The cryptocurrency market continues to see activity around tokens such as Dogecoin, Chainlink, Tron, and Remittix. Let's take a look at their current positions and forecasts.
Current Situation with Dogecoin
Dogecoin (DOGE) continues to trade within the support range of $0.218-$0.220, but breaking the resistance at $0.230 remains a difficult task for traders. Recent network activity indicates significant outflows from exchanges and profit-taking. A breach below $0.218 may lead to further declines towards $0.205 and $0.19-$0.185, potentially causing short-term selling pressure.
Chainlink: Resistance and Opportunities
Chainlink (LINK) shows a strong uptrend after breaking above $19 and climbing within an ascending channel. Positive indicators like RSI above 50 and MACD indicate ongoing strength. However, a possible ascending wedge pattern on the daily chart may signal a short-term correction. RSI divergence and rejection at the 0.786 Fibonacci retracement suggest a potential drop to $17, which could serve as a springboard for future gains.
Tron and Emerging Prospects for Remittix
Tron (TRX) displays remarkable resilience with support at $0.33, despite $1.4 billion in profit withdrawals by long-term holders. Realized losses are minimal, indicating solid fundamentals. Meanwhile, Remittix (RTX), priced at $0.0969, is attracting attention as an altcoin with real-world utility in cross-border payments and crypto-to-fiat conversions. The beta wallet launch is scheduled for Q3 2025.
While Dogecoin faces current pressures and challenges, Chainlink and Tron continue to show stability. The new altcoin Remittix stands out with intriguing prospects thanks to its utility in global payments.
