Dogecoin Stalls Under $0.22 as Remittix Hits $23M Presale

Published: 2025-09-04 17:58:49 |

Dogecoin is trading at $0.212, stuck below the $0.22 resistance level. The token is in a descending channel and faces whale-driven selling pressure. On-chain data shows sustained outflows, capping upside. Long-term accumulation patterns keep bulls hopeful, but a drop toward $0.20 is possible. Meanwhile, Remittix has raised $23.4 million in its presale, selling 641 million tokens at $0.103 each. The PayFi project aims to cut cross-border transfer costs and launch its beta wallet on September 15. Remittix is securing listings on BitMart and LBank. Whale investors favor Remittix for its real-world utility. This rotation highlights growing interest in functional altcoins over meme tokens.

Neutral

In this news, Dogecoin’s failure to break $0.22 marks bearish pressure on DOGE. Similar to past cycles where long-held resistance led to short-term pullbacks, whale outflows often precede a test of lower support. Conversely, Remittix’s $23M presale reflects strong demand for utility-driven altcoins. This mirrors trends seen when investors rotated from speculative tokens into projects with clear use cases, such as in early DeFi presales. In the short term, DOGE may face further downside risk as traders reassess positions. Remittix can enjoy bullish momentum heading into its beta wallet launch and exchange listings. Over the long term, successful product rollouts and adoption could boost market confidence in PayFi tokens. The opposing forces balance out, resulting in a neutral net market view.