IntelMarkets (INTL) Gains Traction as Dogecoin (DOGE) Investors Search for New Home After Profit-Taking Creates Sell-Off Pressure

After an astounding 48% surge earlier in October, Dogecoin (DOGE) has experienced a slight pullback. From its local peak of $0.149 two days ago, the memecoin has fallen more than 7% as of today.

Dogecoin (DOGE) has experienced a slight pullback from its recent highs, with investors shifting their attention to IntelMarkets (INTL), a next-generation AI-driven trading platform.

DOGE price pulled back on Monday as its recent rally showed signs of slowing down. The meme coin, which began the day trading at $0.137, dropped to a minimum of $0.136.

This price represents a decrease of around 7% from the local peak of $0.149, which DOGE reached two days ago. In the last 24 hours, the token has also dropped by more than 3%.

The selling pressure on DOGE might be attributed to investors taking profits, which is linked to the traders' growing risk-off attitude, which adds to the selling pressure.

When Dogecoin (DOGE) price started to fall, its daily relative strength index (RSI) peaked at over 70. This level typically signifies an “overbought” scenario and anticipates a period of correction or consolidation.

In simpler terms, traders likely began locking in profits as they believed the price had peaked in the short term.

Dogecoin’s (DOGE) price decline is occurring simultaneously when its main exponential moving averages (EMA) seem to be forming a golden cross, which is making things more interesting.

This occurrence has coincided with substantial price declines in the past months.

Usually, this golden crossover is interpreted as a positive indicator that suggests the possibility of a long-term rise.

But in the case of Dogecoin (DOGE), golden crosses haven’t resulted in instant buys. Overbought situations are instead frequently created by early buying activity driven by anticipation of the crossing.

Well, this growing selling pressure has got everyone thinking about where is all capital moving from Dogecoin (DOGE).

Many analysts have speculated that it’s IntelMarkets (INTL) that is pulling all of this capital.

IntelMarkets: The New Home for Crypto Capital After Dogecoin’s Dip

IntelMarkets (INTL) is a recently introduced project that is bringing the crypto world its first true modern-gen trading platform.

This has resonated with Dogecoin (DOGE) investors a lot that they have been busy since investing in this project.

This upcoming trading platform will be powered by AI at its every step, making it revolutionary in its true sense.

Its features are what sets it truly apart from the crowd out there in the AI-crypto sector. To list down a few:

-IntelMarkets will be offering its users 100x leverage on crypto trades, something that is unheard of in the crypto space.

-The platform will also be featuring a unique decentralized derivatives exchange (DEX) that will be catering to trades across asset classes.

-Traders on the platform will be able to automate their trades completely with the help of AI-powered trading bots.

-The platform will also be featuring a decentralized autonomous organization (DAO) that will be governing the platform.

These features have created a buzz all around the crypto world even before the official launch of the platform.

As the launch date nears, IntelMarkets is expected to reveal more of its cutting-edge features.

Investors Flock to IntelMarkets Presale: Is 1100x Growth Next?

Market response to IntelMarkets (INTL) has been phenomenal so far.

Its presale, which was recently opened to the public, raised over $1.57 million in no time.

This comes after IntelMarkets (INTL) private seeding round, which raised over $550k from Fortune 500 investors. INTL token is currently available at only $0.03, and it is anticipated to grow over 1100x in the coming months.

Dogecoin (DOGE) investors are attracted by these classic offerings and enormous profit potential.

It is expected that investors from other leading crypto might dive into this project soon.

Discover More About Intel Markets:

Presale:https://intelmarketspresale.com/

Buy Presale: https://buy.intelmarketspresale.com/

Telegram: https://t.me/IntelMarketsOfficial

Twitter: https://x.com/intel_markets