The cryptocurrency market is under bearish control after Bitcoin failed to set a new all-time high over the weekend. Tron (TRX) has been consolidating within a narrow range for the past month. Also, the price of Bitcoin Cash (BCH) has dipped in the weekly timeframe.
Meanwhile, IntelMarkets (INTL), a relatively new DeFi coin, has risen by 25% over the last week, capturing investors’ interest. The INTL coin is now worth $0.045727 per coin, but analysts predict the price of IntelMarkets might rise by 500% before the year ends.
Tron (TRX) Price Consolidates, Analyst Forecasts 720% Rally
TRX, the DeFi cryptocurrency of the Tron network, has been consolidating between $0.1525 and $0.17 on the monthly price chart on CoinMarketCap. Investors have been expecting a return to the $0.20 level, given the increased activity on the Tron (TRX) network.
However, these increments have not translated to bullish gains for the Tron crypto. The last time the coin traded at $0.20 was in 2018. Thus, reaching this level would be a major achievement.
Meanwhile, analysts like Vegeta forecast the Tron price might soar to $0.1960 in the next few weeks. Javon Marks predicts a 720% price surge to $1.11 if a full logarithmic follow-through continues.
At the moment, Tron’s (TRX) 14-day RSI and VWMA (10) are in the buying territory. This position shows that bulls are leading the market, which increases the chance for an uptrend.
Bitcoin Cash (BCH) Price Drops
According to data from CoinMarketCap, the price of Bitcoin Cash (BCH) has plunged by 4.8% in the weekly timeframe. The Bitcoin Cash price is consolidating between $330 and $390 on this level.
Going forward, the cryptocurrency’s VWMA (10) and 14-day RSI (below 50) are in the selling region. These indicate that BCH is under bearish control and could drop to lower levels if the bear market continues.
However, analysts have some positive forecasts for the token. Coin Ideas told his followers the Bitcoin Cash crypto is ready to pump. According to the analyst, the token has bounced off a strong support level and could skyrocket to $440 in the coming days.
Another analyst who is bullish about the Bitcoin Cash coin is Trading Nomadic. They posted a chart on X, which showed the value of the cryptocurrency surging to $760.
IntelMarkets (INTL) Soars 25%, Raises $1.63M in Funding
Over the weekend, the cryptocurrency ICO of IntelMarkets (INTL) surged to a new milestone. The INTL coin increased by 25% to hit $0.045, while the presale crossed $1.63 million in funding. The fund is aimed at developing the upcoming IntelMarkets crypto trading platform.
This platform offers a number of advanced tools that help users to trade more efficiently and intelligently. One of them is the Intell-Array™ monitoring system, which can generate a single signal from many indicators. This tool makes trading easier and removes confusion from the equation.
There is also a copy trading feature. It lets users copy the traders of professionals. This feature is beneficial for novices who are entering the crypto market, as they get to practice their skills and, at the same time, earn money. Seasoned traders also benefit from the process as they develop a fan base and can earn more cash as people emulate them.
IntelMarkets also has risk management tools like stop loss orders or profit targets. This suite allows users to set parameters that expose them to a certain level of risk in a volatile market so as to reduce their losses. The features above make IntelMarkets one of the best DeFi projects to join for advanced trading.
Conclusion
While Tron (TRX) is consolidating in a narrow and Bitcoin Cash (BCH) is under pressure, IntelMarkets has given investors another 25% return on investment. This rise shows that it is possible for emerging altcoins to outshine old giants. Analysts argue the value of IntelMarkets could increase higher in the coming weeks based on its unique features.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets