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Cryptocurrency News Articles
Cardano Forms Bullish Pattern Targeting $2, While Dogecoin and IntelMarkets Eye $1, with INTL Up 700% for Early Investors
Dec 19, 2024 at 04:30 am
Cardano (ADA), one of the top altcoins in the market, has formed a bullish pattern that could push it to $2. Meanwhile, Dogecoin (DOGE) and a new coin are poised to reach $1 in the coming months.
Cardano (ADA), a top altcoin, has formed a bullish pattern that could push it to $2, while Dogecoin (DOGE) and a new coin are poised to reach $1 in the coming months.
The new coin, called IntelMarkets (INTL), has given early investors over 700% returns on their investments, far more than what DOGE and ADA have given investors. As a result, analysts believe it could peak above $1 before DOGE.
Cardano targets $2 after forming bullish pattern
According to VipRoseTr, an analyst, the Cardano coin is expected to produce a bullish breakout in the next chart period. From the daily chart, the analyst observed that ADA has formed a symmetrical triangle, which is a bullish pattern formation that suggests an upward movement.
Currently, the price of the Cardano token is approaching the lower support zone at $1.059, which presents a good buying opportunity. Potential targets for the Cardano price after a breakout are $1.4594, $1.7574, and $2.0387. The Cardano coin is showing mixed sentiment on the price chart.
Data from CoinMarketCap indicates that its value has dropped by 4.5% on the weekly chart. However, the Cardano crypto is up 40.1% on the monthly chart. The rising relative strength index is a sign that bulls are gaining momentum, and we could see a price surge soon.
Dogecoin aims for breakout, targets $1.5
Last year, Dogecoin surprised the market with a 200% gain to hit $0.48 last month. This rally allowed the Dogecoin token to climb up the crypto ladder. While the memecoin has witnessed a minor correction, CoinMarketCap data shows it is among the top 8 cryptos in the market by market cap.
On the weekly timeframe, the Dogecoin price is consolidating between $0.3696 and $0.4471. Analysts are looking forward to a price surge in the coming days. EWT forecasts the value of the Dogecoin crypto might surge to $1.5 in the coming weeks.
However, the meme coin must claim $0.5 and then rally to $1 first. Going forward, Dogecoin (DOGE) faces resistance at $0.44 and $0.47. Claiming this region would push DOGE to a new yearly peak of $0.5.
IntelMarkets is changing crypto trading with AI
Unlike the usual crypto trading platform, IntelMarkets is a new leap forward in the world of crypto trading. Being based on AI and blockchain, this platform allows traders, even novices, to get the most out of the crypto market. Imagine a world where trading is done without constant monitoring and with high-profit potential.
With IntelMarkets, this vision becomes a reality. Using such sophisticated AI tools as Rodeum AI™ and Intelli-M™ self-learning bots, IntelMarkets provides a fully automated trading environment. These intuitive and complex algorithms pay close attention to market trends, perform accurate trades, and adjust easily to changes in market situations as investors sleep.
As a result, IntelMarkets can make retail traders more efficient and gain more returns. IntelMarkets bridges the gap between retail and institutional traders by providing access to advanced tools and features, including multi-channel analysis and up to 1000:1 leverage.
IntelMarkets is growing fast with its unique concept and support from investors. The INTL token is trading at $0.073273. According to industry experts, the token is expected to increase by 10x in the coming months.
In Conclusion
Cardano could break out of its bullish symmetrical triangle in the coming weeks, making it one of the best altcoins to watch. Also, Dogecoin and IntelMarkets are gaining more ground in the market. Their value could pump in the next few weeks, according to experts.
For more information, visit the IntelMarkets presale website and join the community on Telegram and X.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- OTC Markets Group Welcomes Osprey BNB Chain Trust to OTCQX
- Dec 19, 2024 at 09:05 am
- NEW YORK, Dec. 18, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, announces Osprey BNB Chain Trust (OTCQX: OBNB), provides a simple and secure exposure to BNB, the native token of the BNB Chain ecosystem, has qualified to trade on the OTCQX® Best Market. Osprey BNB Chain Trust was previously privately-held.
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- Osprey BNB Chain Trust Qualifies to Trade on OTCQX® Best Market
- Dec 19, 2024 at 09:05 am
- NEW YORK, Dec. 18, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, announces Osprey BNB Chain Trust (OTCQX: OBNB), provides a simple and secure exposure to BNB, the native token of the BNB Chain ecosystem, has qualified to trade on the OTCQX® Best Market.
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- HashKey Chain Mainnet Impressive Performance Metrics, Hong Kong's Crypto Framework Expands
- Dec 19, 2024 at 09:05 am
- HashKey Group launched the Ethereum layer-2 HashKey Chain mainnet on Dec. 18, following a successful testnet period. The testnet phase saw over 24.72 million transactions and registered 860,000 wallet addresses within one month.
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- Jerome Powell’s Comments on Bitcoin Reserve Fuel Uncertainty In Crypto Market
- Dec 19, 2024 at 09:05 am
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- Texas Strategic Bitcoin Reserve Act: BTC Indicator Paints a Path to $190,000 in 2025
- Dec 19, 2024 at 09:05 am
- The proposed legislation aims at making the state treasury invest directly in BTC. It seeks to push for the government agencies in Texas to start accepting cryptocurrencies as well, which the state can then convert to boost its Strategic Bitcoin Reserve.
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- Fed Chair Powell Says U.S. Central Bank Has No Desire to Stockpile Bitcoin
- Dec 19, 2024 at 08:55 am
- By Michael S. Derby, Ann Saphir NEW YORK (Reuters) -Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin.