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Solana is gearing up for a powerful rally to $290. Whale interest in Cardano and a rising DeFi coin could trigger a price surge.
Most top altcoins in the crypto market are currently in a consolidation phase after the recent price pump. One of them is Solana (SOL). Analysts forecast a breakout could occur in the coming weeks which could propel it to $290.
On the other hand, whales are showing huge interest in Cardano (ADA) and a new DeFi coin called Intel Markets (INTL). They have stocked millions of both coins recently, a move that could trigger a bull run in the coming weeks.
Solana faces major resistance on the way to $290
Crypto analyst Pentoshi believes the Solana coin is getting ready for a price discovery after a long period of consolidation. Price information from CoinMarketCap shows Solana has been consolidating between $215 and $245 in the past week.
The token’s value has dropped by 8.9% in the last 14 days. Nevertheless, analysts expect a trend reversal to occur in the coming weeks. ColdBloodShill predicts the Solana price could soar to $300 in the coming weeks.
Another expert called The Moon Show expects an upside to $290. However, Raoul Pal has highlighted a major resistance around $260. According to him, breaking this level is crucial to the acceleration of the Solana crypto.
Looking at Solana’s technical indicators, bulls are still active. The relative strength index is above the midline, signaling high buying pressure. Also, the Stoch RSI (14) is hinting at a potential upsurge as it flashes a buy signal.
Cardano whales scoops 100m ADA as analyst forecasts rally to $1.5
In a recent tweet, top analyst Ali Martinez revealed that Cardano whales are on a buying spree. According to him, they bought over 100 million ADA in less than 24 hours. This increased buying activity could be the much-needed trigger to push the Cardano coin above the $1.30 resistance.
Ali believes the altcoin has formed an ascending triangle. He forecasts the Cardano price could rally to $1.50 in the coming weeks. In the meantime, ADA is trading above the $1 level despite the recent downtrend the cryptocurrency has experienced.
Data from CoinMarketCap shows the value of the Cardano token has increased by 228.0% on the monthly chart. The percentage increase in the weekly timeframe has dropped to 11.0%.
Going forward, the sentiment surrounding Cardano is bullish. The relative strength index is in the overbought zone which signals high buying pressure. The Fear and Greed Index is also showing Greed, a sign investors are still optimistic.
Intel Markets brings AI into crypto trading
Intel Markets, one of the leading DeFi projects, is preparing to disrupt the trading market with its proprietary AI blockchain. The goal is to provide the same chance for institutional and retail investors to use top-grade instruments for trading.
Intel Markets is going to offer a complete set of AI tools that could revolutionize trading. Among them is the omnichannel analysis of the platform that gives a single and accurate signal for trading by pulling data from various sources. Intel Markets provides traders with over 100,000 financial instruments and tracks even the slightest market shifts with the help of AI.
There are also AI-based bots that are designed to increase traders’ chances of making a profit. Also, users can trade with up to 1000:1 leverage which translates their small capital into big profits. In addition, Intel Markets has a dual-chain architecture through which traders can trade using Ethereum or Solana.
These features have drawn attention to Intel Markets’ current presale which has already received over $2.7m from investors. The presale is now in stage 7 and the INTL tokens can be purchased at $0.064. Investment experts predict that investors could gain 1000% in the next few months.
Final thoughts
As Solana prepares for a breakout, whales are betting big on Cardano and Intel Markets. They believe these top crypto coins could see explosive growth in the coming weeks, and smart investors are already taking advantage of the low prices to stock up their portfolios.
To learn more about Intel Markets, visit the presale website, the official website and join the community.
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