Doge Analysis After Whales Offload $40M; Analysts Expect Further DOGE, RTX Upside

Dogecoin price has drawn attention recently after some major holders, or whales, sold off $40 million worth of DOGE tokens. Despite this, experts remain positive about Dogecoin’s outlook. Meanwhile, a new crypto called Remittix is also gaining buzz as a strong contender in the market.

Keep reading to learn about the current price of Dogecoin and why Remittix might be a smart move.

Whales offload $40 million: what it means for Dogecoin price

Large holders holding big amounts of DOGE have recently sold around $40 million in tokens. This activity can create price pressure, as more coins enter the market and supply rises. On-chain data shows this dump took place over a few days, causing short-term drops in Dogecoin price.

However, this move might not signal a full sell-off. Crypto analysts see it as portfolio rebalancing before a new trend begins. According to GlassNode data, whales have also been buying in other periods, showing confidence in DOGE’s future.

The timing coincides with DOGE forming a bull flag pattern on charts, a technical signal often preceding upward moves. Veteran trader Javon Marks points out that despite the dump, Dogecoin’s structure remains strong, and this offloading could clear the way for the next rally.

Dogecoin price analysis: cautious optimism in the charts

Dogecoin price is sitting just below a key resistance level of $0.253. Daily and hourly charts show a mix of strength and hesitation. If DOGE closes above $0.253 with volume, it could move toward targets around $0.243 and $0.25. On the other hand, falling below $0.221 might trigger a drop toward support at $0.208 or lower.

Analysts predict Dogecoin could dip briefly to the $0.23–$0.24 range before launching a strong rally. This “healthy pullback” could provide a good entry point for buyers. Javon Marks expects Dogecoin to eventually hit $0.65 and even $1.25 if bullish momentum sustains.

Dogecoin’s ties to Musk and speculation about its role in the upcoming “X Money” payment platform add to positive sentiment. With multiple ETF filings under review and Bitcoin’s recent surge above $100,000, Dogecoin’s price has factors supporting an upside move.

Remittix forecasted surge: a fresh opportunity

While Dogecoin’s price shows promise, Remittix is emerging as an exciting new project. Remittix offers a PayFi platform that allows people to send crypto as fiat to bank accounts worldwide. This solves a key problem of bridging crypto and tradfi, making transfers fast, cheap, and straightforward.

Remittix’s RTX token is currently in presale at $0.0781 and has already raised over $15.3 million. Analysts forecast a strong breakout once RTX hits major centralized and decentralized exchanges. The token comes with staking rewards between 4% and 8%, allowing holders to earn while they hold.

Remittix uses advanced security features and does not store personal data, protecting user privacy. Its wallet is non-custodial, meaning users control their private keys.

With the crypto market valued at over $3.2 trillion, Remittix fills a big gap by linking digital currencies with conventional money. Supporting over 100 cryptocurrencies, it automatically converts them to fiat for bank deposits. A flat 1% fee makes transfers cost-effective. This approach is set to boost crypto adoption, especially among freelancers and migrant workers who regularly send money home.

Conclusion: Why Remittix may outshine Dogecoin soon

Dogecoin price faces a crucial moment after whales offloaded $40 million, but strong charts and expert predictions suggest more upside ahead.

Meanwhile, Remittix stands out for its innovative crypto-to-fiat payment solution, strong security and growing community. Given these factors, Remittix could provide better returns and less volatility than Dogecoin in the coming months.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

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