The crypto market is currently experiencing a massive downturn. The prices of Solana (SOL) and Ethereum (ETH) have taken a massive hit as bulls struggle to hold support levels. Currently, Solana's price has dipped below $200 while Ethereum has dropped below $3,500.
On the flip side, IntelMarkets (INTL) has emerged as a top performer amid the downtrend as it recently increased its gains to 700%. As one of the top AI coins in the market right now, analysts forecast its price could surge by 20x going into the new year.
Solana (SOL) has finally lost the $200 support level as the downtrend worsens. CoinMarketCap data indicates the Solana price has plunged by 14.2% on the weekly level. The losses have even affected the biweekly and monthly charts where SOL's value has dropped by 19.2% and 17.8%, respectively.
Technical indicators like the VWMA (10) and Hull Moving Average (9) are showing bearish signs. Nevertheless, experts believe the Solana coin could recover from this downturn. One of them is Jelle. He noted that the altcoin has formed a wedge which it has confirmed as a major support.
Jelle forecasts the value of the Solana crypto could rise to $325. A trader called Jonnie King believes Solana’s (SOL) could recover if bulls hold the support around $190. Failure to do so could lead to a retest of lower supports at $175 and $165.
Cryptocurrency analyst Poseidon believes that $3,400 is the lowest possible price for Ethereum (ETH). From this point, he expects a straight climb up to the $4,000 level and a successful breakout. According to Poseidon, sellers have run out of steam and buyers are about to take over.
Another analyst called Inmortal gave a similar prediction too. He told his followers the Ethereum price could bottom out around the $3,200-$3,400 level. Afterward, the Ethereum coin price might rally to $4,600. In another tweet, Ali Martinez emphasized the importance of the Ethereum token crossing the $4,100 mark.
According to him, this level is a major barrier. Surpassing it could push the price of the altcoin to $6,000. In the meantime, Ethereum's (ETH) value has decreased by 14.5% in the weekly timeframe. CoinMarketCap data shows the altcoin broke the support at $3,600 on Thursday.
Having recently crossed the $4.9 million funding mark and quickly rising towards the $5 million mark, IntelMarkets (INTL) is steadily growing in popularity among other top crypto coins. Experts forecast the INTL token price could skyrocket by 20x in 2025 due to the platform’s unique opportunity.
IntelMarkets is a groundbreaking company in the sphere of crypto trading that provides traders with the most advanced tools. Using AI, IntelMarkets processes an incredible amount of information, including more than a thousand sources and over 100,000 assets, which allows traders to receive valuable information about the market and find profitable trades.
The foundation of the business model of IntelMarkets is its AI trading bots, designed to recognize market trends and improve their strategies based on previous performance of trades. These self-learning bots do not need to be coded and adapt their algorithms and trading patterns on the basis of live feed.
They can change risk parameters, allocate capital, and exploit market opportunities in a way that is almost impossible for any other organization. These offerings place IntelMarkets at the forefront of crypto trading today and in the foreseeable future, allowing traders to work on a new level. At the current price of $0.073273, the INTL token is the top crypto to buy now.
The ongoing price correction has affected the price movement of Solana and Ethereum. Their prices have dropped to former lows, putting most investors in losses. On the other hand, IntelMarkets had been on a wide run, rallying by over 700%. Investors looking for what crypto to invest in can consider this new AI giant.
Presale: https://intelmarketspresale.com/
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Twitter: https://x.com/intel_markets
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