The market is showing early signs of a shift as Shiba Inu price struggles to recover from July’s highs. At about $0.000013, SHIB is down 18% from recent peaks and 27% below its yearly high, even after a remarkable 1,550% spike in token burns.
Meanwhile, Cardano holders are increasingly exploring alternatives with stronger utility and adoption potential, notably Remittix (RTX), hinting at a significant market rotation that could reshape investor portfolios in the coming months.
Shiba Inu Price Faces Heightened Downside Risk
The charts paint a grim picture for the Shiba Inu price. The token has dipped below its 50-day and 100-day moving averages, signalling weakening momentum. More importantly, a head-and-shoulders build is forming with the head that is located at $0.00001760 and shoulders that stand at $0.000016.
Analysts caution that falling below the neckline at $ 0.00001027 may lead to a fall to a level of $0.000009, which means that the downside will be more than 20% from current levels.
The traditional market mechanism of burning tokens, which typically helps reduce supply and support price, seems ineffective here and investors are better served moving to top Defi coins like Remittix.
Cardano Faces Short-Term Consolidation With Strategic Withdrawals
Large investors have recently withdrawn over $170 million worth of ADA from exchanges like Coinbase, Upbit, and Binance. While this signals bullish intent and a potential supply squeeze, Cardano is currently trading at $0.8697, showing consolidation between $0.8465 and $0.8752.
Technical analysis presents a neutral picture: RSI at 49, ADA trading below the midline of Bollinger Bands, and resistance around $0.896. Short positions clustered near $0.99 also create a potential short-squeeze scenario, though a dip toward $0.75 support is possible before any significant upward movement.
Why Remittix Is Capturing The Attention Of Cardano Holders
Remittix ($RTX) is currently priced at $0.0987, having raised $21.9 million and sold over 625 million tokens. Thousands of former Cardano holders have begun shifting capital toward RTX, attracted by its growing ecosystem and scalable infrastructure.
Key Factors Driving Remittix Momentum
- Targeted Adoption: Real-world payment solutions increase utility and transactional volume.
- Strategic Investor Inflows: Cardano holders seeking yield and lower volatility are moving to RTX.
- Technical Growth Potential: Upcoming wallet beta and planned exchange listings provide liquidity and access.
- Market Timing: Legacy coins like Shiba Inu may face short-term retracements, creating an entry window for RTX.
- Community Engagement: Active forums and strong PR campaigns foster investor confidence and participation.
Compared to tokens that have a history of price fluctuations, Remittix’s adoption-based model and quantifiable utility may enable it to outperform older coins when the market is at a standstill.
Analysts observe that the institutional interest and retail buzz makes Remittix a viable candidate for quick gains in 2025.
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