Whale movements often signal the next big trend in crypto. Right now, they have halted selling activity for the Cardano (ADA) coin. Analysts believe a price surge could follow suit soon.
Meanwhile, these whales have diversified their holdings into the hot new altcoin, IntelMarkets (INTL). The price of the INTL coin has surged by more than 810% in this bull market outperforming even the best altcoins including Dogecoin (DOGE) which is struggling under the $0.40 resistance level.
Whales Go Dormant On Cardano (ADA), Is Selloff Over?
In a recent tweet, Ali Martinez called the attention of his followers to the recent activities of whales for the Cardano coin. According to him, they sold over 180 million ADA between January 19 and 23.
However, recent data from Santiment reveals they have gone silent in the past few days. This could mean that selling pressure is over, allowing the Cardano crypto to gain momentum. Going forward, Sssebi notes Cardano (ADA) is pushing to reenter the symmetrical triangle.
The analyst notes that a daily close above $1 could be mega-bullish for the cryptocurrency. InvestingHaven forecasts the price of the altcoin might rally to $2.22. If the bullish momentum is high, the analyst expects a higher target of $2.95.
However, they say the altcoin must remain above $0.824. Meanwhile, the Cardano network has transitioned to a fully decentralized governance with the Plomin hard fork.
Can Dogecoin (DOGE) Still Cross $0.4?
Dogecoin (DOGE) is yet to post a strong decisive break above $0.4 in this current market cycle. CoinMarketCap data shows the memecoin has been consolidating between $0.3 and $0.4. The Dogecoin price has dipped by 6.1% on the weekly chart and 12.7% on the biweekly timeframe.
However, a crypto analyst called MadWhale on TradingView says this downtrend could change soon. He posted a chart that showed the value of the Dogecoin crypto rising $0.43.
The analyst is convinced that Elon Musk’s impact, technical signals, and other factors in the rest of the crypto space could push the Dogecoin token to this level soon. Another analyst called Coochie Fiend also believes Elon Musk has a key role to play in Dogecoin’s recovery. They forecast a price target of $10.
In the meantime, technical indicators like the Hull Moving Average (9) and VWMA (10) display sell signals that show bears are in control. However, this could change in the coming weeks.
IntelMarkets (INTL) Takes Crypto Trading To A New Level Using AI
IntelMarkets (INTL) is set to revolutionize the existing cryptocurrency trading environment with the help of the first intelligence marketplace. This platform enables users to purchase, sell, and exchange AI agents that are customized to different investment strategies and risk profiles, making it easier for anyone to use complex trading tools.
Intelli-M™ bots are at the heart of IntelMarkets, and these bots scan more than 100,000 variables to deliver real-time market information. These self-learning bots are always in a position to learn the market conditions and help traders make the best out of them without having to supervise them all the time.
Meanwhile, IntelMarkets provides leverage of up to 1000:1, which means that traders can control large positions with less capital. This feature is useful for the professional trader who wishes to get the most out of the market.
Meanwhile, IntelMarkets is currently in its crypto ICO phase and has raised over $7.9 million in funding. In this bull market, the INTL has skyrocketed by 810% and is priced at $0.082455. Based on its growth rate, the DeFi coin could climb to $1 soon.
IntelMarkets Steals The Show From Top Altcoins
While Dogecoin (DOGE) fights for a breakout and Cardano (ADA) sees declining whale interest, IntelMarkets is stealing the show. With its AI-powered trading innovations and impressive market traction, it has become the best crypto to invest in for investors seeking exponential growth.
For more information about IntelMarkets (INTL) visit the links below:
Presale: https://intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.