According to Dune Analytics, the total volume for decentralized exchanges (DEXs) hit an all-time high of $668 million last month.
Analysts believe that such noticeable growth in trading volume may indicate that the public has finally started to take decentralized exchanges seriously.
To date, in the field of decentralized exchanges, the leading positions are occupied by the 0x, dYdX, Uniswap and KyberSwap platforms. On each of these exchanges, the trading volume over the past day exceeded $1 million.
Technical analysis of Bitcoin (BTC):
Over the past day, the price of bitcoin grew to the resistance level of $6,600, then it dropped to the support level of $6,170. Now, the price of bitcoin is $6,700. In the future, we predict an uptrend. The nearest resistance levels are $7,100, $7,300, $7,660, $8,000, $8,020, $8,140. The nearest support levels are $6,600, $6,300, $6,000, $5,780, $5,450, $5,000, $4,840, $4,440, $3,900, $3,700.
Technical analysis of Ethereum (ETH):
Over the past day, the price of ethereum fell to the support level of $129. Then it rose again to the resistance level of $137. Now, price of ethereum is $138. In the future, we predict an increase. The nearest resistance levels are $140, $143, $152, $161, $170. The nearest support levels are $137, $133, $130, $127, $120, $115, $110, $99, $88.
Technical analysis of Ripple (XRP):
Over the past day, the price of ripple fell to the support level of $0.1680. Then it rose to the resistance level of $0.1780. Now, the price of ripple is $0.1770. In the future, we predict an increase. The nearest resistance levels are $0.18, $0.1850, $0.1980, $0.2050. The nearest support levels are $0.1750, $0.1680, $0.1570, $0.1520, $0.1420, $0.1370, $0.1280.
