While the crypto world grapples with the consequences of Bitcoin (BTC)’s recent volatility, a new opportunity has arisen for investors looking to capitalize on a new trend. Solana (SOL), once a market darling, is showing signs of a resurgence thanks to a hidden bullish divergence pattern and anticipation of the upcoming SOL Breakpoint event.
Meanwhile, the launch of IntelMarkets (INTL), a revolutionary AI-based trading platform, has taken the crypto world by storm. With cutting-edge features and a team of seasoned professionals, INTL is ready to redefine the way retail traders engage with cryptocurrencies. Let’s take a closer look!
Solana (SOL) Hidden Bullish Pattern Emerges
Solana (SOL), one of the top cryptocurrencies by market cap, has recently shown signs of a price rebound after a disastrous August performance.
After dropping by around 6.6% last week, the coin started to gain popularity in September. In the early trading hours of today, Solana (SOL) moved from a recent low of $124 to around $134.97, but corrected to the current trading price of $129.91 within an hour. Renowned cryptocurrency analyst Jayvon Marks has been bullish on Solana (SOL) during this rally, and he has set a long-term price target of $233.8 for the currency.
Marks argues that Solana (SOL) is showing signs of a sustained uptrend and if the momentum continues, the price could reach $233.8 and possibly even higher. The analyst’s prediction that SOL will hit this level and beyond is based on a hidden bullish divergence pattern that SOL has been trading in for quite some time.
The analyst said that if Solana breaks this $233.8 price barrier, it could rally another 93% to $457. In addition to Javon Marks’ price prediction, other analysts have also offered their thoughts on Solana’s possible price movements, especially as the SOL Breakpoint event approaches.
Is the Bitcoin (BTC) Bull Run Over? ETF Fund Outflow Concerns Rising
The rise in ETF outflows has raised alarms about increased Bitcoin (BTC) volatility. According to data released yesterday by Arkham Intelligence, eight Bitcoin ETFs (exchange-traded funds) saw withdrawals totaling $287 million in a single day. BlackRock was the only exception. With the Bitcoin ETF market losing money for five days in a row, investors are speculating that this could be a sign of declining investor confidence.
The timing of these withdrawals is particularly noteworthy as Bitcoin is currently trading below the $56,000 mark. The current surge in ETF withdrawals could be attributed to this decline in value following a period of cryptocurrency volatility.
Former BitMEX CEO Arthur Hayes has shared his thoughts on the current state of Bitcoin (BTC). In a recent statement, Hayes said that Bitcoin will struggle in the future and could even drop to $50,000. “At best, Bitcoin will fall around this level, and at worst, it will slowly fall to $50,000,” he said.
Hayes also hinted that altcoins will plunge even further, which could strengthen Bitcoin’s position as the dominant player in the market. Despite this grim prediction, Hayes believes his insight is only temporary, meaning that future events could impact the market in unexpected ways.
IntelMarkets (INTL) Pre-sales Surge: AI-Driven Profits
IntelMarkets (INTL) is one of the best cryptocurrencies right now for a number of reasons, and they’re not all that outrageous.
IntelMarkets (INTL) raised over $230,000 in less than two weeks after launching its pre-sale.
Fast trading, low fees, excellent security, and excellent liquidity are some of the benefits traders can enjoy on IntelMarkets (INTL). IntelMarkets is powered by a dual chain system, meaning you can trade on this platform using either the Solana or Ethereum blockchain.
Investors can also utilize AI trading bots for automated trading. To process orders, Intel Markets has a very efficient matching engine in addition to the central limit order book (CLOB). Buyer and seller orders are combined by the CLOB and then prioritized based on price and schedule.
Experts predict that the value of the native token, INTL, will increase by 1,100% this year. AI and cryptocurrency trading will be combined for the first time on Intel Markets (INTL)’s next trading platform. We also believe that its unique strategy will position it well to succeed in the $36.5 billion global cryptocurrency trading market.
Learn 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
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