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According to a crypto educator called Budhil Vyas, Binance has been dumping large amounts of Ethereum, Solana, and other altcoins in the last 24 hours. This huge dump has caused the Ethereum price to drop on the charts. FUD has increased among investors who are expecting more downtrend.
In the meantime, IntelMarkets (INTL) has become a safe haven for investors, having soared by 900%. Investors are currently turning to this AI altcoin to shield their investments from further decline. The value of IntelMarkets is expected to skyrocket by 10x in the coming months.
The ETH price is currently showing losses on the weekly and monthly timeframes as the market swings into selling mode. CoinMarketCap data shows the ETH price has plunged by 2.4% on the weekly chart and 18.7% on the monthly level.
Selling pressure has kept the ETH price under the $3k level but this could change soon. CryptoGoos and Crypto Caesar say a breakout is coming. The former notes the ETH price could rally to $3,700 in the coming weeks.
Meanwhile, the latter says the ETH price might experience a crazy breakout soon. CRYPTO Caesar says the ETH price might surge to $3,200 in the next few weeks.
In the meantime, the ETH price has to surpass the resistance of around $2,900 and the 200-SMA ($3,078.90). However, the technical indicators are bearish. The VWMA (10) and Hull Moving Average (9) are in the selling territory which means bears are in control.
In a recent tweet, a top analyst called AMCryptoAlex tagged the Solana coin as one of the most resilient ones in the market. Despite lots of FUDs in the market caused by the upcoming $11.2 million SOL unlock, the Solana price has remained above the support trendline.
According to the analyst, the Solana price has been trading in an ascending channel in the past week. AMCryptoAlex forecasts the Solana price could surge to $350 in the coming weeks if it remains within this channel.
Falling outside the channel could invalidate AMCryptoAlex's Solana price prediction. Meanwhile, another analyst called CryptoBeast says the Solana price is crashing. They expect the Solana price to dump to $100 in the coming weeks.
In the meantime, the Solana price has dropped by 14.6% on the weekly level and 37.0% on the monthly chart. The Solana price has been trading between $155 and $185 after losing the $200 level.
IntelMarkets (INTL) is a new generation platform that will revolutionize the crypto trading market with a worth of $347 billion through the use of artificial intelligence. The first benefit of IntelMarkets is the use of AI bots.
Being the development layer of the IntelMarkets’ blockchain, Rodeum AI provides traders with lots of information from various sources. With this data, their probability of making the right trading decisions increases. Over the months, data and information have been significant determinants of the difference between the highly paid traders and low earners.
This is where IntelMarkets comes in to help balance the odds with its AI bots. Security is another area that IntelMarkets has not neglected and it is one of the biggest strengths that the company boasts of. It has quantum-proof protection with the Route X21 protocol; the assets are protected against quantum computer attacks.
IntelMarkets has become the best ICO in the present day. Currently, at the tenth stage of the presale, the INTL token is valued at $0.091. It has amassed over $10.8 million in funding which would be used to improve the platform.
While Ethereum and Solana are struggling, IntelMarkets is emerging as the new crypto solution for those who want stable and high returns. It has weathered the current storm by soaring 900%. As the adoption rate of INTL rises and the approach to trading gains ground, INTL could be the future of AI-based crypto trading.
Presale: https://intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
