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Bitcoin’s recent rejection at $70,000 has created a negative market sentiment, affecting even top names like Dogecoin (DOGE). Following its rejection at the $0.09149 mark, Dogecoin price is now pushing toward a key trendline. However, it’s not all bearish news. Despite the downward trend affecting Dogecoin and other cryptocurrencies, ETFSwap (ETFS), a new DeFi token, is defying expectations and gaining traction. Currently, in stage 4 of its presale, this Bitcoin rival has already seen its price increase by 200%.
Dogecoin (DOGE) Faces A Critical Juncture After Rejection At $0.09149
Bitcoin’s failure to break above the $70,000 resistance has led to a pullback, with the cryptocurrency trading around $68,000 at the time of writing. Following this Bitcoin rejection, Dogecoin also faced major rejection at $0.09149. On the 4-hour chart, the token has gained momentum, recently surpassing the 100-day Simple Moving Average (SMA) and approaching a bearish trendline.
This price action indicates increasing positive pressure and market sentiment, suggesting a potential breakout if the trendline is breached. Consequently, on the 1-day chart, Dogecoin (DOGE) is exhibiting upward momentum as it aims to break above the bearish trendline and approach the 100-day SMA.
If Dogecoin can break through and maintain its position above this trendline, it may signal a bullish continuation, potentially leading to price targets around $0.1293. A successful breach of this level could open the door for further increases, with the price possibly testing the $0.1491 mark and exploring even higher resistance zones.
Conversely, if Dogecoin (DOGE) fails to hold above this level, it may drop to the $0.09149 support range. A break below this support could lead to additional declines, with the price potentially testing the $0.07456 mark and other lower support levels.
ETFSwap (ETFS): A Winning Formula In A Bearish Market
Despite the prevailing bearish market sentiment driven by Bitcoin, ETFSwap (ETFS) is emerging as a successful strategy, offering investors the potential to earn passive income even with a modest portfolio. As an innovative DeFi token, ETFSwap (ETFS) bridges the gap between institutional markets and decentralized protocols, enabling seamless investment in tokenized institutional exchange-traded funds (ETFs) and cryptocurrencies.
This is a game-changer for both seasoned investors and newcomers, as the platform provides a one-stop shop for diversified assets, including Spot Ethereum ETFs, Bitcoin ETFs, and more. Leveraging the power of blockchain technology, the ETFSwap platform enhances trading through features like consensus mechanisms, data immutability, peer-to-peer (P2P) transactions, 24/7 access, on-chain data, and increased efficiency.
These components work together to significantly improve the overall trading experience for investors. The platform also empowers investors with advanced features such as real-time market data and customizable trading strategies tailored to individual investment goals to enhance their trading experience. Another key feature of the ETFSwap (ETFS) platform is its strong emphasis on security and privacy.
The platform utilizes advanced zero-knowledge (ZK) proof technology to ensure that transactions remain safe and confidential. Furthermore, the platforms team has undergone a successful KYC verification with SolidProof. This verification adds an extra layer of confidence for investors in the legitimacy of the project. Currently, in the final stage of its presale and selling at an affordable $0.03846 per token, the ETFSwap (ETFS) presale offers an increasingly attractive investment opportunity, especially with a potential bull run on the horizon.
Why Should You Invest In ETFSwap (ETFS) Now When Dogecoin Is Bearish?
As Dogecoin (DOGE) tests a critical support level following Bitcoin’s recent rejection, investors are seeking new promising opportunities in leading presale projects like ETFSwap (ETFS). With a vast revenue of over $4.5 million already accumulated and a high profit potential, now is the ideal time for investors to participate in the ETFS token presale. By investing at the current price of $0.03846, investors can position themselves ahead of the anticipated price surge of over 1,000% when the platform launches.
For more information about the ETFS Presale:
*This article was paid for. Cryptonomist did not write the article or test the platform.
