Why This Dogecoin (DOGE) Price Setup Is Different and Could Be the Start of a New Moon Shot

Momentum indicators corroborate the bullish thesis. The RSI on the hourly chart has reset from overbought to 38 without collapsing in price

Dogecoin (CRYPTO: DOGE) price action has been relatively subdued this week, yet it’s seeing technical patterns that were last visible before its 2021 moon-shot.

At $0.1724, with a $25.69 billion market cap and $579.41 million in 24-hour volume, DOGE is still one of the ten biggest cryptocurrencies by CoinMarketCap. But at the same time, new contenders like Remittix (RTX) are gaining traction among traders seeking both hype and real-world utility.

X’s technical analysts highlight a gigantic cup-and-handle formation on the daily timeframe a classic launchpad for multi-bag runs. If the formation breaks above the neckline at $0.24, Fibonacci extensions see upside targets around $0.52, implying about a 200 % rally from current levels.

Why Traders Believe This Dogecoin Price Setup Is Different

Momentum indicators corroborate the bullish thesis. The RSI on the hourly chart has reset from overbought to 38 without collapsing in price, indicating heavy latent demand.

Meanwhile, on-chain data from IntoTheBlock shows large holders (wallets >1 % of supply) accumulating over 380 million DOGE during April’s downturn.

This stealth whale accumulation is usually followed by a squeeze when the floating supply dries up. A rise in Dogecoin price open interest in Binance futures a 17 % week-over-week rise suggests traders are positioning for volatility rather than hedging downside.

Macro drivers also favor bullishness. Bitcoin dominance is flattening, implying the market is setting for an alt-season rotation. The expected June launch of X Payments, Elon Musk’s long-rumored peer-to-peer service, continues to provide a speculative bid under every Dogecoin price dip.

If X integrates even a tip jar using DOGE, social-media exposure alone could attract millions of new users into the meme economy.

Charts Are Great – But Where Is The Money Actually Flowing?

Despite Dogecoin price optimism, on-chain flows confirm capital seeping into new narratives. Santiment’s “Exchange Net Position Change” illustrates $42 million worth of DOGE moving from wallets to exchanges over the past ten days, near-term sell-side inventory that could suppress upside.

So where is that capital going?

Blockchain sleuth @whale_alert flagged serial swaps from DOGE to a novel payments token named Remittix (RTX).

The rotation also has strategic logic: DOGE feds off hype but produces no native yield. RTX, by contrast, has meme-coin virality and fee-sharing structures that distribute genuine transaction revenue to holders. Due to this, some investors employ DOGE as the rocket fuel for quick profits and RTX as the engine for passive income over the long term.

Remittix: The Sleeper Play Whales Are Accumulating

Remittix (RTX) itself is only worth $0.0757, yet early users have already put $14.7 million+ into the project and purchased more than 531 million tokens. Its value proposition is simple: send BTC, ETH, XRP or indeed DOGE into the Remittix bridge and receive local fiat in a linked bank account within minutes.

Every exchange burns some RTX, so more usage automatically reduces supply while fee revenues accrue to stakers.

Daily active users grew 17% last week as small merchants in Lagos and Manila adopted the “crypto-in, cash-out” service for invoices. Management expects a European e-money licence decision and a Solana Pay integration before Q4 catalysts, which would open dozens of brand new payment corridors.

If RTX merely captures ten percent of Dogecoin’s current market cap, the token would change hands in the area of $1.40 an 18× from here.

Consider, for instance, a freelance designer in Brazil. She invoices a U.S. client in USDC, trades into RTX through a DeFi aggregator and cashes out Brazilian reais that afternoon, while collecting a share of bridge fees on the RTX she keeps staked for future work.

That mix of real-world utility and revenue generation is why CryptoSlate analysts already refer to Remittix as a “future top-ten contender.”

Traders searching for the next parabolic Dogecoin price run can definitely snag a 2-3× swing if the cup-and-handle confirms. Yet, money quietly entering RTX proves that smart money wants exposure to meme momentum AND stable cash flows.

For investors holding through the noise, pairing DOGE’s upside with Remittix’s fee-sharing model may prove the most profitable play of the 2025 cycle.

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