While the memecoin king is forming a bullish signal in the network, IntelMarkets (INTL) is topping charts with mind-blowing platform fundamentals and Nvidia backing. Analysts say this AI newcomer could dominate DOGE’s 2021 run with its jaw-dropping presale performance. So far, the platform has raised over $12 million in funding and sold 40 million INTL tokens.
DOGE Descending Triangle Breakout Hints Bullish Signals Ahead
Dogecoin (DOGE) appears to have completed a multi-month corrective pattern and is now showing signs of a fresh, huge breakout. The confluence of a falling wedge breakout, improving momentum, and early-stage Elliott wave counts indicates the beginning of a bullish structure that could take the Dogecoin price to new avenues.
Analysts observed the higher timeframe setup on the 4-hour chart and a near-term breakout structure on the 1-hour chart. On the 4-hour chart, the Dogecoin price has emerged from a prolonged correction denoted by an ABCDE falling wedge formation. The final wave (E) completed near $0.14, slightly below DOGE’s 0.786 Fibonacci retracement of the previous impulsive cycle.
The breakout above the wedge and horizontal resistance at $0.174 brought a strong shift in the Dogecoin price. Elliott Wave labeling suggests the prior five-wave impulse from $0.06 to $0.48 culminated in November, followed by a broad corrective wave for DOGE that concluded with the recent breakout.
DOGE Technical Indicators & Future Outlook
This breakout confirms the end of the corrective phase and the probable start of a new impulsive cycle with more optimism for the Dogecoin price. The Relative Strength Index (RSI) on the 4-hour timeframe broke out from neutral territory and now holds near 70, reflecting growing bullish pressure for DOGE. Despite the breakout, the Dogecoin price still faces resistance.
This includes the 0.618 Fibonacci retracement at $0.24 from the prior decline and key structural zones around $0.20 and $0.25. The current advance suggests wave 1 of a new impulsive series is underway, and bulls may attempt to establish higher lows above the breakout zone for continuation.
The 1-hour chart for the Dogecoin price provides clarity on the immediate wave structure post-breakout. DOGE appears to be unfolding a five-wave structure from the March 11 low at $0.143. Waves (i) and (ii) seem to be completed, and the current rally suggests wave (iii) is in progress. The breakout reached the 0.786 Fibonacci extension at $0.188, confirming initial bullish momentum.
IntelMarkets (INTL) Overshadows DOGE With Nvidia Backing
As the memecoin market shows recovery and pulls memecoin investors, IntelMarkets (INTL) is shifting trends with its explosive presale and mind-blowing platform fundamentals. Backed by Nvidia’s powerful H200 GPUs, IntelMarkets offers lightning-fast execution speeds and high scalability. The platform is positioned for more technological advancements in the near term.
As the Dogecoin price hints at a potential rally in the upcoming sessions, DOGE investors are prioritizing IntelMarkets’ $0.09 altcoin over this memecoin king. The platform’s self-learning robots that work as AI agents bring traders holistic trading signals and high-ticket trades. That said, INTL could take over DOGE with its rapid adoption among memecoin enthusiasts.
Can IntelMarkets (INTL) Beat DOGE’s 2021 Run?
Even though the recovering Dogecoin price trend has raised some eyebrows, IntelMarkets (INTL) is leading many presale projects with its strong presale demand. Additionally, the platform is positioned to potentially outshine DOGE’s 2021 run amid speculations about its explosive breakout in Q2.
The memecoin projects have been around far longer before the launch of IntelMarkets, but this platform’s strong fundamentals and mind-blowing product suite are what set it apart. With its presale selling out fast, make sure to visit IntelMarkets’ presale today to claim your next high-stakes opportunity in the volatile crypto market.
Discover More About IntelMarkets:
Presale: https://intelmarkets.io/
Buy Presale: https://buy.intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
