The Dogecoin price movement has started a fresh rally after clearing a significant resistance zone. The DOGE price, which has already seen a weekly surge of over 9%, having cleared the $0.34 and $0.35 resistance levels, is set to target the $0.42 mark, backed by technical indicators and the incoming Trump inauguration. Conversely, Shiba Inu’s price has been rejected several times at significant resistance levels, causing it to struggle with an uptrend momentum.
The SHIB token is stuck in a difficult range that points to a negative market sentiment despite its efforts to regain a bullish footing. This has led to the cryptocurrency spotlight shifting to Remittix (RTX) as it clinches impressive milestones with over $3.2 million raised in presale.
Backed by its unique PayFi capabilities, Remittix has a great value proposition at its center, and with the growing adoption and a CMC pre-listing catalyzing its spread, it could become a household name within the PayFi sector.
Dogecoin Price Prediction: Can DOGE Hit $0.42 Before Trump’s Inauguration?
With the bullish pattern emerging within the daily chart, Dogecoin seems to be displaying indications of a possible significant reversal backed by the incoming US president’s inauguration. According to technical analysis, a head-and-shoulders pattern typically linked to trend reversals is emerging based on action. This might be crucial as Dogecoin tries to reverse its dipping trend.
Dogecoin has been hovering above the $0.35 level after recovering from its recent lows of around $0.30, where it found support at the 100-day EMA. The formation of this support and the growing buying interest, as indicated by the RSI at 54, indicate a shift in sentiment. However, the 50-day EMA is a critical technical level that donates renewed strength, and the DOGE token has regained its position above it.
However, the $0.38 level, which Dogecoin’s price must overcome for confirmation, is the neckline of a possible reversal pattern. A decisive breakout above this level could move Dogecoin towards $0.42, paving the way for longer uptrend moves. Failure to break this neckline could lead to a consolidation or a retest of the 200-day EMA near $0.25.
Shiba Inu Price Growth Faces Resistance
Shiba Inu has failed to overcome critical resistance levels, including the 20- and 50-day EMA, a significant ceiling for the SHIB price movement. The SHIB token has been trading close to the 200-day EMA of around $0.000021. A clear break below this level could signal the start of a severe dip, which might push Shiba Inu’s price closer to its next crucial support level of $0.000018.
However, regaining the 50-day EMA will indicate fresh bullish momentum. The volume that has been absent in previous attempts suggests that Shiba Inu traders are still cautious. The recent rejection at its resistance levels shows the lack of significant buying pressure.
Moreover, the RSI is still neutral, suggesting that traders are unsure of what to do. This means that Shiba Inu’s price is still under pressure from a dipping trend. However, a break past the $0.000022 level with significant volume could redeem its bullish outlook, with more gains targeting the major resistance at the $0.000024 level.
Remittix Sets a New Benchmark For Cross-Border Payments
Remittix’s secret sauce lies in its revolutionary ability to process crypto-to-fiat transactions. It allows users to convert 40-plus cryptos to fiat and transfer the money to global banks, eliminating the existing pitfalls of traditional payment systems. Whether it is long processing times, limited accessibility, or hidden fees, Remittix (RTX) has the needed solution for individuals and businesses.
While the project benefits individual users, it empowers businesses to embrace crypto payments. Through the Remittix Pay API, companies can accept cryptos as a viable payment from customers, process the transaction in fiat, and transfer it to their chosen bank account. This is a significant benefit for merchants, enterprises, and freelancers who wish to harness the unique potential of cryptos without staying up to date with the market.
Remittix’s ability to foster financial inclusion on a global scale is also a key driver of its success. While some parts of the world have efficient financial systems, many areas still lack access to compete globally. Remittix’s 24/7 accessibility, backed by a lack of traditional banking infrastructure reliance, is a massive boost to the underbanked population. This mission reflects the project’s goal of democratizing cross-border payments while reducing financial inequality.
At the center of the Remittix ecosystem is its RTX token, which serves several functions, including staking and platform rewards. The RTX token was engineered for growth and resilience and currently offers investors an alluring price of just $0.0207 with the price set to rally to $0.0217 in a few days.
Trump Inauguration Could Open the Path for More Gains for Dogecoin, Shiba Inu, And Remittix
Dogecoin’s bullish outlook could see more gains if the DOGE price holds strongly above the $0.38 level. Shiba Inu must also break past its crucial resistance levels, including the $0.000022 level, opening the path to more bullish outlooks. Moreover, Remittix’s strategic execution and bold vision make it a movement that will reshape how individuals and businesses perceive cross-border payments.
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