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Solana is preparing for a powerful rally to $290. The interest of the whale in Cardano and a growing DeFi coin could trigger a price increase.
Most of the top altcoins in the crypto market are currently in a consolidation phase after the recent price pump. One of them is Solana (SOL). Analysts have predicted that a breakout could happen in the coming weeks, which could propel it to $290.
On the other hand, whales are showing great interest in Cardano (ADA) and a new DeFi coin called Intel Markets (INTL). They have stockpiled millions of both coins recently, a move that could trigger a bull run in the coming weeks.
Solana faces major resistance in the $290 path
Crypto analyst Pentoshi believes that Solana coin is preparing for a price breakthrough after a long period of consolidation. CoinMarketCap price information shows that Solana has consolidated between $215 and $245 in the past week.
The value of the token has fallen by 8.9% in the last 14 days. However, analysts expect a reversal in the coming weeks. ColdBloodShill predicts that Solana’s price could rise to $300 in the coming weeks.
Another expert named The Moon Show expects an upside at $290. However, Raoul Pal highlighted a major resistance around $260. According to him, breaking this level is crucial for the acceleration of the Solana crypto.
Looking at Solana’s technical indicators, the bulls are still active. The relative strength index is above the average line, signaling high buying pressure. Also, the Stoch RSI (14) hints at a potential upsurge as it flashes a buy signal.
Cardano whales take 100m ADA as analyst predicts rally to $1.5
In a recent tweet, top analyst Ali Martinez revealed that Cardan whales are on a shopping spree. According to him, they bought more than 100 million ADAs in less than 24 hours. This increased buying activity could be the much-needed trigger to push the Cardano coin above the $1.30 resistance.
Ali believes that the altcoin has formed an ascending triangle. He predicts that the price of Cardano could reach $1.50 in the coming weeks. Meanwhile, ADA is trading above the $1 level despite the recent downward trend that the cryptocurrency has experienced.
Data from CoinMarketCap shows that the value of the Cardano token has increased by 228.0% on the monthly chart. The percentage increase in the weekly calendar fell to 11.0%.
Going forward, the sentiment surrounding Cardano is bullish. The relative strength index is in the overbought zone which signals high buying pressure. The Fear and Greed Index also shows Greed, a sign that investors are still optimistic.
Intel Markets brings AI to crypto trading
Intel Marketsone of the leading DeFi projects, is preparing to disrupt the business market with its patented AI blockchain. The goal is to provide the same chance for institutional and retail investors to use first-class tools for trading.
Intel Markets will offer a complete set of AI tools that could revolutionize trading. Among them is the omnichannel analysis of the platform that gives a unique and accurate signal for trading, pulling data from different sources. Intel Markets provides traders with more than 100,000 financial instruments and tracks even the smallest market changes with the help of AI.
There are also AI-based bots that are designed to increase traders’ chances of making a profit. In addition, users can trade with a leverage of up to 1000:1 that translates their small capital into big profits. In addition, Intel Markets has a dual-chain architecture through which traders can trade with Ethereum or Solana.
These features have drawn attention to Intel Markets’ current presale which has already received more than $2.7m from investors. The presale is now in stage 7 and INTL tokens can be purchased at $0.064. Investment experts predict that investors could earn 1000% in the next few months.
Final thoughts
As Solana prepares for a breakout, whales are betting big on Cardano and Intel Markets. They believe that these top cryptocurrencies could see explosive growth in the coming weeks, and smart investors are already taking advantage of the low prices to build up their portfolios.
To learn more about Intel Markets, visit the presale websiteu official website and join the community.
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