Solana (SOL) broke out of a bullish pennant on the weekly time frame. Crypto Faibik predicts that SOL’s value could reach $400 after the breakout. In the meantime, Intel Markets (INTL) had caught the attention of the inevitable in the crypto space.
Analysts predict that the cryptocurrency whose 700% rally shook the market could net new investors up to 10 times in gains. Such potential makes it one of the best cryptocurrencies to buy now. Furthermore, Ethereum (ETH) price could reach $5,000 if it breaks through the resistance at $4,000.
Solana (SOL) targets $400 after major breakout
Solana (SOL), the Ethereum killer, lost the $200 level after a massive downtrend. According to CoinMarketCap data, Solana coin price plunged 15.4% on the weekly chart and 28.7% on the monthly time frame.
In terms of price action, the value of the Solana token fell to $176 before gaining momentum to climb above $180. Looking ahead, the Moon Show believes that the future is bright for SOL. They noted that the Solana coin retested the massive triangle within 7 days. The Moon Show forecasts a medium-term target of $330.
In another tweet, Captain Faibik mentioned that SOL had broken out of a bullish pennant. The analyst predicts that the altcoin’s value could reach $400. Currently, the Relative Strength Index has fallen by almost $30. On the other hand, the Fast Stochastic Index (14) and the Average Directional Index (14) show buy signals, which is a bullish sign.
Ethereum (ETH) eyes $5,000
In a recent tweet, a prominent analyst called Jelle noted that Ethereum (ETH) is still fighting to break the $4,000 support level. The cryptocurrency suffered another rejection from the December 17 level. Jelle thinks the bulls will break free soon, because bears can’t stay strong for long.
In the event of a breakout, the value of the Ethereum token could rise as high as $5,000 in the coming weeks. Ethereum price is trading below $3.5k due to the ongoing market correction. Data from CoinMarketCap shows that the altcoin’s value has fallen by 15.3% over the past week.
A top trader called Daink notes that breaking the $3.4k level could pave the way for the Ethereum crypto price to return to $4k. On the other hand, the region’s loss could take the altcoin back to $2.75,000.
Separately, Ali Charts noted that whales are accumulating Ethereum (ETH). According to him, they purchased more than 340,000 ETH in the last four days, signaling an increase in trading volume and investor interest.
IntelMarkets (INTL): Ready for a Potential 10X Price Pump
Intel Markets (INTL) shocks the crypto market, raising over $5.2 million in funding during its highly anticipated pre-sale phase. Currently, the INTL token is trading at $0.073273 and the project is quickly becoming popular due to its recent 700% price rise. Some of the most prominent industry analysts are predicting a phenomenal 10x growth for the INTL token.
IntelMarkets helps traders be as flexible as possible by launching crypto perpetual futures where people can trade long-term without expiration issues. This revolutionary feature, coupled with the industry’s best leverage of up to 1000:1, opens up huge profit opportunities and at the same time allows traders to take full advantage of market fluctuations.
Traders can set up automated stop loss levels and limit orders and can use the power of trading robots to execute sophisticated trading strategies and reduce maximum loss. Additionally, IntelMarkets has a dual-chain system, compatible with the Ethereum and Solana blockchains.
This approach gives the trader the advantages of each of the blockchains such as scalability, low transaction fees, etc. IntelMarkets is equipped with unique features, AI trading tools and an ever-expanding user base, which will change the crypto trading market. This unique project is intended to become a market maker in the DeFi market, providing traders with many profitable opportunities.
IntelMarkets competes with top crypto coins like Solana and Ethereum for price gains
IntelMarkets is gaining momentum with investors thanks to its pre-sales success. Analysts say its artificial intelligence capabilities, unique features, and low market cap make it a good altcoin to buy for 10x profits. Investors who are staying away should take advantage of the ongoing presale to get INTL coin at a good price.
For more information on IntelMarkets (INTL), visit the links below:
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