Dogecoin bounced sharply from its recent low of $0.21388 to trade at $0.2268, showing an impressive +4.3% recovery over 24 hours. DOGE’s latest moves coincided with the Senate’s confirmation to push with the GENIUS Act, or the ‘stablecoin bill,’ which calls for a framework that will authorize the issuance of stablecoins in the US. While the bill largely impacts stablecoins, major cryptos, including DOGE, responded positively, with Dogecoin price retesting its resistance level of $0.2200.
For Dogecoin’s bullish structure to confirm, it needs to break above $0.2200 and $0.2307. A breakout above these price levels can trigger a potential upward trend, targeting around $0.24 to $0.28 price targets in the near term. However, this projection may fail in comparison to another crypto in presale, which has already rewarded early adopters with a 400% upside: Remittix.
Remittix and PayFi: Your next power combo in making cross border payments easy
Cross-border payments have been a frequent topic in financial circles, but they’re still kinda messy, and with plenty of hang-ups. Slow payments, high costs and fees, and a lack of transparency often impact users’ overall experiences. Remittix joins the mix with a revolutionary take on international payments—crypto-to-fiat settlements with no FX fees or hidden charges. Remittix’s solution boasts a handy solution: just connect your wallet, add crypto and send it to any participating global bank, and complete the transfer in over 30 fiat currencies.
For business owners, the benefits go beyond profit. Remittix leverages blockchain technology, promoting seamless crypto payment experiences that combine the reliability of blockchain and the user-friendliness of fiat transactions. The RTX token, an ERC-20 standard token, acts as the platform, with its Ethereum-based smart contract rated ‘Very Safe’ by BlockSAFU.
Dogecoin price forming a bullish structure, but needs to beat $0.22 to $0.2307 to breakout
DOGE must break past resistance levels to continue its upward movement
As of May 20th, Dogecoin’s price is showing a bullish structure on its price charts. Many crypto commentators pointed to the asset’s falling wedge pattern, which is considered a bullish reversal pattern. This pattern reflects declining prices, but the rate of decline is slowing, which potentially points to an upside.
DOGE has found solid support at the $0.210 level, with huge buying volume and traders’ interest. Dogecoin’s price must break out of the $0.22 to $0.2307 range for it to continue its bullish surge. In a Twitter/X post by Marco Polo (@MarcoPoloMaps), the popular commentator noted a breakout from a falling wedge, with a retest incoming. The post added that the Dogecoin price is now hitting its higher lows since June 2023, and if it successfully hits the $0.25 range, the next target is $0.50.
DOGE and RTX: Can Remittix outrun Dogecoin?
If Dogecoin’s price breaks its resistance level and targets $0.50 in the near term, holders will enjoy a 120% ROI. Not bad for the top meme coin that’s been busy retracing its past price action in previous bull cycles. However, Remittix offers a more promising ROI, thanks to its revolutionary PayFi roadmap and the prospects of an official listing. At its current price of $0.0781, early adopters who got in at $0.015 now enjoy a 500% ROI and counting.
But with only 15% of the token supply up for grabs and a few more price increases in the pipeline, the window’s closing in for the rest. Don’t miss this boat—join the RTX presale and help change the PayFi landscape!
Discover more about the Remittix Pay API and the RTX token here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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