The crypto market has been experiencing a correction since the past week. The prices of Solana (SOL) and Cardano (ADA) have dropped, mirroring the downtrend in the general market.
Meanwhile, IntelMarkets has become a safe haven for investors amid the correction. The DeFi project has raised over $6.7 million, signifying large investor interest. If this buying pressure continues, a potential growth of 10x could occur in the coming months.
The Solana (SOL) coin has been on a downtrend in the last seven days. The price of the altcoin has fallen from a monthly peak of $221.35 to a low of $184.59. While the $180 level has acted as strong support, data from CoinMarketCap shows the Solana coin price has declined by 13.9% on the weekly timeframe.
Looking ahead, the Solana token faces a strong Immediate resistance around the $190-$195 level. Crossing this level is crucial to reclaiming the $200 price region. Meanwhile, Ali Martinez notes that Solana crypto is consolidating inside a symmetrical triangle.
An upward breakout above $214 could lead to a 40% increase. On the other hand, a downward breakout below $183 might push the value of SOL to $109. Another analyst called MaeliusCrypto argued the value of Solana (SOL) could increase to $490 before the end of the first quarter.
In a recent tweet, a famous on-chain analyst, Ali Martinez told his followers that Cardano (ADA) could be getting set for a bullish breakout. According to him, whales have been buying Cardano crypto in large numbers.
One of his tweets noted that these large investors bought over 90 million ADA in four days which shows increased momentum. In terms of price movement, Ali notes that the Cardano coin is trading in a symmetrical triangle.
If the buying pressure continues, the analyst says the Cardano token might break out above the resistance at $1.10. Such a move could push the value of ADA to $1.50, Ali added.
At the moment, Cardano's (ADA) price has dropped by 12.1% in the weekly timeframe. The DeFi coin price has been consolidating between $0.8838 and $1.14 in the last seven days. Nevertheless, the 14-day RSI is above average, signaling a potential breakout is on the way.
IntelMarkets (INTL) is not just another exchange; it is a revolutionary platform that is set to make crypto trading more profitable. With state-of-the-art AI bots, blockchain technology, and fast trading, IntelMarkets provides traders with unmatched capabilities and speed. Say goodbye to manual decision-making and hello to the future.
IntelMarkets uses Intelli-M™ bots to perform trade, mitigate risks, and analyze markets with the help of AI. This revolutionary approach places IntelMarkets as one of the promising DeFi projects that presents excellent trading opportunities for novices and experienced traders.
In addition, IntelMarkets is designed to work with Ethereum and Solana blockchains, enabling users to trade at incredible speed and with minimal fees. Traders can choose any chain of their choice depending on their needs.
Given the features above, there has been a large influx of users into IntelMarkets' ongoing presale. The price of the DeFi coin has increased by 800% and is currently trading at $0.082455. Based on the interest from investors and the advanced features, the value of INTL could skyrocket by 10x soon.
From the article, the prices of Solana (SOL) and Cardano (ADA) have corrected to former lows in the past week. While there is potential for a rebound, investors are buying into this DeFi token called IntelMarkets. The project already increased by more than 800% through the first nine stages of its cryptocurrency ICO. Smart investors are taking advantage of the current price before it increases by 10x.
Presale: https://intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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