The memecoin sector has dropped dramatically in the last few weeks, especially after the Fed’s rate cut announcement. As traders rotate capital from risky cryptos to utility tokens for the next bullish leg, Dogecoin and PEPE face significant selling pressures, consolidating to lower support levels with bearish price predictions for January.
In this article, we’ll analyze the PEPE and DOGE price performance amid bearish market sentiment post-Christmas and how an emerging $0.12 utility token grabs the attention of Dogecoin traders.
PEPE Analysis Signals Rising Selling Activities After Wipeout
The PEPE price has retracted to its March levels as the panic sell and shifting focus from risky assets have significantly impacted its market position. At press time, PEPE retests the $0.000018 resistance level. However, low trading activity and bearish sentiment make it difficult for experts to consider this week’s breakout potential.
Source: TradingView
Furthermore, the technical outlook indicates a downside for the PEPE memecoin as moving averages and RSI value signals sellers’ domination. This trend leads to notable sell-offs for PEPE after Fed rate cuts, leaving meme traders in jeopardy as the memecoin is staged to drop below the $0.000016 support level in the worst-case scenario.
Dogecoin Traders Rotate Capital After DOGE Price Dipped to $0.31
Since Jerome Powell announced Fed policy for future rate cuts, the DOGE price has dipped heavily amid $1.2 billion in market liquidations. DOGE price finds critical support at the $0.31 level after dropping from $0.45, with a 19.5% drop in days. This has led Dogecoin traders to sell their holdings and book profits before market activity throws signs about the next bullish leg.
DOGE’s price is well-positioned to recover due to its association with Elon Musk, who has become a major part of Trump’s new administration. However, as the DOGE price is poised for continued decline, technical analysis hints at more promising buying zones for Dogecoin traders in the upcoming days. As its bullish potential lingers, Dogecoin traders accumulate other top utility tokens for bullish gains in January.
DTX Exchange Goes Viral After Stage 6 Ends With $10.6M Presale
DTX Exchange (DTX) has solidified its position as a leading force among emerging trading platforms following its remarkable performance in 2024. The project achieved a significant milestone by raising $10.6 million in Round 7 of its public presale with its innovative features designed to revolutionize traditional trading paradigms.
At the core of DTX Exchange’s appeal is its cutting-edge technology. The platform’s groundbreaking 1000x leverage feature allows traders to achieve higher market positions. Furthermore, its lightning-fast 0.04 TPS execution speeds enhance the automated trading experience, enabling users to navigate market volatility with advanced strategies.
Hybrid blockchain Layer-1 solutions ensure a fast and secure trading environment, complemented by no-KYC onboarding and non-custodial wallet options, providing users full control of their assets. As anticipation builds for the mainnet launch and the upcoming Binance listing, DTX tokens are projected to surge past $1 from the current presale price of $0.14.
Key Takeaways
Dogecoin traders re-evaluate their strategies amidst bearish trends by shifting their PEPE holdings to other utility tokens poised for bigger gains. While the DOGE price continues to face a downside due to the recent market wipeout. DTX Exchange emerges as a beacon of innovation and opportunity for life-changing gains. As DTX prepares for its Binance listing in 2025, it has become a viral low-priced opportunity for traders to enjoy lucrative gains in the next bullish leg.
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