While new and creative projects like Remittix (RTX) are quickly gaining popularity, top cryptocurrencies like Polkadot (DOT) and Uniswap (UNI) are facing bearish momentum. Remittix is becoming a game-changer in the crypto-fiat integration space as it offers a frictionless solution for cross-border payments.
But what makes Remittix such a promising investment? Read on to find out why Remittix could soon overtake Polkadot and Uniswap and why this could mean huge returns for early investors.
Polkadot (DOT) is facing resistance
As Polkadot price remains within a wide consolidation range of $7.67 and $6.76, the altcoin saw a slight decline of around 2% in the previous week. Polkadot price has fallen more significantly in the last month – by more than 20%, but the general sentiment in the community is still quite positive.
Despite the recent disappointments, analysts remain confident about future developments. On the Polkadot price chart, FLASH finds a head and shoulders pattern that suggests a short-term reversal or consolidation. Although it turned into a resistance level at the neck line, Polkadot price recently rebounded from the $6.05 support level after breaking the head and shoulders neck line.
Polkadot price is once again trending around $6.05, testing its support levels in the current market conditions. The MACD indicator is showing buy signals, suggesting that if support holds, there could still be a possibility of an upward move, even though the momentum oscillator is now showing a possible decline.
With any breakout above resistance levels, traders and investors should pay particular attention…
