The first market correction of the year has hit hard as major altcoins struggle to hold their levels. Cardano (ADA) is one significant player that has faced a bearish sell-off. In the last seven days, the Cardano price has dropped 14.66% as investors continue diversifying into high-strength altcoins.
DTX Exchange (DTX) has attracted significant attention from the Cardano millionaire who made $11 million from the last ADA rally. Investors have praised the DTX ecosystem because of the VIP rebate program, which offers an opportunity to create passive income streams. Due to its exceptional offering, presale demand has skyrocketed, and the project expects a massive listing by mid-2025.
Bearish Pressure Increases: Will The Cardano Price Break Crucial Support?
Following its recent rally, during which the Cardano price gained over 300% within a month, demand for ADA declined, leading to a loss in upward momentum. Due to this reduced momentum, the Cardano price failed to break above the $1.25 resistance level. ADA entered a downtrend with which it plunged to the $0.835 price level.
The Cardano price recovered 30% within three days at the start of 2025 but reversed again from $1.12. ADA has now dropped below the 50-day SMA and trades at $0.9232. The Cardano price has plunged over 7.5% in the last 24 hours but is currently supported by an inclining lower trendline.
Due to ADA’s increasing bearish momentum today, the MACD oscillator has dropped below the zero line. Despite this, the Cardano price has remained above the support trendline. However, if ADA drops below this support, it may correct the 100-day SMA line.
Cardano (ADA) and FC Barcelona Partnership
The Cardano Foundation has recently entered into a partnership with FC Barcelona, coinciding with the club’s overall plan of “Barça Vision.” The basis for the partnership is their mutual desire to be actively involved in the community and lead governance by decentralized means. Rewards for fans and contributors in the form of NFTs and ADA tokens help create a win-win relationship between the club and its supporters. Capitalizing on blockchain technology, this rewards scheme will change the way fans engage with the club, serving as a forerunner of the fan experience of the future.
DTX Exchange (DTX) introduces the first passive income model.
DTX Exchange is a creatively designed platform that focuses on a hybrid trading model and community engagement. It is launching a comprehensive earning model for community members to generate consistent profit. By holding DTX tokens, users can earn up to a 3% share of the exchange’s fee revenue; this way, investors can benefit from DTX’s operation. Additionally, the staking mechanism allows users to earn high annual percentage yields (APY).
DTX Exchange is securing its place in the multibillion-dollar trading industry with the first-ever hybrid protocol that combines traditional finance with digital finance. Under a single roof, the platform offers access to over 100,000 financial assets, including equity, cryptos, forex RWAs, and ETFs.
DTX Exchange aims to provide an efficient and secure trading platform that will help traders become profitable. To protect users from hiccups, it has launched a non-custodial wallet with security features like cold storage and 2FA.
The project’s presale, which has raised $11.65 million in less than three months since launch, exemplifies its outstanding performance. We are currently in stage seven of the presale, selling each DTX token at a discounted price of $0.14. Experts believe that the DTX token could surge massive after the tier-1 exchange listing.
Conclusion
While the Cardano price struggles to find a bottom, DTX Exchange is leading the way. DTX’s impressive growth and ecosystem development have led many institutional investors to participate in the token ICO. We expect the listing rally to push the price to double digits, while the presale provides investors with an opportunity to multiply their investments.
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