The post Dogecoin and Shiba Inu Continue To Lose Investor Confidence; Remittix Set To Continue Rally After 200% Gains appeared on BitcoinEthereumNews.com.

Dogecoin (DOGE) has experienced sharp volatility, recently slipping by over 15% before rebounding to over $0.20. The token has stabilized despite broader market turbulence and now mirrors historical 2017 patterns. On the other hand, Shiba Inu has shown persistence in maintaining stability as market participants indicate the meme coin could undergo major price growth soon. However, DOGE and SHIB investors are turning to the Remittix (RTX) presale, which offers a rare chance to make explosive gains. A few weeks into its price discovery, Remittix raised over $11 million in funding and delivered over 259% return for early investors who bought the altcoin at its initial offering of $0.015. The driver behind this bullish momentum is its unique PayFi solution, which addresses cross-border payment inefficiencies. Dogecoin Potential Rally Toward New ATH Dogecoin has experienced sharp volatility in the past few days amid market turbulence. This recent pullback has positioned the meme coin for a potential rally toward a new all-time high. Notably, Dogecoin price movements replicate its 2017 price action, when the token faced a major correction before embarking on a parabolic rise. Its recent pullback from November 2024 to early 2025 has mimicked the consolidation phase between May and September 2012. In its previous cycle, Dogecoin’s price plunged sharply, and then a strong rebound was recorded, leading to significant price discovery. Both price charts indicate a pullback phase marked by similar retracement structures where critical support levels are held. In 2017, this pattern triggered a massive breakout. The DOGE token could bolster another bullish expansion toward the $0.7376 level if history repeats. Meanwhile, DOGE whales continue to seize the buying opportunity, accumulating 750 million worth of Dogecoin tokens. This increased buying interest suggests that investors have renewed confidence in the crypto. It further highlights the potential for bullish sentiments among…

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Filed under: News - @ February 9, 2025 6:24 am