Ethereum Forms Bullish Pennant; Dogecoin and This Coin Poised for Major Upside
The Ethereum price is displaying a bullish pattern, with a pennant formation suggesting a powerful breakout. MerlijnTrader says the Ethereum price might rally to $8,000 in the coming months. Meanwhile, Dogecoin is expected to soar to $0.21 if it remains above the support at $0.13.
In other news, a new gem called IntelMarkets (INTL) is making waves in the market after rallying 900%. The AI-powered platform seeks to merge AI and crypto trading together making it one of the top DeFi projects to watch out for. Its price is expected to rise by 10x this year.
Ali Martinez Tells Dogecoin (DOGE) Investors To Watch This Key Support
The Dogecoin price is under strong bearish pressure as it drops into the red region. CoinMarketCap data indicates the Dogecoin price has plummeted by 16.8% on the weekly timeframe, 14.9% on the monthly level, and 28.9% on the yearly chart. This Dogecoin price downturn comes as investors' interest in memecoins continues to drop.
Ali Martinez told his followers in a recent tweet to watch out for the key support level at $0.13. A drop below this level could pull the Dogecoin price to lower lows. In another tweet, Trader Tardigrade notes DOGE has been under the spring of Wyckoff Accumulation.
The analyst forecasts the Dogecoin price might surge to $0.21. However, the Dogecoin price must cross the resistance around $0.17-$0.18 to maintain a bullish momentum. In the meantime, the Dogecoin price has been fluctuating between $0.13 and $0.17.
Ethereum (ETH) Eyes Bullish Pennant Breakout
According to a top analyst called MerlijnTrader, the Ethereum price is trading inside a bullish pennant and is preparing for a breakout. If the breakout is successful, MerlijnTrader forecasts the Ethereum price might rise to $8,000 in the coming months. In a previous tweet, the analyst argued that the Ethereum price was mirroring Bitcoin's trajectory from 2021.
He told his followers not to overlook ETH and predicted the Ethereum price might pump to $24,000. In the meantime, the Ethereum price is trading below the $1,500 mark. The cryptocurrency's value has dipped by 23.2% in the weekly timeframe.
In addition, the Ethereum price had also plummeted by 28.2% and 60.2% on the monthly and yearly charts. Looking ahead, the Ethereum price has immediate resistance around $1,595 and $1,782. Surpassing them could clear the way to $2,000 or even $3,000 if bullish momentum is high.
IntelMarkets (INTL): The AI Powerhouse Gaining Momentum As Market Volatility Rises
Although analysts have predicted the Ethereum price could surge to $8,000, the bearish sentiment in the market could be a major obstacle. In the meantime, new altcoins like IntelMarkets (INTL) are gaining traction. Currently, IntelMarkets has already raised over $12.2 million and the value of the INTL token has increased by 900% to $0.091.
This DeFi project could be the next 10x gem in the market now given its AI features. IntelMarkets offers AI tools to retailers to make trading more profitable. It is based on Intelli-M, an AI bot system that uses more than 100,000 inputs, including charts and current market indicators, to make automated trading decisions. These bots are not just programmed to perform certain tasks but can adapt to different market scenarios.
In addition to the automated trading platform, IntelMarkets has an AI Agent Marketplace. Here, users can navigate and use specific AI agents for various strategies, which makes the platform suitable for novices and experts. For the newbies, IntelMarkets is a good trading platform to join for smart and data-backed trading.
What is the Best Crypto To Invest In Now?
The Ethereum price is on the verge of a major breakout while Dogecoin could soar to $0.21 in the coming weeks. On the other hand, IntelMarkets has become the next-gen coin for investors who want to make up to 10x ROI this year. Its low market cap increases its chances for growth, giving it enough room to climb higher.
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.
Text source: Crypto Daily™
