Dogecoin (DOGE) continues to hold investor attention as it battles key support levels near 0.40 USDT.
Meanwhile, an emerging cryptocurrency, Rexas Finance (RXS), has captured the spotlight with its recent presale success, raising 26.9 USDT and projecting massive growth potential, including a possible 18,400% surge in 2025.
Dogecoin struggles at key support amid market weakness
Dogecoin is currently trading at a value of 0.40USDT and it has reached the lower end of the uptrend channel that has been formed in recent days.
In November, Dogecoin made a significant increase of 160% over the past month and in December it hit the highest point of 0.4846 USDT.
Yet, a recent selloff knocked the crypto asset under the ascending trendline suggesting short-term reversal might be possible.
Analysts deem 0.35 USDT as a major buyers’ support level, adding that it coincides accurately with the 50% measure of the pullback from October lows of 0.10 USDT based on Fibonacci’s principles.
The price is turning tough to bear at 0.44 USDTand 0.48 USDT-0.50 USDT and if the bears manage to breach these levels it has 2021 all- all-time highest level of 0.70 USDT in sight.
However, impending bearish divergences in RSI and the breakdown of significant trendlines make some creditability to this view.
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Liquidation data further indicates market uncertainty, with 27 USDT in DOGE positions liquidated in the past 24 hours, 20 USDT million of which were longs.
Despite these challenges, Dogecoin’s performance in 2024 remains robust, boasting a 350% gain, nearly triple that of Bitcoin.
Rexas Finance gains attention as stage 9 of presale sells out
Rexas Finance (RXS) the new gem in the decentralized finance space, has managed to raise 26.9 USDT during its current presale.
Stage 9th of the presale was fully sold, and now the project is at stage 10, with tokens costing 0.15 USDT.
Rexas Finance has great interest from investors because it uses the blockchain system to proportion actual spares such as commodities and others like real estate.
This approach has been making much demand hence resulting in 338.8 million tokens sold by Rexas Finance.
The project is receiving massive attention for the prospects of combining traditional finance with blockchain technologies.
Rexas has also passed through an independent security audit by CertiK, and this is a way of enhancing the confidence of investors in the security of the platform.
RXS growth potential: analysts predict an 18,400% surge by 2025
Analysts believe that Rexas Finance will grow at an impressive rate in the market. At the present presale value of 0.15 USDT, there remains the potential for growth to as high as 40 USDT in 2025 which is 18,400%+ in potential growth.
This forecast stems from the fact that Rexas Finance can meet the ever-increasing demand for tokenized assets and supply liquidity in markets that were previously characterized by low market depth.
RXS Crypto Price Prediction: Here’s How Rexas Finance Could Reach USD 40!😍
Rexas Finance (RXS) is the rising star in the cryptocurrency market using the concept of real world asset (RWA) tokenization.
As the presale keeps climbing, many investors are keen to figure out what…
The uniqueness of this creation means that Rexas Finance is a market leader with its QuickMint Bot and Rexas Treasury which deals with tokenization assets.
As the project is launched and gains traction, the presale is close to reaching the 33.1USDT million mark, which offers investors very few chances to get involved.
Comparing Dogecoin and Rexas Finance
Though Dogecoin is now still a well-liked coin among crypto users, it currently shows little more price increase than the unprecedented rise of Rexas Finance.
While Dogecoin has succeeded in remaining in the spotlight with a 59 USDT billion market capitalization, it is running into important barriers it is proving difficult to surpass.
However, it can be noted that while theoretically promising even higher returns, Rexas Finance claims a lower point of entry, which has become an essential aspect for attracting investors who are not satisfied with traditional cryptocurrencies.
Due to its features and increasing presale popularity, RXS is becoming an interesting competitor in the developing cryptocurrency space.
Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
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