"DOGE & PEPE's Wild Ride: Gains, Losses, & A New Contender"

Dogecoin (DOGE) and PEPE, two prominent meme coins, have been experiencing significant price movements in recent months. While DOGE has shown remarkable gains in October and November 2022, rising nearly 300%, it has since been trading sideways and has corrected by 46% from its previous high. Currently, DOGE is trading at $0.26, with $0.25 being a crucial threshold for further downside.

Technical analysis indicates that DOGE is trading within a channel-down formation, with a lower support trendline at $0.248 and an upper resistance trendline at $0.29. During the weekly timeframe, DOGE retested the April high, which served as a strong demand zone. A bounce above the immediate resistance of $0.29 could potentially push DOGE into bullish territory and trigger a reversal bull run.

Meanwhile, PEPE has experienced a significant price drop, losing over 21% in the weekly charts. This decline has resulted in over $20 million in liquidations from leveraged positions. PEPE briefly broke the $0.000008 important support level but has since recovered slightly, trading above the $0.000010 support level. Despite this bounce, bearish pressure remains strong, with negative funding rates and on-chain data suggesting further downside risks. The chart indicates a lower support level of $0.0000095, but PEPE has already breached several long-term important support thresholds, which may result in a further downtrend unless the price manages to break the $0.000013 level of Fibonacci resistance.

Amidst the volatility of memecoins like DOGE and PEPE, utility altcoins such as DTX Exchange have demonstrated resilience. The DTX token, currently trading at $0.16 in the final stage of its presale, has risen by 700% from the first stage. The demand for DTX has skyrocketed in the final stage, with whales and institutions continuously investing in the token. Analysts believe that DTX Exchange could lead the trading sector, valued at over $100 trillion, due to its innovative approach and unique business model. The DTX platform allows users to access over 120,000 asset classes, including