Chainlink price predictions and analysis have flipped from euphoria to caution as LINK price slipped below $24 after a rally. On-chain traders discovered that most of the funds liquidated from LINK went into an emerging altcoin, Remittix (RTX), which investors believe will deliver a 100x.
Questions continue to surface on what’s next for Chainlink price predictions and RTX’s potential.
Chainlink Price Prediction: Bullish Or Bearish? What are Analysts Seeing
The recent surge in LINK’s price was driven by on-chain inflows and whale accumulation. However, the rally was cut short with profit-taking and capital rotation into fast-moving projects like Remittix.
Traders tracking LINK are optimistic, treating this move as consolidation rather than a trend reversal, affirming that the Chainlink price prediction of $50 will hold.
According to Investtech’s analysis, LINK is in a rising trend channel in the medium-long term. This shows that investors have bought LINK at higher prices over time, which indicates good development for the currency.
LINK is trading on support at $23.25 after a break of the double bottom formation. The price has now fallen, but the formation indicates further rise. LINK’s next support is $19.50, and resistance is at $26.00, where prior sellers clustered.
On-chain metrics and whale activity still suggest interest, and if accumulation continues, the Chainlink price prediction of $50 could happen in the near term.
Why Investors Are Rotating Capital Toward Remittix
Rotation like this is common when investors see emerging projects with potential for massive gains. They siphon liquidity from established altcoins like LINK.
Remittix (RTX) is one of the most talked-about project launches of the year. Built on the Ethereum ecosystem, it blends real-world payment utility with a DeFi-driven ecosystem. Designed as a PayFi platform, it facilitates crypto-to-fiat transactions in over 30 countries and supports 40+ cryptocurrencies.
The PayFi project is bridging a $19 trillion global gap between traditional payment systems and cryptocurrency. RTX is called “XRP 2.0”, considered a strong contender to eclipse Ripple and Stripe.
Remittix highlights:
- A full CertiK audit has been completed; liquidity and team tokens have been locked for three years.
- Users can earn up to 20% referral rewards by sharing the project
- Designed for both crypto natives and non-crypto users, it can be used by business owners, freelancers, and remitters.
- Recipients do not need a wallet; it’s fast, reliable, and does not have FX conversion problems.
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
