AVAX Falls Below Key Support as Traders Shift to Remittix (RTX) After Beta Launch, Analysts Predict 4x Gains

Avalanche’s native token, AVAX, faces mounting pressure as traders shift focus to Remittix, a crypto payment platform gaining traction for its real-world utility. While speculative excitement around a potential AVAX ETF has fueled short-term volatility, the token’s price has retreated below key support levels, erasing recent gains and sparking caution among investors [1]. Analysts highlight that AVAX’s 200-day moving average—a critical trendline—has been retested, signaling a potential consolidation phase. Open interest, which peaked at record highs earlier this month, has failed to sustain a breakout above $25.5, raising questions about the token’s ability to capitalize on ETF-related optimism. Liquidation data further underscores the fragility of AVAX’s position, with the $26–$28 range identified as a potential flashpoint for further declines if the token’s price stalls [1].

Amid this, Remittix (RTX) is emerging as a focal point for capital inflows, with traders drawn to its practical use cases. The platform, which enables direct crypto-to-bank transfers with low fees and minimal friction, is being positioned as a solution to longstanding adoption barriers in the crypto space. Analysts suggest that Remittix’s appeal lies in its ability to bridge the gap between digital assets and traditional finance, offering a tangible alternative to speculative layer-1 projects [1]. A growing number of investors, particularly institutional players, are reallocating funds to RTX, which currently trades at $0.0876. Some market observers, including unnamed analysts, predict the token could surge fourfold this year, driven by demand for utility-driven assets in a maturing market [1].

The shift in sentiment is attributed to Remittix’s beta launch of its wallet on September 15, marking a critical product milestone. The platform’s features—support for 40+ cryptocurrencies and 30+ fiat currencies, real-time conversion capabilities, and competitive transaction fees—position it as a compelling alternative to legacy financial systems. Traders are also emphasizing the token’s undervaluation relative to its potential market penetration, particularly in cross-border remittances and business payments [1]. This practicality contrasts with AVAX’s reliance on speculative narratives, which analysts argue lack a clear path to mass adoption [1].

While AVAX’s near-term outlook remains clouded by ETF uncertainties and technical resistance, the emergence of Remittix reflects a broader industry trend toward projects with actionable use cases. The platform’s ability to execute on its roadmap and scale adoption will be critical in determining whether it can sustain its momentum and live up to analysts’ bullish forecasts. For now, the market’s pivot toward RTX underscores a growing preference for solutions that address real-world financial inefficiencies, a shift that could reshape the competitive landscape for alternative cryptocurrencies in 2025 [1].

Source: [1] [title: AVAX Slides As Traders Flock To Remittix, Is This The Avalanche Slayer? Experts Predict 4x Gains This Year] [url: https://cryptonewsland.com/avax-slides-as-traders-flock-to-remittix-is-this-the-avalanche-slayer-experts-predict-4x-gains-this-year/]