Stellar (XLM) and Chainlink (LINK) are both struggling to maintain investor confidence as technical indicators suggest more downside ahead. Despite XLM’s 600% surge in late 2024 and a recent bounce from support, the token has fallen over 65% since its peak. Meanwhile, LINK faces mounting resistance and weak on-chain signals.
Amid this growing uncertainty, a new player—Remittix—is gaining traction as a promising hedge. With the broader market losing faith in legacy altcoins, investors are shifting to presales like Remittix that offer real-world utility and strong momentum.
Stellar’s Wedge Pattern Hints at a Short-Term Rebound, But Long-Term Outlook Is Unclear
The XLM price has been moving inside a descending wedge since hitting a cycle high of $0.636 in November 2024. While a descending wedge is typically a bullish reversal pattern, XLM’s long-term downtrend raises doubts about the sustainability of any bounce.
On April 7, XLM bounced from wedge support, validating both the $0.21 horizontal zone and the 0.786 Fibonacci retracement level. Analysts believe that a breakout could send XLM to $0.37 or $0.42, especially if momentum builds before June.
Despite the pattern, indicators remain mixed. The MACD has flashed a bullish divergence, but the RSI is still below 50, signaling weak strength. Without confirmation from indicators, XLM’s breakout remains speculative at best.
Chainlink’s Technical Breakdown Raises Red Flags for Holders
Chainlink is another altcoin flashing warning signs. After falling 50% year-to-date, LINK now hovers just above $10. Yet strong resistance between $10.71 and $12.33—where many holders are still in the red—is preventing a clean recovery.
According to IntoTheBlock, the majority of LINK holders at these levels are “out of the money,” suggesting strong resistance if the token tries to break higher. The key support is currently around $10.52, with over 11 million LINK tokens held in profit by roughly 8,000 addresses.
On the technical side, Chainlink’s daily chart is equally discouraging. The MACD has dipped into the negative zone, and a death cross has formed between the 12- and 26-day EMAs. This setup points to continued downside unless significant buying pressure returns.
Remittix: A Payments Solution Built for Today’s Market
Meanwhile, Remittix has avoided these issues entirely. Its token has steadily appreciated, now priced at $0.0734 with over $14.4 million raised and more than 527 million tokens sold. In a market that punishes indecision, Remittix’s upward trajectory makes it a standout.
While XLM and LINK navigate bearish patterns and resistance zones, Remittix has built its rise on actual demand. The PayFi platform enables near-instant crypto-to-fiat conversions, cutting down on wait times and processing fees. This model echoes the early appeal of XRP—but with fresh infrastructure and no regulatory baggage.
Take a remote-based design agency in Africa accepting international payments from U.S. clients. Traditional bank transfers are slow and expensive. With Remittix, clients pay in crypto, and the agency receives local currency instantly. It’s this kind of frictionless value that’s driving adoption across freelancers, nonprofits, and small businesses.
As speculative narratives fade, utility-based tokens are emerging as safer plays. While XLM tries to complete a wedge breakout and LINK fights resistance near $12, Remittix keeps gaining traction in real-time use cases. It’s not just surviving this market—it’s thriving in it.
Final Thoughts: Will Remittix Become the Go-To Hedge in 2025?
Legacy tokens like Stellar and Chainlink have built reputations, but they now face stiff competition from presales that offer clarity and function. Both XLM and LINK could see relief rallies, but neither has escaped the weight of technical weakness and broader market skepticism.
Remittix, by contrast, has sidestepped the noise by focusing on what crypto was meant to solve—fast, affordable, borderless payments. Its strong presale numbers, price momentum, and real-world appeal make it a top choice for investors looking to hedge against further downside in more established altcoins.
Want to be part of crypto’s next major shift? Visit Remittix today to learn how PayFi is transforming global payments for businesses and individuals alike.
Website: https://remittix.io
Socials: https://linktr.ee/remittix
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Editor-in-Chief of CoinCentral and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@coincentral.com
