Dogecoin And Ethereum Stall As Bitcoin Gets Ready To Retest Major Resistance

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Dogecoin (DOGE) And Ethereum (ETH) Struggles To Maintain Momentum

Dogecoin (DOGE) price has experienced a significant decline, falling by 11% in the past week. According to top analysts, DOGE price trades at a critical support level around $0.09. Despite Dogecoin’s Relative Strength Index (RSI) and Chaikin Money Flow (CMF) showing some positives, the overall market sentiment remains cautious.

This recent decline has raised questions about the stability and longevity of Dogecoin (DOGE) as a top meme coin. Meanwhile, Ethereum’s daily chart reveals that after a prolonged bearish trend, the cryptocurrency briefly broke below the 200-day moving average at $3,081. However, Ethereum (ETH) found strong support at the substantial support region of $3,000, resulting in a notable bullish rebound.

Ethereum (ETH) price has climbed above the 200-day MA and continued surging toward the 100-day MA, indicating a potential bear trap and false breakout. Ethereum (ETH) has reached the 100-day MA of $3,142 and is on the verge of reclaiming it. Analysts project this as a bullish revival in the mid-term, with the next target being the $4000 yearly high.

ETFSwap (ETFS): DeFi Wonder Gaining Traction In Stagnant Crypto Market

With the broader market trading relatively flat, the ETFSwap (ETFS) platform is triggering interest in Bitcoin (BTC), Dogecoin (DOGE), and even Ethereum with its innovative solution for ETF trading and outstanding presale performance. Just a few weeks into its presale, the platform has sold over 380 million tokens, accumulated over $3 million in revenue, and gained over 15,000 active users.

ETFSwap (ETFS) aims to become a key player in the new-generation ETF market by offering permissionless access to all major institutionally listed ETF assets, pushing the boundaries of Web3. The platform, built on the ERC20 standard, is meticulously designed for user-friendliness. It facilitates the seamless conversion between ETFs and cryptocurrencies, providing a smooth interface for investors. ETFSwap (ETFS) ensures smart crypto investors hold tokens backed by partnerships with regulated, MiCa-compliant investment banks,

The increased adoption of leveraged and commodity ETFs has contributed to the growth of ETFSwap (ETFS). Its native cryptocurrency, ETFS, offers access to a wide range of high-liquidity real-world assets, including gold, oil, coal, and silver, providing a hedge against inflation. Furthermore, the platform’s leveraged offerings include financial derivatives, which have made ETFSwap (ETFS) a top choice among Bitcoin (BTC), Ethereum and Dogecoin (DOGE) holders.

In less than 30 days, ETFSwap (ETFS) will launch its beta platform, featuring an AI-powered ETF Screener and Tracker. These tools provide investors with accurate and comprehensive data analysis, enabling them to make informed and timely trade decisions. Additionally, ETFSwap (ETFS) has recently passed KYC verification by Solidproof, a reputable smart contract security auditing firm, further enhancing the platform’s credibility and security.

Bitcoin (BTC): Analyst Predicts Potential Price Retest

Bitcoin ETF inflows have been robust, with $422 million entering on July 16, the highest in over a month. Moreover, Bitcoin (BTC) whale wallets have accumulated 1.45 million Bitcoin (BTC) tokens in 2024, bringing the total to 1.8 million Bitcoin (BTC) tokens. Due to these developments, market sentiment is mixed, with analysts predicting potential outcomes for Bitcoin (BTC).

Altcoin Sherpa, for instance, outlines three potential Bitcoin (BTC) scenarios: a drop to $63,000 or $60,000 followed by a rebound, a more prolonged decline to $60,000, or a breakout to $70,000. Rekt Capital, on the other hand, emphasizes support and retest levels, predicting a potential return of Bitcoin (BTC) to the $65,000 – $71,500 range.

Conclusion

ETFSwap (ETFS) has emerged as a potential alternative to the declining Bitcoin, Dogecoin, and Ethereum, promising up to 40,000% profits. Take advantage of what analysts have dubbed the most profitable investment of the century. Purchase the ETFS token at the affordable price of $0.01831, or even cheaper with the discount code “ETFS20,” before the token rises in price.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

*This article was paid for. Cryptonomist did not write the article or test the platform.

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