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 pricemovement 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.
In contrast to Dogecoin's bearish outlook, Remittix has already seen a 232% surge, reaching a price of $0.0521, with a chance for 100x gains by 2025. Although DeepSeek's prediction for the $1 race between Remittix and Dogecoin leans toward DOGE, this emerging DeFi hybrid project also stands a strong chance.
Dogecoin Could Experience A Significant Drop Before the Weekend
Carlos Garcia's chart highlights a key support area around $0.31 as the DOGE token remains above the $0.32 level. It also shows higher lows forming along the lower edge of an ascending wedge, with overhead resistance consistently limiting upward price movement. This wedge seems to be compressing Dogecoin's price action, often indicating a major breakdown or breakout setup.
A horizontal resistance zone near $0.34 is prominent. Dogecoin has attempted several brief rallies above this mark but has yet to achieve a confirmed breakout, indicating strong seller presence in this area. On the downside, a green box around the $0.310 mark shows where buying interest for Dogecoin has historically increased.
If the wedge pattern breaks down significantly, Dogecoin's price might look for support at the $0.262 level. The analyst also mentioned the upcoming weekend as an unpredictable factor. Historically, lower trading volumes on weekends can amplify volatility. If Dogecoin's price fails to maintain the rising trendline near $0.328 or $0.330, the DOGE token could retest lower support around $0.310 or potentially fall further to $0.262, as technical indicators also point to a bearish momentum.
Remittix Invites Dogecoin Investors As It Aims for 100x Returns
The rise of digital currencies is challenging the current financial industry landscape, especially in cross-border payments. At its core, Remittix aims to merge fiat currencies with cryptocurrencies. The project will support over 40 cryptos, including Bitcoin, Ethereum, and Dogecoin. Remittix also enables the smooth conversion of digital currencies into major traditional currencies like EUR, USD, and GBP.
Beyond conversion, the converted amounts can be directly transferred to the recipient's bank account. This is a significant leap from the typical blockchain payment gateway. As Remittix navigates beyond the usual hurdles of traditional institutions, where service charges are high and processes are lengthy and complex, the project is setting a new standard while transforming the remittance market.
Remittix Pay API is an ideal feature for businesses due to its efficiency in international payroll. It provides a dependable means of converting crypto payments into fiat. Moreover, the API helps companies deposit money into employees' bank accounts worldwide, streamlining global operations and cutting costs.
Remittix ensures user security and autonomy for transparency, removing third-party involvement in all transactions. The platform has also been audited by BlockSAFU and SolidProof, ensuring reliability and positioning Remittix as a trusted infrastructure. Supported by such exceptional features, Remittix has already achieved a 232% surge to reach the $0.0498 mark, with presale funding exceeding $10 million. This places the RTX token in a stronger position to achieve a 100x gain, aiming for the $1 milestone.
Will Remittix Reach $1 Before Dogecoin?
Dogecoin's price movement might face a bearish weekend. If it fails to stay above the $0.328 or $0.330 levels, the DOGE token may test support areas around $0.31 and $0.262, diminishing its chances of reaching $1. Conversely, Remittix’s 3-year team lock will help prevent insider sell-offs, which could boost the RTX token's value, supported by its unique DeFi capabilities, by 2025.
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