Cardano Forms Cup-and-handle Pattern As Whales Accumulate Ethereum And This DeFi Coin

As the crypto market prepares for the next wave of movement, experienced traders pay attention to Cardano (ADA). The altcoin is about to complete a cup-and-handle formation, a bullish signal. But while the ADA price is expected to go up, whales are showing interest in Ethereum (ETH) and a new DeFi coin called DTX Exchange.

Currently, in the crypto ICO phase, its value has risen by 700%. The DeFi platform has onboarded over 6000k users and could be the dark horse of the year. Its price is expected to soar by 10x in the next few months.

Analyst Forecasts Cardano (ADA) To Hit $2

Over the past few days, there has been a massive surge in positive interest for the Cardano coin. This positive trend comes after Grayscale filed the first Cardano ETF application. Analysts like AMCryptoAlex believe this positive momentum could push the ADA price to a new level.

Presently, there is a potential cup and handle formation on the ADA price chart. The analyst says the ADA price has to break past the trendline at the $1.15 region. In the case of a breakout, AMCryptoAlex forecasts the ADA price could pump to $2 in the long term.

Another analyst known as Lucky says the ADA price might pump to $1.8 in the next few days. Also, Kyren posted a bullish ADA price prediction. The expert says the value of the Cardano coin could pump to $4. In the meantime, the ADA price is trading along the $0.7 region. Its value has risen by 2.9% on the weekly level.

Ethereum (ETH) Whales Accumulate 1M ETH

Data from Santiment reveals there has been a massive offloading of 1 million Ethereum coins from exchanges in the past week. This massive withdrawal shows that there has been a fall in selling pressure, a move that could push the Ethereum price to a new peak. At the moment, the Ethereum price continues to trade below the $3k level.

Price information from CoinMarketCap shows the Ethereum price has dropped by 4.7% and 17.7% on the weekly and monthly timeframes. Meanwhile, the Ethereum price downtrend is also reflected in the technical indicators. The relative strength index is below average which means that bulls are in charge.

Nevertheless, the ongoing accumulation could push the Ethereum price to a new level soon. Donald Trump has even bought $5 million worth of ETH, with many suggesting that the Ethereum price will rise as a result. Ted forecasts the Ethereum price might rally to $10k before the end of the year. According to him, the altcoin is among the few that have a high-risk reward ratio.

DTX Exchange (DTX) Hybrid Approach Leads To Presale Success

DTX Exchange ( DTX) is making a great impact in the crypto trading sector with its unique trading platform that combines DeFi and CeFi. This approach has received a lot of attention during its presale stage. DTX Exchange has received more than $13.8 million and has more than 600,000 users.

One of the significant aspects of DTX Exchange is that it offers multi-asset trading, and it offers access to more than 120,000 instruments. This wide range of products allows traders to invest in different types of assets at once, all in one place. Most notably, DTX Exchange is anonymously operated as it does not follow the KYC (Know Your Customer) policy.

This appeals to private investors who prefer to keep their financial dealings private. It also provides up to 1000:1 leverage that enables the traders to increase their market exposure and possibly increase their profits. This high-leverage option will be useful for both beginners and experienced traders who want to get the most out of their trading.

Top Altcoins With Potential for Growth

Cardano (ADA) is showing bullish signs while whales are piling up Ethereum and DTX Exchange. Despite being a new coin, DTX Exchange is a new-generation platform that provides high liquidity, a broad list of trading asset classes, and advanced trading instruments. While DTX Exchange is still at the beginning stage, its features and low market cap make it a good cryptocurrency to buy for profit.

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

Buy Presale

Visit DTX Website

Join The DTX Community