The latest Cardano price action shows ADA struggling to maintain upside momentum, with traders noting fresh selling pressure as whales appear to be reallocating capital into Remittix (RTX), a project recently voted the best crypto to buy now.
Cardano Price Faces Pressure At $0.82
Cardano is trading near $0.82, just above the $0.80 support base, while struggling against clustered resistance around $0.84. Technical signals reveal tightening compression inside a symmetrical triangle, but persistent outflows are capping bullish attempts.
On-chain flows indicate that ADA recorded over $1 million in net outflows on September 6, marking another session where investors moved capital elsewhere. Analysts warn that unless ADA reclaims $0.84–$0.88, downside risks toward $0.80–$0.76 remain in play.
Adding to challenges, reputational concerns resurfaced when founder Charles Hoskinson pushed back against renewed allegations tied to $600 million in funds, despite audits clearing the project.
The undercurrent is clear: Until inflows return and ADA reclaims the $0.84 cluster, Cardano risks remaining capped under $1.00 in the near term.
Remittix Emerges As The Whale Magnet
Meanwhile, Remittix (RTX) is gaining rapid traction, having secured $24.2 million in presale funds and sold over 649 million tokens. Each token now sells for $0.103, a significant climb from its earliest stage.
Remittix is making waves with its PayFi model, designed to streamline cross-border payments, merchant APIs, and wallet integration across 40+ crypto assets and 30+ fiat rails.
Several immediate catalysts fuel whale interest:
- A PayFi model designed to bridge crypto and fiat for cross-border remittances.
- Certik audit completion, a locked team allocation, and a three-year liquidity pool.
- Confirmed CEX listings on BitMart and LBank, offering near-term liquidity.
- Beta Wallet launches on September 15, which gives users direct utility in payments.
Combined with a clear roadmap, these fundamentals have led industry watchers to rank RTX as the best crypto to buy now, making it an attractive rotation play for investors seeking security and upside.
Why Whales Are Rotating From ADA To RTX
For Cardano, technical compression and reputational headwinds continue to weigh on price. Whales often chase strong catalysts and liquidity events and rotate into Remittix instead.
The contrast is striking:
- ADA is battling for survival above $0.80, with slow-moving ecosystem narratives.
- RTX has confirmed exchange debuts and product launches within weeks, giving traders a more immediate growth path.
Many traders now see ADA as a consolidation play for September, while Remittix is the active growth story. Analysts suggest that unless ADA can deliver a decisive breakout above $0.88–$0.92, capital outflows toward projects like Remittix could accelerate further.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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Maisie is an experienced Crypto & Financial news journalist, having written for Moneycheck.com, Blockonomi.com, Computing.net and is Editor in Chief at Blockfresh.com
