We Asked New AI Game Changer DeepSeek Which Crypto Would Make It To $1 First: Dogecoin or Remittix?

Dogecoin Price Faces Potential Dip Ahead of Weekend

Crypto analyst Carlos Garcia Tapai warns of a possible dip in Dogecoin's price as the weekend approaches. This bearish forecast coincides with the emergence of a key rival, Remittix (RTX), in the race for a $1 target in 2025.

Garcia's analysis reveals an ascending wedge pattern with resistance levels between $0.338 and $0.343. While DeepSeek's prediction favors Dogecoin in this race, Remittix also holds potential.

Technical Analysis: Support and Resistance Levels

Dogecoin currently hovers above $0.32, with a notable support level at $0.31. Higher lows are forming within the lower wedge boundary, indicating resistance limiting upward price movements.

A horizontal resistance zone of $0.34 has proven challenging for Dogecoin, with multiple failed attempts to break above it. A green box around $0.31 marks a historical buying interest zone for the token.

Bearish Momentum and Support Levels

A breakdown of the wedge pattern could trigger a support test at $0.262. Garcia emphasizes that low trading volumes on weekends can amplify volatility. If Dogecoin fails to hold above $0.328 or $0.330, a retest of $0.31 or even $0.262 is possible.

Remittix as a Rival for Dogecoin

Remittix, a DeFi hybrid project, aims to bridge the gap between fiat and cryptocurrencies. It supports over 40 cryptos, including Dogecoin, and allows seamless conversion to major currencies.

Remittix also offers an API for businesses to efficiently process international payroll and deposit funds into employees' bank accounts worldwide. Its security features and audits ensure transparency and reliability.

Conclusion: Remittix and Dogecoin's Potential

Dogecoin's price may face a dip this weekend. Failure to hold key support levels could hinder its chances of reaching $1. In contrast, Remittix's strong features, including a locked team and unique DeFi capabilities, potentially position it as a formidable competitor in the race for a $1 target in 2025.

Disclaimer:

This information is for educational purposes only and should not be construed as financial advice. Conduct thorough research and consult a financial advisor before making any investment decisions.