Dogecoin price has been faltering to sustain its recent gains as it has pulled back to a five-month high and is eyeing key support levels. Following the peak of $0.28 on July 21, the popular meme coin experienced a 30 percent correction and returned to the price of $0.19 support.
As some traders are waiting to see this support trigger a rebound, Remittix (RTX) is still capturing all the attention of whales and smart investors.
The recent downturn in Dogecoin price has left traders on edge. Having dropped beneath the 50-day EMA of 0.206 and the 200-day EMA of 0.207, bulls are frantically attempting to hold the support zone of 0.19. A breach below this may push DOGE price down to as low as $0.17 or even lower at $0.15, which is another 12-24 percent drop.
On the brighter side, the Dogecoin price is still held together by the 20/200-day golden cross that was made back in late July, thus still being held by long-term bulls. But as momentum indicators such as RSI and MACD show that the bullish pressure is decreasing, the direction is unclear.
As Dogecoin price teeters near critical support, smart investors are flocking to Remittix (RTX), an Ethereum-based payment token rapidly gaining attention for its real-world utility and growth potential. With over $18.3 million raised and 583 million tokens sold, Remittix is quickly positioning itself as a leading alternative to meme-based coins like Shiba Inu and Dogecoin.
The Remittix ecosystem, focused on enabling cross-border payments and freelance work through blockchain technology, has caught the eyes of whales looking for solid growth outside the volatility of meme coins.
$18.3M raised, with momentum building as more investors get involved
40% token bonus for early buyers
Wallet beta launching September 15, opening up full crypto wallet functionality
Real-world use cases in cross-border payments and DeFi platforms
Strong community support across crypto and fintech channels
While Dogecoin price continues to wrestle with short-term resistance, Remittix has already begun its upward climb, offering a unique solution to the global remittance market.
This avenue Remittix is selling the idea of a lasting value while Dogecoin price may fluctuate in the very short term. Smart money is splintering into projects like Remittix that provide both utility and tokenomics for long-term success.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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