- Symbol and DUSK crypto prices are hovering upon the bullish point of interest (POI).
- FLEX price is still suffering under the impact of a negative fall on Aug 29, 2023.
- Dusk holds the highest trading volume compared to the Symbol and FLEX in the current phase.
After January 2024, the global cryptocurrency market experienced a potential change in growth. The global crypto market economy has grown from $1.67 trillion to $2.37 trillion in just 2 months. This scenario reflects the upcoming future and growth indications for Web3 technology and digital assets.
Conversely, global cryptocurrency trading volume has also shown positive growth. Since Feb 2024, crypto investors and traders have become more vigilant about crypto projects, smart contracts, and Web3 technology. The global trading volume of crypto assets is one of the important indications of that.
Symbol Vs. Dusk and FLEX Comparison and Analysis
Symbol (XYM) is a decentralized blockchain platform forked by a pseudonymous team of cryptocurrency experts. The community behind Symbol intends to turn this into a world-leading omnichan platform that unites various blockchain networks.
Like many other cryptocurrencies, XYM crypto price experienced a positive approach from crypto bulls in October 2023. At that time, the crypto had a value of $0.0181, and as of March 5, 2024, Symbol crypto reflected almost 130% positive returns. However, the price fell down to the $0.0181 support on April 2, 2024.
On the other hand, Dusk has become the most prominent cryptocurrency among these two. The beautiful bullish trend, which started in Nov 2023, says all about the crypto price. DUSK price started its bullish journey from the $0.1262 demand zone and reflected over 440% positive returns till end Mar 2024.
Out of these two, FLEX crypto suffered the most drawbacks from investors. All three cryptocurrencies have close to similar market cap domination. However, the FLEX has the lowest trading volume, which reflects the current condition and investors’ interest in the crypto asset.
Symbol (XYM/USD) Technical Analysis
XYM price made a bullish move from the $0.0181 key support level. Afterward, the price faced resistance from the $0.0273 level. In recent sessions, multiple bullish candles have been formed from the $0.0221 level, which can lead to the breakout of the $0.0299 resistance. The technical indicators also suggest bullish signals in accordance with the current price.
Dusk (DUSK/USD) Technical Analysis
DUSK price faced strong resistance from the $0.6356 level and fell to the $0.3352 demand zone. The current price slipped between the 50-day and 200-day EMAs, indicating an uncertain trend in the current phase. The price can attain the $0.6921 mark if the price closes above the $0.5423 supply level.
FLEX (FLEX/USDC) Technical Analysis
The noticeable move happened in the FLEX crypto price on Aug 29, 2023. The price recorded over 75% decline in a single day, which totally shifted market sentiments into bearishness. Since then, the FLEX price has had minimal movements, describing the dump scheme of this cryptocurrency. The current price is trading at the $1.09 level. The direction and trend are uncertain because of the lack of movement.
Summary
Both the Symbol and DUSK cryptocurrencies are experiencing positive approaches from traders and investors. However, the DUSK crypto is surpassing them in terms of trading volume. Conversely, FLEX is suffering from the dump action that was taken on Aug 29, 2023. Finally, the DUSK crypto holds a higher probability of growth compared to XYM and FLEX. The FLEX crypto has the lowest hopes unless it gives a closing above the $6.19 mark.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto or stock comes with a risk of financial loss.