Crypto news live: SHIB diverts attention to Remittix amid presale momentum

The crypto market shows mixed signals this week for SHIB holders. Shiba Inu faces heavy exchange inflows and selling pressure on charts. 

Technical indicators suggest SHIB may test support near $0.00001150.

Investors are turning attention to altcoins with real-world utility. Remittix (RTX) gains traction as a PayFi token with strong presale momentum.

The live wallet beta and CertiK verification boost investor confidence.

Shiba Inu: Exchange pressure and price support

Shiba Inu price is at $0.00001221. SHIB has had a wild week, with exchange inflows up by close to 200%. According to CryptoQuant, exchange inflows doubled more than on September 24, reaching 2.94 billion SHIB.

Higher inflows can be indicative of increasing selling pressure, which can be a short-term fear factor in price stability.

On the daily chart, SHIB has violated a symmetrical triangle but continues below key moving averages.

The 50-day and 200-day EMAs are still resistance levels, with resistance at $0.00001300–$0.00001350.

Volumes have surged without triggering an immediate price plunge, which indicates that buyers are possibly taking in selling pressure.

If inflows keep increasing, SHIB will test support at around $0.00001150. Failure there could send it further towards $0.00001000.

At the end of the day, maintaining above $0.00001200 could allow a recovery back toward $0.00001350.

Traders remain cautious as SHIB balances between inflow pressure and technical support, making this a pivotal moment for the memecoin.

Remittix: The rising PayFi altcoin

Remittix has raised over $26.4 million, sold over 669 million tokens, and is currently priced at $0.1130.

The strong presale performance and live wallet beta make Remittix a compelling alternative for SHIB holders looking for stability and real utility.

The project is fully verified and ranked #1 on CertiK for Pre-Launch Tokens. Its wallet beta is live, allowing early users to access cross-border crypto-to-fiat transactions.

Why Remittix is attracting attention from SHIB holders:

• Remittix enables instant crypto-to-bank transfers in over 30 countries.
• The platform supports seamless conversion between 40+ cryptocurrencies and 30+ fiat currencies.
• Users can securely store, send, and receive funds through the live wallet beta.
• The project’s deflationary tokenomics help protect long-term value for holders.
• Remittix provides a 15% USDT referral reward, claimable daily via the dashboard.

Conclusion: Remittix emerges as the memecoin alternative

As Shiba Inu faces exchange pressure and technical resistance, Remittix provides a functional and secure alternative.

With $26.4 million raised, over 669 million tokens sold, and a live wallet beta, Remittix is positioned for high adoption. Its #1 ranking on CertiK highlights its credibility, giving investors confidence. 

For traders concerned about SHIB volatility, Remittix offers both utility and growth potential in the emerging PayFi sector.

As the crypto market shifts, Remittix may become the next favourite 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

$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway

The post Crypto news live: SHIB diverts attention to Remittix amid presale momentum appeared first on Invezz