Crypto Vets Spot SHIB-Like Breakout Pattern in This Altcoin—And the FOMO Is Real

History doesn’t repeat, but it often rhymes—especially in crypto. Veteran traders are flagging eerie similarities between an unnamed altcoin’s current technical setup and Shiba Inu’s legendary 2021 rally. The same parabolic moves, the same retail frenzy building in the charts.

Why it matters: SHIB delivered life-changing gains for early buyers (before crushing latecomers, because crypto). Now, degen wallets are piling into this new play, betting lightning strikes twice.

The cynical take: Nothing brings out bagholders like a good ’next SHIB’ narrative. But the charts—and the volume—don’t lie. Whether this moons or crashes, someone’s getting rich. Place your bets.

Remittix (RTX): The explosive altcoin breaking ground with PayFi utility

Shiba Inu led the 2021 bull run, while banking solely on hype and market buzz. Remittix, on the other hand, is already experiencing similar traction with the backing of a unique value proposition in the global remittance sector. The new project plans to connect crypto and traditional finance seamlessly, enabling users to transfer BTC, ETH or XRP to regular bank accounts as fiat in minutes. This revolutionary utility is ready to break into a $190 trillion global payments market and challenge legacy platforms like Stripe and Wise.

Source: Remittix

Remittix provides an effective payment network with a flat fee charge, unlike the conventional systems plagued with exorbitant fees. In every transaction, the recipient receives exactly what the sender transferred without even knowing that cryptocurrency was involved. Remittix’s range spans across 100 different cryptocurrencies, including Shiba Inu, which users can convert into fiat and send the money straight to any bank account worldwide. 

Behind the scenes, Remittix has been actively building to ensure its sustainability even when hype-driven projects fade away. The team has secured licenses for legal global payouts, brought in experienced fintech firms and started rolling out smart contracts already. This is almost exactly the kind of groundwork that once helped shiba inu explode in value. 

Shiba Inu coin technical outlook creates concerns amid hopes of a rebound

After the Shiba Inu coin surged by more than 145,000% in its 2021 bull run, its price has fallen below various support lines. This bearish momentum persisted even after Shiba Inu engaged in various token burn events to reduce its massive supply. Many crypto experts anticipated this supply squeeze to boost its value in 2025, with SHIB’s burn rate increasing by 5,223% in June. Notably, over 21 million tokens were removed from circulation in a single day.

Despite these efforts, Shiba Inu coin technical analysis is instigating concerns. The 50-day EMA is currently holding as resistance. If SHIB breaks below this point, it could extend its decline by 100% from its current levels, potentially retesting new support lines. 

Source: FXStreet

The RSI on the daily chart reads 38, below its neutral level of 50, indicating bearish sentiment. The MACD indicator also displayed a bearish crossover, aligning with the trend. It also shows rising red histogram bars below its neutral level, indicating waning investors’ sentiment.

Amid this adverse momentum, Shiba Inu holders still hope for a comeback, especially with the official launch of ShibDAO raising investors’ mood. This new association is a Decentralized Autonomous Organization (DAO) that allows the community to make decisions collectively, rather than just as passive participants.

Conclusion

The Shiba Inu price is still in a transformational phase, and its strategic moves can still ensure a comeback. However, what Remittix offers is simply too hard to ignore. Still in its early stages, Remittix is mirroring Shiba Inu‘s momentum in 2021 as investors contribute $15.4 million to its presale. Meanwhile, Remittix at $0.0781 is also backed by a fundamental proposition, with its PayFi utility turning heads in the crypto sector. 

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/ 

Socials: https://linktr.ee/remittix