Bearish Trends Dominate BNB & Toncoin Price Forecast While DTX Exchange Stays Top ICO of 2024

The market bulls have turned the situation upside down for BNB and TON as they shift their massive capital to other established altcoin projects. The Toncoin price has also felt the impact of this high-volume outflow after investors moved to this emerging deFi platform. DTX Exchange’s powerful presale rally has outshined BNB and TON with its grand success.

BNB Price Dips By 8.6% In One Week

Trading at $552 right now, BNB has dropped by 8.6% over the last seven days. This bearish sentiment surrounding the BNB network signals a downturn for the altcoin. This recent price movement suggests potential bearish momentum building up in the network, with technical indicators pointing to further potential downside in the coming weeks.

With the network’s price dropping, BNB is facing crucial support and resistance levels. BNB is currently hovering near important price points that might stabilize the continuous decline or lead to more heavy losses. Following the bearish narrative about the coin, investors are exploring other projects and selling assets, causing increased selling pressure for BNB.

Analysts fail to comprehend the reason behind BNB’s extended downturn. Instead of a downtrend, the platform anticipated a potential breakout following Changpeng Zhao’s release from prison. Nonetheless, this news couldn’t move a needle on BNB’s weekly price performance. Investors grow more skeptical about BNB after it failed to recover in the last 7 days.

Toncoin Price Fluctuation Rollercoaster Continues

Trading at $5.36 as of October 4, the Toncoin price has declined by 8.3% within one week. TON’s price is currently hovering between $5.49 and $6.16, the reason being the constant surge and decline in its price in the last seven days. The investor sentiment around the TON network isn’t very supportive as the Toncoin price is failing to sustain itself at one stable point.

The Toncoin price has struggled to pass the nearest $6.49 resistance level, showing signs of a potential comeback for the TON network. TON’s technical indicators, like the 32.10 Relative Strength Index, show it is currently in the underbought zone, suggesting a possible rebound potential for the Toncoin price and further recovery in the near term.

While it may be close to a potential breakout, the Toncoin price’s continuous minor monthly declines and a six-month downtrend of over 2% are making investors cautious about investing in TON. However, if the Toncoin price breaks through the $6.49 resistance, it might move towards $7.16, posting a potential 15% surge in its overall trading value.

DTX Exchange (DTX) Claims Position As The Top ICO of 2024

DTX Exchange (DTX) has entered the speculative crypto market as the next-gen AI-crypto trading platform that has drawn investors from TON and BNB, outshining these established projects with its mind-blowing presale rally. The platform infuses advanced blockchain technology to deliver investors and retail traders a unique crypto trading experience.

The DTX Exchange incorporates an on-chain order book that maintains a clear record of all buying and selling orders. This process ensures that the trading process is crystal clear, open, and verifiable by all participants present on the platform. The network deploys these features to build a strong and secure crypto trading platform with no room for loopholes.

DTX Exchange’s All-In-One DTX Wallet Sparks Excitement

The DTX Exchange’s grand debut in the crypto market has given it the support it needed. With its success leading the market sentiment right now, DTX Exchange is all set to launch its own DTX wallet.’ This all-in-one DTX wallet will help users secure their assets and data with state-of-the-art security protocols and measures in place.

Along with the DTX wallet, the platform plans to launch a wide range of products to enhance the crypto trading experience among investors and retail traders. That being said, DTX Exchange’s ongoing presale has already completed 77.4% of its total milestone, with only a few days left before it ends. Seize the opportunity while you can; join now!

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