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The death cross that has recently occurred in the DOGE price chart has raised the alarm that there may be a downtrend shortly. As a result, smart investors are running to top DeFi projects like IntelMarkets (INTL) which are currently trading under $1.
IntelMarkets could be the crypto gem that could give investors up to 10x gains in the coming months. IntelMarkets is one of the platforms that leverage AI in crypto trading. Meanwhile, MR BANANA indicates the Cardano price is undervalued and might rise to $3.
Dogecoin (DOGE) Could See Downtrend After Death Cross Formation
Ali Martinez, a crypto expert, has uncovered a bearish pattern on the DOGE price chart. The analyst notes that there is a Death Cross between the 200-SMA and MVRV ratio. According to Ali, the DOGE price dropped by 26% and 44% the last time such a pattern occurred.
So, the DOGE price could drop to test the $0.20 region in the case of a downtrend. Santiment data reveals that whale activity on the Dogecoin network has dropped by 88% since November. This drop in whale accumulation shows that investors’ sentiment is dropping. It could also mean a DOGE price dip is on the way.
At the moment, the DOGE price has increased by 6.0% on the weekly timeframe and 5.1% on the monthly level. It remains one of the top memecoins trading in the green region. On the other hand, CoinMarketCap data indicates the DOGE price has plummeted by 33.5% on the monthly level.
Cardano (ADA) Is Undervalued, Says Analyst
Sssebi, a crypto analyst, recently highlighted 5 reasons why they believe the Cardano price might increase in the coming weeks. They mentioned a possible partnership with Microsoft and the launch of a Cardano ETF. Sssebi also noted that the Cardano blockchain could become Bitcoin's DeFi layer.
In the meantime, the Cardano price has been on an uptrend in the last few days. CoinMarketCap data shows the Cardano price is consolidating between $0.80 and $0.83. Its value has soared by 15.2% and 13.5% on the weekly and biweekly timeframes.
Such positive movement could push the Cardano price above the $1 level soon. Ali Martinez forecasts the Cardano price might surge to $15 in the long term. Another analyst called MR BANANA says the Cardano price might surge to $3 soon. He told his followers the altcoin was greatly undervalued and might rally soon.
IntelMarkets (INTL): AI-Powered Trading and the Future of Crypto
IntelMarkets (INTL) is set to transform the cryptocurrency market through the use of AI, and blockchain technology. In contrast to other trading platforms, IntelMarkets offers users AI Intelli-M™ bots that can process more than 100000 pieces of information per second, make accurate and fast trades, and exclude human factors.
These bots can also adjust to market conditions and keep traders informed of price changes without having to constantly look at the charts. Another feature that makes IntelMarkets stand out is copy trading.
Here, a new trader can follow the actions of an experienced trader without any difficulties. This means that traders can make profits as they copy trades from the best-performing investors, thus making high-level trading possible for everyone.
For those who want to get the maximum exposure to the market, IntelMarkets provides 1000:1 leverage, which means that traders can make a lot of money with a small amount of capital. The IntelMarkets presale has raised over $9.5 million in funding. The INTL tokens cost $0.082 and could soar as the demand rises.
Why IntelMarkets is the Best DeFi Crypto To Buy
While Dogecoin is still trying to recover from the recent downturn, IntelMarkets is introducing a new AI-based trading system. Those who take part in its ongoing presale could increase the value of their portfolios in the coming weeks. So, those looking for the best crypto to buy should take part in the ongoing presale.
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: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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