In a freshly shared four-hour Dogecoin chart, crypto analyst Carlos Garcia Tapai warns of a potential dip as the weekend approaches. His bearish prediction for the Dogecoin price movement comes when DOGE faces a new challenger, Remittix (RTX), for the $1 target in 2025. The analyst chart depicts an ascending wedge pattern running into a confluence of resistance within the $0.338 and $0.343 ranges.
Contrary to Dogecoin’s bearish prediction, Remittix’s price movement has already recorded a 232% rally to sell at $0.0521, with the potential for 100x gains in 2025. While the DeepSeek prediction for the $1 race between Remittix and Dogecoin favors the DOGE token, this new DeFi hybrid project also has a perfect chance.
Dogecoin Faces A Major Dip Before The Weekend
Carlos Garcia’s chart showcases a notable support level in the $0.31 region as the DOGE token hovers above the $0.32 level. It also points at higher lows forming within the lower boundary of an ascending wedge as the overhead resistance repeatedly caps upward price movements. This wedge appears to be compressing Dogecoin’s price action, often a significant breakdown or breakout setup.
A horizontal resistance zone within the $0.34 area stands out. The price of Dogecoin has attempted multiple short-term rallies above this level but failed to secure a confirmed breakout, suggesting sellers are firmly holding this zone. On the dip side, a green box spanning roughly $0.310 marks is where buying interest for Dogecoin has historically picked up.
If the wedge pattern breaks down decisively, Dogecoin price could seek support at the $0.262 level. The analyst also pointed to the upcoming weekend as the wildcard. Historically, lower trading volumes on Saturdays or Sundays can exacerbate volatility. If the price of Dogecoin fails to hold the rising trendline near the $0.328 or $0.330, the DOGE token could retest lower support around the $0.310 or potentially dip further to the $0.262 level as technical indicators also support a bearish momentum.
Remittix Welcomes Dogecoin Investors As It Prepares For 100x Returns
The advent of digital currencies brings a new challenge to the current financial industry landscape, especially cross-border payments. At its core, Remittix seeks to integrate fiat with cryptos. The project will support over 40 cryptos, including Bitcoin, Ethereum, and Dogecoin. Remittix also provides an avenue for seamless conversion of digital currencies into major traditional currencies, including EUR, USD, and GBP.
Apart from the conversion, the converted amount can be transferred directly into the recipient’s bank account. This is a significant step up from the standard blockchain payment gateway. As Remittix operates past the everyday challenges of conventional institutions, where service charges are exorbitant and processes are lengthy and tiresome, the project is setting the pace while revolutionizing the remittance market.
The Remittix Pay API is also the perfect feature for businesses owing to its efficiency when it comes to international payroll. It offers a reliable means of converting crypto payments into fiat. Moreover, API helps companies deposit money into employees’ bank accounts worldwide, a service that will streamline global operations and reduce costs.
Remittix provides user security and autonomy for transparency, eliminating third-party involvement in all transactions. The platform has also undergone audits by BlockSAFU and SolidProof, ensuring reliability while making Remittix a trusted infrastructure. Backed by such unique features, Remittix has already seen a 232% rally to hit the $0.0498 mark with presale funding of over $10 million. This places the RTX token in a better position to record a 100x gain, targeting the $1 mark.
Can Remittix Hit $1 Before Dogecoin?
Dogecoin price movement could face a bearish weekend. Failure to hold above the $0.328 or $0.330 will see the DOGE token retest support level around the $0.31 and $0.262 levels, reducing its chance of hitting $1. On the other hand, Renittiux’s 3-year team lock will ensure that it eliminates the possibility of insider sell-offs, which could help the RTX token value rise, backed by its unique DeFi capabilities, in 2025.
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