With recent price shifts shaking up Cardano’s (ADA) prospects, the crypto market is closely watching how ADA stands against the rising tides of Solana (SOL) and Ethereum (ETH). Meanwhile, IntelMarkets (INTL), a new player with AI-driven trading features, has drawn investor attention with its successful presale and ambitious future. Here’s a breakdown of each crypto’s position and what investors need to know.
ADA’s Key Support Level Breaks: Is Cardano Headed for New Lows?
Recent price movements for Cardano (ADA) point to potentially more drops ahead, especially when a bearish MACD crossing appears on its daily chart, which might be an early indication of a trend reversal.
Recently, the Cardano (ADA) price challenged $0.3261, a critical support level that corresponds to the 100% Fibonacci retracement level. If this support is unsuccessful, ADA may drop to about $0.319 or even more.
Though the present state of the market indicates that there is not enough purchasing pressure, Cardano (ADA) needs to rise over $0.37 in order to resume its positive momentum.
Cardano (ADA) is also seeing volatility in the futures market resulting in traders choosing to short ADA, which makes sense considering its present position. The absence of bullish support may weaken the trust of roughly 80% of ADA investors, who are now losing money and could lead to a selling frenzy.
Solana’s (SOL) Ongoing Bull Run: Could Solana Hit 10x by 2025?
Lately, Solana (SOL) has picked up a bullish momentum and has been outpacing leading crypto coins since then. This can be credited to its Pump’s comeback.fun surge which is a platform for minting tokens.
Data shows that between September 1 and October 24, Pump.fun’s daily token generation increased by 260%. In the same period, daily active addresses have increased by 198%. As a result, the price of Solana has increased by 14% in the last 30 days.
According to analysts, more activity on Pump.fun during the bull market may cause the price of Solana to rise up to 10x in 2025.
Is Ethereum’s Long-Dormant Phase Over? Signs of a Bullish Turn
Ethereum (ETH) after a long phase of stagnation is showing signs of life. This rally comes following the increased exchange withdrawals by investors.
After finding support at the rising trendline on Friday—which was derived from connecting many low levels with a trendline since early September—the price of Ethereum rose by 8.59% until Tuesday. It is still trading higher as of today, at about $2,678.
If the rising trendline remains supported, Ethereum (ETH) may rally to its current level and retest its 200-day EMA around $2,769. If it closes above $2,820, it will continue to rise by another 15% to retest its next weekly resistance level at $3,236.
However, the investors fear the negative flows from Ethereum exchange-traded funds (ETFs) will be unfavorable to the surging price of Ethereum (ETH).
IntelMarkets (INTL) Raises $1.6M: What’s Driving This Token’s Demand?
Meanwhile, Cardano (ADA) sinks against stellar performances of Solana (SOL) and Ethereum (ETH), another coin, INTL, has been capturing headlines too lately. This coin was recently launched and serves as a native currency for IntelMarkets, an IntelMarkets (INTL) AI-powered trading platform.
Through its innovative offerings and solid backing, Intel has captured the attention of investors all around the world. This AI-powered trading platform brings us a plethora of cutting-edge features like dual-chain trading, omnichannel systems, multichannel analysis, AI-powered trading robots, quantum-proof security and so much more.
Investors have resonated with this platform a lot and have been filling their bags with INTL tokens. It is apparent by its ongoing presale, which is currently in its stage 4, and has already raised over $1.6M in funding. This reflects nothing but the confidence and trust of investors in this upcoming platform. Its presale is rapidly fasting, if you want to be part of this transformative power then check it out.
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
