Shiba Inu (SHIB) is retesting the Ichimoku Cloud after the recent correction that hit the crypto market. A top analyst predicts a breakout could occur in the coming weeks. If this happens, the value of SHIB could pump to $0.000049369.
Meanwhile, Bitwise has predicted that the price of Ethereum (ETH) might hit $7k soon. In other news, the trending new AI coin, IntelMarkets (INTL), stands out as the best crypto to buy now. Analysts forecast it could be the next cryptocurrency to give holders 10x gains.
Shiba Inu (SHIB) Could Soar To $0.000049369 Based on Bullish Signal
In an X post, Cantonese Cat said that Shiba Inu (SHIB) is at a major turning point after the dump that occurred recently. The analyst attributed the downtrend to a rejection from the 0.618 Fibonacci level around $0.000031247.
Cantonese Cat said the Shiba Inu coin is testing the Ichimoku Cloud. The chart the analyst posted showed that a breakout above this level could push the value of the Shiba Inu price to $0.000049369.
In the meantime, the memecoin is showing mixed sentiment on the price chart. CoinMarketCap price info shows the value of the Shiba Inu token has dipped by 10.8% on the weekly chart. However, it has increased by 10.1% in the biweekly timeframe.
On the other hand, technical analysis presents a bullish picture for SHIB. For example, the relative strength index (RSI) is above the midline. Also, the Fear and Greed Index is displaying extreme greed, a sign of high investor interest.
Bitwise Forecasts Ethereum (ETH) To Hit $7k
Bitwise, a top crypto index fund manager, has predicted that the value of Ethereum (ETH) could surge to $7k in the coming months. He gives this price prediction after the recent massive inflows recorded by Ethereum ETF.
Farside Investors data shows that the daily inflows into spot ETH ETF in the U.S. have surged to $305.74 million, raising the cumulative inflows to $1.87 billion. However, the Ethereum coin price is consolidating between $3,538.07 and $4,067.58 on the weekly chart.
Looking ahead, the Ethereum token could rally to $4,093 in the coming weeks. Surpassing this level could propel the altcoin price to a new yearly high. However, if the $3,550 support level is broken, the next level to watch is the $3,252 level.
Meanwhile, Ethereum’s (ETH) 14-day relative strength index is above average, which is a sign that bulls have not given up. The cryptocurrency’s Fear and Greed Index is also showing extreme greed, supporting a potential price rebound.
IntelMarkets (INTL) Offers Trader Access To Top-Grade Tools
IntelMarkets (INTL) is a relatively new player in the market that is quickly growing in popularity in the crypto space. It offers traders a platform where they can trade cryptocurrencies using artificial intelligence and other sophisticated tools.
The multi-channel analysis tool is one of them. It analyzes more than 100,000 data points to give traders the information they need to make better trading choices. Another interesting feature of IntelMarkets is the Intell-Array™ monitoring system. It makes trading easier and more efficient as it gives one clear signal.
Such a level of simplicity enables traders to make decisions with the necessary level of confidence. In addition, IntelMarkets operates on a dual-chain architecture with support for Ethereum and Solana. IntelMarkets is currently at $0.064091 and has raised over $4.1 million. Analysts believe that the token will increase by 10x shortly.
Conclusion
While Shiba Inu (SHIB) is awaiting a breakout, Ethereum (ETH) aims for a $7K target. Meanwhile, IntelMarkets could be one of the best coins to invest in now. Analysts forecast its price could surge by 10x in the coming months.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets