The bearish attitude of the whole crypto market has caused a significant decline in the meme coin market in the past several weeks. From the $0.000032 December high, Shiba Inu’s token price has declined significantly; dogecoin’s price has dropped as well.
One altcoin, however, has shown resilience in the highly erratic market. Ranked among the best presale tokens available, the Remittix (RTX) price has jumped from $0.015 to $0.0521. Analysts credit the cross-border payment system it is providing—which is meant to enable smooth crypto-to- cash transactions—for the mounting momentum. Read on to learn more about this new crypto project.
Bull Flag Pattern Signals Strong Momentum
Though at several times Dogecoin has displayed strong bullish momentum, it has not yet exceeded its all-time high of $0.7316 in this cycle. Still, many DOGE aficionados are positive about the meme coin; many of them are looking forward to a final breach above $1 this bull cycle.
Ironically, Dogecoin has not even broken beyond $0.5, the halfway point to meet the $1 aim. Yet, crypto researcher Lucky pointed out that DOGE will shortly be trading at $1. The technical pattern developing on the price chart of Dogecoin forms Lucky’s confidence basis. Posting his perspective, he pointed out a bull flag development on the daily candlestick period.
Fascinatingly, this bull flag is a multi-month pattern having been in formation since November 2024. The trend started with a robust gain in mid-November then peaked at $0.484 in early December before encountering pushback. Price movement has then entered the flag phase of the structure, marked by corrections and bounces off the upper and lower trendlines of the flag.
Particularly in a bullish market, the building of a bull flag is considered as a strong indication of additional gain. Should the meme currency deviate from this framework with sufficient volume, it might create conditions for a protracted surge into new multi-year highs. While DOGE keeps gathering steam in this configuration, crypto analyst Lucky observed that the surge ahead might be legendary.
Price Prediction: Shiba Inu Price To Bounce Back Amid Rising Token Burn Rate
In Face Of Increasing Token Burn Rate Based on Shibburn’s data, the Shiba Inu token burn rate has skyrocketed by 285% during the past 24 hours with almost 2.5M SHIB tokens thrown away. This coincides with whales picking up their meme coin accumulation once more. A whale accumulated 257.5B SHIB ($4.6M) in the recent crypto market decline, according to Lookonchain statistics, implying the great demand in the meme coin.
Shiba Inu trading volume is on an increase according to CoinMarketCap data as the meme coin moves to retest the $0.000020 resistance zone, past support. A surge above the mark might find the Shiba Inu crypto price retest the $0.000033 December high. According to crypto expert Shib Spain, a bounce above $0.000020 might cause the meme coin price to rise to the $0.000038 mark.
Shiba Inu’s Moving Averages are red according to tradingview data, however some O oscillator indicators—like the Commodity Channel index—are green. Shiba Inu stays among the top meme coins to monitor in Q1 with the RSI at 36 and a Fear and Greed index displaying 72.
Why Remittix Will Lead the February Crypto Market Rally
One typical issue consumers have seen as more people utilize cryptocurrencies in financial transactions is cross-border transactions. Though the likes of Stripe and Wise have expressed interest in cryptocurrencies, none has addressed the age-long problem. Remittix (RTX), however, is about to address that via its cross-border payment system.
Users of Remittix can send over 40 cryptocurrencies into FIAT currencies to any approved worldwide bank without paying any hidden extra fees for FX or wire transfers like standard banks. That implies what you send comes back to you. Emphasizing simplicity, the Remittix platform is made such that the recipient finds it challenging to identify the transaction started as a crypto payment.
The Remittix pay API allows companies to settle FIAT transactions and get bitcoins as a form of payment from their clients. Remittix notably supports more than 50 crypto pairs and over 30 fiat currencies, therefore facilitating the usage of the platform by corporations and companies paying their worldwide employees.
Users of P2P platforms fully manage their assets; all transactions are kept on a public ledger to guarantee traceability and openness. The RTX coin powers the platform; it has skyrocketed over 600% in the last few weeks. Analyzers choose this altcoin as one of the greatest ones to acquire considering the solution it presents. Thus, right now is the best time to accumulate the RTX token at $0.0521.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
