Dogecoin (DOGE) price breaks $0.20 resistance, kicking off what could be another strong rally

Dogecoin (DOGE) just broke above $0.20, and it looks ready to run. The move comes as major cryptos like Bitcoin and Ethereum are slowly climbing

Dogecoin (DOGE) just broke above $0.20, kicking off what could be another strong rally, analysts say. The move comes as major cryptos like Bitcoin and Ethereum are slowly climbing, giving the whole market a bullish push.

Dogecoin price is up 12% today, with the move kicking off what could be another strong rally, according to analyst Gemxbt. The breakout past $0.19 brought in strong volume and bullish energy, he adds.

“The RSI broke overbought levels, and the MACD is still going up, showing that the momentum is still strong. We also saw a breakout of a falling wedge pattern that has been forming since February. This setup is usually known for bringing in nice rallies.”

On a broader view, Trader Tardigrade notes a similar wedge pattern from 2024 that later saw RTX price explode 300%. The RSI cycle also aligns perfectly with past moves, suggesting a serious run.

“A 29-day cycle is also in play here, which we saw previously during the last bull run. This cycle has been running smoothly since the beginning of the year, and it's showing no signs of slowing down yet. We are currently at the final stage of this cycle, which usually brings in the biggest move.”

According to CoinGlass, open interest has risen 18%, now at $2.17 billion. Over $11 million in short positions were liquidated, likely sparking a short squeeze.

Finally, trading volume also went up 74%, now at $4.5 billion.

Chart analyst Javon Marks sees a breakout with a $0.30 target, estimating 250% gains from current levels. Meanwhile, institutional eyes are turning back to DOGE. 21Shares recently filed for a Dogecoin ETF with Nasdaq, fueling more investor hype.

On the charts, an inverse head and shoulders pattern hints at a move toward $0.24 next.

Remitrix (RTX) presale heats up: The future of crypto-to-fiat payments?

In the ever-evolving landscape of cryptocurrency, Remitrix (RTX) is emerging as a beacon of innovation, revolutionizing the way businesses handle digital payments and aiming to reshape the financial narrative.

The platform is designed to offer users irreversible transactions, safeguarding merchants from chargeback fraud and ensuring that users are protected from scams and third-party interference. At its core is the Remitrix Pay API, a versatile tool that enables businesses to accept cryptocurrencies and settle in fiat instantly.

With support for over 50 cryptocurrencies and 30 fiat currencies, companies enjoy optimal flexibility in managing their payments. All operations are conducted online, eliminating the need for intermediaries and facilitating faster payments with lower conversion costs.

Moreover, Remitrix facilitates seamless cryptocurrency conversion for users, enabling them to convert over 100 cryptocurrencies to fiat in seconds and send funds directly to any bank.

Recipients receive their money in the local currency without any involvement with cryptocurrencies, and there are no foreign exchange fees. This cross-border payment solution is designed to be accessible to everyone.

The platform’s native token, RTX, is crucial for the platform’s decentralization and ensures that users have complete control over their financial data and assets.

As RTX’s presale continues to gain momentum, the project is positioning itself to become a major player in the future of PayFi, potentially rivaling industry giants like Stripe, Wise, and Coinbase.