Per a popular chartist, Ali Martinez, the Solana price is expected to drop to $60 if it loses the support around the $125 level. In the meantime, the SHIB price is declining on the charts, forcing investors to turn to a new crypto called IntelMarkets (INTL).
This is an AI trading project that has been thriving in a bear market despite noting some little setbacks. Its value has increased by 900% while raising $11.2 million in funding. The value of IntelMarkets will soar by more than 360% and be listed at $0.42, attracting investors.
Shiba Inu (SHIB) Stuck In Bearish Cycle
Over the past few weeks, the SHIB price has been stuck on a downtrend as investors turn to utility-based DeFi projects like IntelMarkets. Also, the downtrend in the broader financial market coupled with increased tariffs in the US has sent top memecoins toppling down the charts.
Currently, the SHIB price is in the red territory. CoinMarketCap data indicates the SHIB price has dropped by 8.3% on the weekly timeframe to the $0.000013 region. The SHIB price is also bearish on higher timeframes: 10.9% on the monthly level and 63.4% on the yearly chart.
Looking ahead, CryptooELITES says the SHIB price might jump to $0.000085171 in the next few weeks. The analyst noted that the SHIB price could increase as Bitcoin’s dominance reduces. Another analyst called SHIB Bezos has said that the SHIB price could rally by 1,000%. He told his followers to stay calm as profits from Bitcoin, Solana, and Ethereum.
Solana (SOL) Could Crash To $60, Says Analyst
Ali Martinez, an on-chain chartist, forecasts the Solana price could fall to $60 based on a bearish pattern. The analyst noted the Solana price has been forming a right-angled ascending broadening pattern since March 2024.
Over the subsequent months, the Solana price has been creating a rising trendline at the top with every upward movement. Ali notes that $125 has acted as a strong support since then. He believes that losing this support could cause a 50% correction, which would pull the Solana price to $60.
On the other hand, a Solana price surge could follow if bulls defend this support. In a former tweet, Ali had predicted the Solana price could surge to $264 in the coming weeks.
So, investors should keep an eye on the $125 support for future price movement. In the meantime, the Solana price has been consolidating between $130 and $150 in the past few days. CoinMarketCap data reveals the Solana price has increased by 4.7% on the weekly chart but has dropped by 28.1% on the monthly timeframe.
IntelMarkets (INTL) To Pump 362% At Launch Price
As the Solana price declines, IntelMarkets (INTL) stands out as its presale surges by over 900%. Those who join now will still get gains of over 362% as INTL will be listed at $0.42 from its current price of $0.091. Currently, the project has managed to raise over $11.2 million.
The ongoing presale is the best chance that early investors have to be part of a new-generation trading platform that is powered by artificial intelligence. IntelMarkets will offer trading intelligence products to the masses so that small retail traders can compete with large institutions.
IntelMarkets’ Rodeum AI bots can scan through large volumes of blockchain data to identify whale activities, changes in liquidity, and price fluctuations before they occur. These AI bots are not like conventional algorithms because they adapt to market conditions and improve their strategies for the best returns.
IntelMarkets also presents Quantum Level memberships, which is a unique system that pays out USDT monthly based on the profits from AI trading. This feature enables users to earn passive income while reaping from IntelMarkets’ fast trading platform. Furthermore, traders are provided with unique deep liquidity pools and an automated portfolio management system, which makes trading more effective and profitable.
IntelMarkets Emerges As the Best Crypto Investment
As bulls try to keep the Solana price above $125, investors are turning to top performers like INTL. This DeFi coin is the native token of an upcoming platform that seeks to revolutionize the crypto trading market with advanced AI trading tools. So, investors looking for the best crypto to buy should consider INTL. Meanwhile, IntelMarkets has a 75% bonus for those who use the code ‘SELLOUT’.
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
