Avalanche (AVAX) Faces 50% Drop as Remittix (RTX) Raises $14.3M
2min read Avalanche (AVAX) has been facing significant challenges, with analysts warning about a deepening downtrend and bearish technical signals suggesting further losses ahead. The cryptocurrency has been on a downward trajectory since its March 11 low of $15.27, despite a brief recovery to $19.22. However, the optimism was short-lived as the price dropped back below the crucial $20 level, which has historically served as a battleground for support and resistance since 2022. The loss of this level could signal deeper losses ahead.
Technical indicators are not offering much relief either. Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are heading downward on the weekly chart, with the RSI below 50 and MACD in negative territory. The overall trend shows a developing A-B-C correction that likely isn’t done yet. If the current Elliott wave count holds true, Avalanche crypto is in the final C-wave, with room to fall further potentially as low as $7.70. Price action is trapped within a descending parallel channel and if sub-wave five continues, a drop to single digits may be inevitable. What’s more concerning for investors is that avax has now invalidated its previous bullish structure. Reclaiming $20 might not come easily this time, and that same level now stands as strong resistance. Analysts are watching the $9.50 and $7.70 zones as the next realistic support levels if downward momentum continues through April.
While Avalanche crypto wrestles with bearish indicators and uncertain momentum, Remittix (RTX) is capturing the spotlight with a utility-driven approach that’s impossible to ignore. Its ongoing presale has already raised over $14.3 million, with more than 525 million tokens sold at a price of just $0.0734. That’s not just impressive, it’s a clear signal that investors are aligning with a project that actually solves real problems. Unlike AVAX, which is struggling to hold support levels, Remittix is gaining ground by offering speed, reliability and practical use.
At the core of Remittix is a crypto off-ramp system that allows users to convert over 100 cryptocurrencies into fiat currencies without foreign exchange fees. Funds can then be transferred directly into bank accounts, often in under 30 minutes. That kind of frictionless utility has real-world impact, whether for freelancers, NGOs or global businesses tired of clunky, overpriced international payment systems. In an environment where projects like Avalanche are facing downward pressure, Remittix is showing what a real DeFi breakthrough looks like.
Its roadmap is also built for stability. The team has locked its own liquidity for three years, aiming to eliminate common pitfalls like early sell-offs or artificial hype cycles. Add to that upcoming exchange listings and strategic partnerships with remittance networks and the long-term case for RTX looks incredibly strong. Analysts have even floated potential gains of up to 10,000% by late 2025 not as a meme-fueled fantasy but as a result of measurable progress and growing adoption. So while Avalanche tries to stabilize under technical pressure, Remittix is hitting its stride. It’s not just another token, it’s a transactional engine designed for real use at scale. For investors looking beyond speculation, the contrast is stark. Remittix is building the future of payments while others are still trying to reclaim past highs.
Ask Aime: What is the future outlook for Avalanche (AVAX) based on its current downtrend and technical indicators?
