Dogecoin Faces $0.23 Resistance Despite 102% Wallet Growth RTX Token Surges 420%

Dogecoin's recent price movements have garnered significant attention, with the cryptocurrency facing resistance at the $0.23 mark. After reaching a low of around $0.218 on May 25th, Dogecoin surged through short-term resistance at $0.22, peaking just below $0.23 on May 26th and retesting this level on May 27th. However, the $0.23 resistance has held firm, with Dogecoin's price retreating to $0.223 as of May 28th.

Despite the resistance, the outlook for Dogecoin remains positive. Whales have accumulated over 1 billion DOGE in the past month, indicating strong institutional interest. On-chain metrics also support this bullish sentiment, with new wallet addresses increasing by 102% and active addresses jumping by 111% in May. Even zero-balance wallets saw a 155% rise, suggesting growing interest in the cryptocurrency.

Technical patterns have also contributed to Dogecoin's recent price action. An inverse head-and-shoulders pattern has formed and broken out, and a break from a multi-year descending wedge has further fueled bullish sentiment. Traders are now eyeing $0.29 as the next major target. However, monthly highs around $0.24–$0.25 have proven to be sticky, with multiple rejections this month. If Dogecoin can reclaim the $0.23 level, it could challenge these highs again and potentially break out above $0.25, sending its price racing towards the $0.29 mark.

While Dogecoin's price movements have been closely watched, another token, RTX, the native token of Remittix, has seen even more impressive gains. RTX has rallied over 420% in 2025 as presale stages continue to sell out, with the token now standing at $0.0781 after raising over $15.4 million. The hype surrounding RTX is centered around Remittix's plans for a next-generation crypto-to-fiat off-ramp. The platform aims to allow users to convert over 40 cryptocurrencies into fiat and send those funds directly to any bank account worldwide, with a simple flat fee and instant settlement.

Remittix is also designed for business adoption, with the Remittix Pay API enabling merchants to accept crypto from customers and settle in their chosen fiat. Merchant accounts provide full control over cashing out across 50+ crypto pairs and 30+ fiat currencies through a purpose-made dashboard. The Remittix team, comprising experienced fintech, regulatory, and blockchain professionals, has made significant progress. The architecture is being finalized, the first smart contracts are live, and global licensing and KYC systems are in place.

Additionally, the Remittix Wallet is on the horizon. Announced in mid-May, a mobile-first app is set to launch, with beta testing beginning in Q3 2025 and a public rollout to follow. Remittix is positioning itself to bridge the gap between crypto and the $194 trillion cross-border payments market, offering an accessible solution for users and businesses alike. With over two-thirds of tokens already sold and each presale stage pushing RTX higher, Remittix is gaining serious momentum.

In summary, while Dogecoin's price movements are closely watched, Remittix's RTX token has seen impressive gains and is poised for further growth. With a real product being developed and a clear roadmap for adoption, Remittix is emerging as a strong contender in the crypto space. As the presale continues to accelerate, RTX's value is expected to climb further, making it a token to watch in the coming months.