The Dogecoin price has dropped by over 7% in the last seven days, sparking fresh concerns among holders as the meme coin slides away from its recent highs. DOGE traded near $0.2275 on July 29 after a failed attempt to reclaim the $0.25 resistance level. This comes amid bearish momentum, declining exchange inflows, and rising interest in an emerging low-priced competitor.
DOGE Breaks Structure As RSI Weakens
After forming a rising wedge pattern earlier in the month, DOGE broke below key trendlines and lost support at the 20 and 50 EMA levels. These moving averages, now acting as resistance at $0.2151 and $0.2373, suggest upside is capped unless bulls regain control above $0.235.
Lower highs on the chart and falling volume indicate that short-term traders are exiting, contributing to this sharp 8% weekly drop. With momentum weakening, analysts say that reclaiming $0.235 is essential for any near-term recovery.
These withdrawal patterns typically point to profit-taking or hedging behavior rather than accumulation. With DOGE struggling to hold above key levels, traders are shifting focus to tokens with stronger fundamentals or fresh upside potential. One of those gaining traction is Remittix (RTX) — a rival token showing explosive momentum after its recent wallet beta launch announcement.
Remittix (RTX): The Rising Ethereum-Based Rival Drawing Attention
While Dogecoin price struggles to find direction, Remittix (RTX) has emerged as the top alternative meme token with real-world utility, attracting crypto enthusiasts, DeFi traders, and freelancers looking for faster, low-cost cross-border payments.
Remittix has now raised over $17.7 million through the sale of more than 575 million tokens at $0.0876 each, and momentum is accelerating as its Q3 roadmap unfolds.
Why Remittix Is Winning Investor Confidence:
- $250,000 Giveaway is live, fueling massive social engagement
- Wallet Beta launches September 15, offering crypto payments and real-time FX
- Built on Ethereum and optimized for high-speed PayFi applications
- Used by freelancers, agencies, and global digital workers for seamless settlements
- 50% token bonus still active for early buyers
Many are now calling Remittix the next 100x token — not just another meme coin, but one with a practical ecosystem and growing developer backing.
Conclusion
As Dogecoin price dips and bulls scramble to reclaim lost ground, the crypto market is gradually shifting focus. With smart money rotating into Ethereum-based tokens like Remittix, DOGE may face additional headwinds unless new catalysts emerge. Investors who missed the last DOGE bull run are now asking a different question: What if RTX becomes the next big breakout token?
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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