Ethereum

Resistance

Optimism

Polygon

Coin

<ul class="list-ic vertical">
 <li><span>1</span> <a>dHEDGE uses blockchain technology to create a permissionless protocol.</a></li>
 <li><span>2</span> <a>The asset management protocol operates vaults across the Polygon and Optimism blockchain.</a></li>
 <li><span>3</span> <a>The bears will be active on the resistance levels of $0.137 and $0.159.</a></li>
</ul>
<p>dHEDGE is a non-custodial asset management protocol that is decentralized and built on Optimism and Polygon, which are Layer-2 scaling solutions built on Ethereum. The protocol enables individuals to allocate funds to asset managers in a censorship-resistant and non-custodial manner.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-the-technology-and-working-of-dhedge-strong"><strong>The Technology and Working of dHEDGE</strong></h2>
<p>dHEDGE uses blockchain technology to create a permissionless protocol that allows individuals to retain full ownership over their assets. They also, at the same time benefit from the expertise of asset managers. Users can easily connect any ERC-20 compatible wallet to the dHEDGE app (dApp) to buy, store, and sell trust-minimized vault tokens at any time without lock-ups.</p>
<p>One of the key benefits of the dHEDGE protocol is its transparency. The Ethereum Virtual Machine blockchain records every vault’s trades, deposits, withdrawals, and vault treasury as immutable transactions. Users can easily track all of the transactions in a trust-minimized vault by viewing their vault’s contract address on the blockchain.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-non-custodial-behavior-and-operation-strong"><strong>Non-Custodial Behavior and Operation</strong></h3>
<p>dHEDGE is non-custodial, meaning that users retain ownership over their funds, and asset managers cannot run away with individuals’ funds. The protocol is also decentralized, aiming to create a permissionless, immutable, and safe environment for investors and asset managers. All transactions are verifiable and recorded on the blockchain as transparent and immutable transactions.</p>
<p>dHEDGE operates vaults across the Polygon and Optimism blockchains. Managers can easily create a vault through the dHEDGE app and each vault is created as its contract. Vaults operating on each chain are restricted to trading and depositing specific whitelisted assets, along with certain eligible whitelisted protocols. This means that each type of vault may operate differently and have different exchanges, protocols, or assets available for managers to utilize. Individuals may invest in any of the vaults as long as they are properly connected to the associated network via their wallets.</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-dht-coin-price-strong"><strong>Technical Analysis and Prediction of DHT Coin Price&nbsp;</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="764" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-207.png" alt="DHT Coin Price in Downtrend Since 8 Months, What is Ahead Now?" class="wp-image-183487" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-207.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-207-300x143.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-207-1024x489.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-207-768x367.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-207-1536x733.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-207-750x358.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-207-1140x544.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   DHT/USDT chart by <a href="https://www.tradingview.com/chart/X78t0Vyp/?symbol=COINEX%3ADHTUSDT" rel="noopener noreferrer nofollow">TradingView</a> (Daily time frame)
  </figcaption>
 </figure>
</div>
<p>The present trading price for the DHT <a href="https://www.thecoinrepublic.com/2023/11/17/osmo-coin-bulls-are-confronting-bears-at-the-resistance-level/" target="_blank" rel="noopener noreferrer nofollow">coin</a> is $0.115. The bears are looking to be active after the 60% growth of the last day. The bulls have done their job and are seeking support at the levels of $0.098 and $0.0703. Meanwhile, the bears will be active on the resistance levels of $0.137 and $0.159.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="389" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-206.png" alt="DHT Coin Price in Downtrend Since 8 Months, What is Ahead Now?" class="wp-image-183486" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-206.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-206-300x73.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-206-1024x249.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-206-768x187.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-206-1536x373.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-206-750x182.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-206-1140x277.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
 </figure>
</div>
<p>The current price prediction is bearish taking into account the overbought zone of RSI and the gap between its SMA levels of 53. However, some bearish volumes have been seen since the start of this day’s trading sessions.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>dHEDGE uses blockchain technology to create a permissionless protocol that allows individuals to retain full ownership over their assets. All transactions are verifiable and recorded on the blockchain as transparent and immutable transactions. The current price prediction is bearish because the RSI is in an overbought zone.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support Levels:</strong> $0.0982 and $0.0703</li>
 <li><strong>Resistance Levels: </strong>$0.137 and $0.159</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>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 other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.</p>

DHT Coin Price in Downtrend Since 8 Months, What is Ahead Now?

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