Institutions Shift from ADA to RTX as Cardano Signals 34% Breakout
Institutions are reallocating capital from Cardano (ADA) to Remittix (RTX) amid frustration over ADA’s scaling delays and regulatory uncertainty. Remittix, a payment-focused token, offers 0.1% cross-currency fees and a locked whale staking model that has secured 10% of its total supply. The project has raised $21.4 million in its presale, sold over 620 million tokens, and secured a BitMart listing, bolstering real-world adoption. Despite the institutional exodus, ADA’s 4-hour chart shows a bullish flag pattern targeting a 34% breakout toward $1.149. The 50-period EMA at $0.878 and steady volume support this setup, while the RSI at 44.56 remains neutral, allowing room for an upswing. The MACD hints at an impending bullish crossover, mirroring past rallies. Traders should watch for a decisive move above the flag’s upper boundary and EMA, backed by rising volume, to confirm ADA’s breakout and capitalize on the projected upside. This shift could influence broader Cardano market sentiment, making traders watch ADA’s breakout signals closely.
Bullish
The article highlights strong technical indicators—ADA’s bullish flag pattern on the 4-hour chart, supported by the 50-period EMA at $0.878 and consistent volume—pointing to a 34% upside toward $1.149. The MACD’s emerging bullish crossover and neutral RSI further reinforce the breakout scenario. Historically, similar flag breakouts in July and August delivered sharp rallies for ADA. Although institutions are reallocating capital to RTX due to Cardano’s scaling and regulatory delays, the immediate price action and on-chain momentum favor a bullish outcome. Traders are likely to respond quickly to a confirmed breakout above the flag’s upper boundary and EMA with volume expansion, driving short-term gains. In the longer term, institutional shifts may moderate growth, but the technical setup suggests a robust near-term rally in ADA prices.