Positive Momentum Returns to the Cryptocurrency Market
After a prolonged period of downward movements, positive momentum has returned to the cryptocurrency market. Analysts believe this is just the warm-up before a major bullish run that many investors have been eagerly anticipating. Among the top picks for investment during this period are Dogecoin, IntelMarkets, and Avalanche.
Dogecoin (DOGE) Set for Bullish Breakout
Renowned crypto analyst Ali Martinez is bullish on Dogecoin (DOGE). He predicts that the price of Dogecoin could surge to $0.16000 in the near future. According to Martinez, two key signals point toward this breakout:
- The Relative Strength Index (RSI) breaking the descending trendline on the daily chart.
- Dogecoin crossing the $0.11 resistance level.
At present, Dogecoin is trading between $0.09 and $0.115 on a monthly timeframe. The price chart shows gains of 9.9% over the past two weeks and 2.6% over the past month. These trends suggest that Dogecoin could be preparing for a significant upward move.
Avalanche (AVAX) Price Could Hit $80-130 in the Bull Market
Crypto analyst Nakasintos has shared insights on Avalanche (AVAX), predicting a significant price increase in the coming months. Avalanche has undergone a six-month correction, and the upward trendline suggests that the altcoin could soon experience a surge.
Nakasintos forecasts that Avalanche could first rise to $28-29 and $33-34 in the coming weeks, with the potential for a massive price surge to $80-130 during the anticipated bull market. Currently, Avalanche is consolidating between $20 and $28 on a monthly basis.
The AVAX token has posted double-digit gains on the weekly, biweekly, and monthly charts. With a market cap hovering between $8.5 billion and $11.5 billion, Avalanche is poised for further growth. For continued upward momentum, the altcoin must surpass its next resistance at the 200-day Simple Moving Average (SMA), currently around $32.91.
IntelMarkets: A Platform for the Next Generation of Traders
IntelMarkets (INTL) is an AI-driven trading platform designed for the new generation of cryptocurrency traders. Its innovative Rodeum AI robot processes vast amounts of data quickly, making trading decisions easier for users. The platform’s flagship feature, Intell-M™ Multichannel Analysis, is capable of delivering trading signals backed by over 100,000 data points.
IntelMarkets has attracted top talent, including ex-employees from MIT, OpenAI, and Goldman Sachs, to develop advanced tools for its users. One key advantage of IntelMarkets is that traders can manage all their trades from a single margin account, eliminating the need for multiple accounts.
With a simple, intuitive design, IntelMarkets aims to solve major challenges faced by other exchanges, such as security and liquidity. By leveraging both Solana and Ethereum blockchains, IntelMarkets offers enhanced features for its users. The INTL token is currently in the second stage of its ICO, priced at $0.018, a 100% increase from its initial price of $0.009. Analysts predict the price could increase 10x by the fourth quarter of this year.
The Best Cryptos to Buy Before the Bull Run
As the cryptocurrency market prepares for a bullish breakout, analysts are optimistic about the prospects of Dogecoin, Avalanche, and IntelMarkets. These three altcoins have shown strong potential for significant gains in the upcoming market surge, with IntelMarkets being dubbed the “dark horse” of the crypto space.
Here’s why these coins stand out:
- Dogecoin (DOGE): Set for a bullish breakout with potential to rise to $0.16000.
- Avalanche (AVAX): Predicted to surge to $80-130 during the bull run.
- IntelMarkets (INTL): Expected to increase by 10-20x as the platform grows in popularity.
For investors looking to capitalize on the next crypto bull run, these coins offer exciting opportunities.
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