the price hits $0.20.
Key Takeaways
Cardano price faces a bearish setup despite the Plomin Hard Fork, as investor sentiment remains weak amid broader market uncertainty and whale sell-offs. Meanwhile, Dogecoin experiences outflows following a decline in social media activity, with many traders pivoting towards high-growth alternatives like DTX Exchange. DTX emerges as a strong ADA rival, setting the stage for high growth after exchange listings this year.
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