Shiba Inu (SHIB) and Pepe coin are both facing a slow August as market pressures mount and buying interest wanes. After SHIB’s rally in July, its price has slumped from $0.000016 to $0.000012 amidst increasing selling pressure. Similarly, Pepe coin has experienced a setback, returning to its $0.00001 support level after its explosive surge in July.
However, while both meme coins wrestle with these challenges, Remittix (RTX) is making waves as one of the most promising altcoins for 2025, surging 450% since its launch and now priced at $0.0895 with $18.4 million raised.
The market sentiment has changed rapidly after Shiba Inu price increased to 0.000016 in July. The price has now retreated and is trading within a descending channel, indicating a bearish trend. Every rally attempt is met with strong opposition and Shiba Inu might not be able to break out without another wave of buying pressure.
The lower trendline at $0.00001144 remains a key support, but the retests of this level may result in its breakdown resulting in deeper correction. Nonetheless, as bearish as the short-term perspective might be, Shiba Inu coin could still turn around, depending on the market conditions in general and any emerging news in the meme coin marketplace.
Pepe coin (PEPE), like many in the meme coin space, is going through a consolidation phase after its July rally. Despite the fact that the volume of trading has decreased by 76 percent since July 12, analysts are closely monitoring the possibility of the recovery.
Although PEPE confronts some trouble, as the price action has challenged its support at $0.00001, there is no significant downward pressure and the market has entered a period of consolidation, which makes it likely that the coin might be accumulating to another rally when the market stabilizes.
Pepe coin’s price movements are currently dictated by market-wide retracements, but some analysts believe that it may be nearing its bottom and could soon break out of this consolidation.
While Shiba Inu coin and Pepe coin face headwinds, Remittix (RTX) continues its rapid rise in the crypto space, offering a real-world solution for cross-border payments that could redefine the future of PayFi. Remittix has raised $18.4 million and sold over 585 million tokens, with a 500% surge since its ICO.
While Shiba Inu and Pepe coin are struggling to maintain momentum, Remittix stands out as a low-fee, real utility crypto set to make waves. As the crypto market begins to favor more utility-driven altcoins, Remittix is quickly becoming a top pick for both retail and institutional investors.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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