The crypto market is cooling off from the Donald Trump election victory that pushed altcoins to new highs last month. Coins like Shiba Inu (SHIB) and Solana are trading in the red region.
However, analysts forecast their prices could break out of the bearish trend soon. SHIB could surge to $0.00008645 while Solana might reach $264. Meanwhile, an AI coin called IntelMarkets (INTL) could see 10x returns in the coming weeks.
Shiba Inu (SHIB) Could See 178% Growth After Breakout
In a recent tweet, The Krypto King pointed out that Shiba Inu (SHIB) has been in a downtrend since late 2021. However, he noted that this is another to change. According to him, the Shiba Inu token is exiting this three-year consolidation range.
The Krypto King forecasts the Shiba Inu price could increase by 178% to $0.00008645. In the meantime, the Shiba Inu coin is trading between $0.00002603 and $0.00003294 on the weekly chart.
The price of the memecoin has plunged by about 9.4% in this timeframe, per CoinMarketCap. However, its technical indicators – VWMA (10) and Hull Moving Average (9) are hinting at an upsurge. So, we might see a trend reversal in the coming weeks.
Meanwhile, Shiba Inu’s Shibarium has reached a new milestone. Data from Shibarium Scan reveals the number of waller addresses has crossed 2 million. Also, the total number of transactions has crossed 500 million, signaling high investor activity.
Solana (SOL) Predicted To Rally To $264
A top analyst, CryptoJack, has highlighted strong support that could push the Solana coin to its current peak. Cryptojack’s chart noted that this support is around $160-$190 and could be a good entry point for buyers.
If the ongoing Solana (SOL) price downtrend continues, this level could trigger a trend reversal. If this happens, the analyst forecasts a price target of $264.
At the moment, the Solana token is trading between $213.40 and $244.36 on the 7-day chart. Data from CoinMarketCap shows the value of the altcoin has plunged into the red zone with a decrease of 7.7% on the 14-day chart.
Despite the price decline, the Solana crypto is bullish on higher timeframes. There is a 5.6% price increase in the 30-day timeframe. In addition to this, technical indicators like the VWMA (10) and Hull Moving Average (9) are in the buying territory which is a bullish sign.
IntelMarkets (INTL) Taps Into AI Technology To Democratize Advanced Trading Tools
IntelMarkets (INTL) is a project that combines AI and DeFi to develop a platform that could revolutionize the $36.5 billion cryptocurrency trading industry. It allows traders to employ AI trading tools that were once reserved for experts. Fortunately, IntelMarkets is introducing them to retail traders. IntelMarkets is the first exchange protocol that has integrated AI at all levels of its hierarchy.
AI gives the users a high level of satisfaction as well as efficiency to enable them to get higher profits. One such tool is the Rodeum-based AI trading bot. This bot has a self-learning feature. They can learn from mistakes and get better after each trade.
The bot can also mimic the moves of the experts and their risk tolerance. Furthermore, IntelMarkets has a dual-chain structure. It can operate on the Ethereum and Solana blockchain. This duality serves to provide the users with the best of both worlds.
They can leverage Ethereum’s connection to smart contracts or benefit from the speed and low fees of transactions of Solana. Currently, IntelMarkets is still in its cryptocurrency ICO and has increased by more than 600% to reach $0.064091. The DeFi project has raised over $4 million and plans to reach $5 million in the coming weeks.
Final Words
While Shiba Inu (SHIB) aims for a breakout, Solana (SOL) is vying for trend reversal. Meanwhile, an AI coin called IntelMarkets is set for a potential 10x in the coming months. Analysts argue its unique utility and AI connection make it a good cryptocurrency to buy.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
