Cardano's ADA Price Struggles as RSI Cools and Whale Interest Shifts to Remittix (RTX)

Cardano (ADA) price is struggling to maintain momentum, dropping to $0.7909 after testing resistance near $0.90. Volume has declined to $1.83 billion, and RSI has cooled from an overbought level. Meanwhile, Remittix (RTX) is gaining attention from ADA whales due to its real-world utility and strong fundamentals in the PayFi sector. RTX has processed over 520 million tokens in transactions and raised $17 million with steady daily growth.

Cardano (ADA) has been experiencing a struggle in maintaining its momentum, with the price dropping to $0.7909 after testing resistance near $0.90. The volume has declined to $1.83 billion, and the Relative Strength Index (RSI) has cooled from an overbought level. These developments have led to questions about the future trajectory of ADA.

Meanwhile, Remittix (RTX) has been gaining significant attention from Cardano whales, driven by its real-world utility and strong fundamentals in the PayFi sector. RTX has processed over 520 million tokens in transactions and raised $17 million, showcasing steady daily growth.

According to recent reports, a massive transfer of 70 million ADA tokens worth over $56 million was made to centralized exchanges, raising questions about whale activity and institutional interest in the Cardano blockchain [1]. This movement comes amidst a surge in ADA whale holdings, with over 120 million ADA added to their holdings in the past two weeks [1].

The price action of ADA suggests a potential bullish or bearish outlook, with the current price hovering around $0.83. If the price breaches the resistance level at $1.00, it could potentially soar up to $2.00. Conversely, if the price reverses, it could fall back to the support level at $0.81 [1].

Investors are diversifying into small-cap projects like Remittix, which offers real utilities. Remittix is a utility-driven project built on the Ethereum blockchain that allows seamless crypto-to-fiat transactions across multiple currencies and countries. It aims to solve over 19 trillion payment issues across the globe [2].

Remittix has completed a CertiK audit and locked the team and liquidity tokens. The project offers a 50% bonus on tokens and a $250,000 giveaway. It also provides seamless, fast, and secure transactions with zero charges and no KYC or FX conversion problems [2].

As the Remittix DeFi project continues to gain traction, Tron (TRX) holders are pivoting towards RTX, selling their tokens and joining the momentum. This early-stage crypto investment has raised over $17.3 million and sold more than 569 million tokens. The upcoming launch of the Remittix wallet, expected in Q3, is a significant factor in this shift [3].

The buzz around Remittix is driven by its cross-chain wallet functionality, which supports seamless crypto-to-fiat transfers across 30+ countries. This real-world remittance use case is appealing to investors in low-cap crypto gems and projects solving real-world problems [3].

Investors are viewing Remittix as one of the best new altcoins to watch in 2025, with the current RTX price at $0.0876. The project has raised over $17.3 million and sold more than 569 million tokens. Its strong fundamentals and real-world utility make it a promising investment opportunity [3].

References:
[1] https://timestabloid.com/cardano-whales-spotted-sending-millions-of-ada-to-coinbase/
[2] https://cryptofrontnews.com/tron-trx-holders-panic-sell-into-rtx-frenzy-as-remittix-becomes-cryptos-biggest-buzz/
[3] https://www.investing.com/news/analyst-ratings/rbc-capital-raises-rtx-stock-price-target-to-170-on-strong-earnings-93CH-4148959