The crypto market has noticed a pullback following Bitcoin’s (BTC) descent to the $69k level. Top altcoins like Toncoin (TON) took the hit, falling from the key $5 level, leaving traders wondering about its short-term prospects.
At the same time, analysts are eyeing Cardano (ADA) and IntelMarkets with a positive outlook for gains in Q4 2024. Ali Martinez forecast the value of ADA could pump to $0.7 before the end of this year. Also, analysts forecast the value of IntelMarkets (INTL) might increase by 3x before the end of this fourth quarter.
Toncoin (TON) Price Expected To Break $6 Resistance To $7
Toncoin (TON) has dropped below $5 after falling 4.7% on the weekly timeframe and 9.8% on the monthly levels, based on CoinMarketCap’s data. Although the Toncoin token has had some bullish spikes in the past month, bulls failed to hold their position.
Looking ahead, the Toncoin price could increase above $5 before the end of the fourth quarter. The cryptocurrency has a crucial resistance level at around $6. A breakout above this level could open the way for a heightened ascent to new levels.
Bala.Ton forecasts that the altcoin price could increase to $7 before the end of Q4 2024. Another analyst, Crypto Zillion, shares the same sentiment. According to Timmy, the price of the Toncoin crypto could reach $7.6 or even more if the breakout is supported by constant volume.
IntelMarkets (INTL) Poised To Rise 3x in Q4 2024
IntelMarkets (INTL) is gaining traction in the fourth stage of its cryptocurrency ICO. Currently priced at $0.036545, analysts forecast the value of IntelMarkets could skyrocket by 3x before the end of Q4 2024. Investors are currently looking forward to the launch of IntelMarkets’ trading platform.
Although there are many trading platforms in the crypto space, very few can meet both the new entrant and the experienced trader. IntelMarkets was developed to fill that gap and provide equal opportunities by providing professional trading instruments which until now were accessible only to large investors.
Thus, with IntelMarkets, retail investors obtain the possibility to use AI power to provide them with necessary and fast information in the unstable crypto environment. IntelMarkets supports Solana and Ethereum blockchains. If a trader cares about the speed of transactions and relatively low fees, Solana is the best option.
For traders focused on security and access to DeFi applications, Ethereum offers unparalleled reliability. The platform also has a Copy trading feature. This is perfect for those who want to learn by observing. With this feature, IntelMarkets allows users to mirror the strategies of experienced traders in real time.
Cardano (ADA) Could Soar To $0.7
According to analyst Ali Martinez, Cardano’s (ADA) price movement is similar to that of 2020. If this historical trend continues, Martinez says the Cardano ADA could rise again around November 18, two weeks after the US elections.
This projection is reasonable given the previous uptrends the cryptocurrency experienced following such patterns in 2020. The analyst posted a chart on X, which showed the value of the Cardano coin soaring to a peak of $0.7 before the end of this year.
In the meantime, the Cardano crypto is consolidating around the $0.3 range, as per CoinMarketCap. Its price has been moving between $0.32 and $0.37 in the past month. The token’s 14-day RSI has dipped below the 50 mark due to high selling pressure.
Final Thoughts
While Toncoin (TON) is trying to make a comeback above $5, Cardano (ADA) and IntelMarkets look like they could be gearing up for a Q4 rally. Analysts are very optimistic about their future price movement. Since these two assets have analysts’ backing, they could be the best cryptos to buy for profits in the next few weeks.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
