Positive Momentum Returns to Cryptocurrency Market
Positive momentum has returned to the cryptocurrency market after a protracted period of decline. Analysts believe this is the prelude to the bullish run anticipated by many investors this year. In the meantime, they identify Dogecoin, IntelMarkets, and Avalanche as the most promising investments currently available.
Dogecoin (DOGE): Poised for a Bullish Breakout
Ali Martinez, a leading crypto analyst, has issued a bullish forecast for Dogecoin (DOGE). He predicts a breakout for the memecoin, advising followers to monitor two key signals:
- RSI breaking the descending trendline on the daily chart
- DOGE crossing the $0.11 resistance
Martinez also shared a chart indicating that Dogecoin's price could surge to $0.16000. Currently, the memecoin trades between $0.09 and $0.115 on a monthly basis, showing gains of 9.9% on the biweekly chart and 2.6% on the monthly time frame.
Avalanche (AVAX): Price Target of $80-130 in Bull Market
Crypto analyst Nakasintos has provided insights into Avalanche's (AVAX) price trajectory in the coming months. They observe that AVAX has undergone a six-month correction, resulting in an upward trend line.
Nakasintos forecasts that AVAX's price could rise to $28-29 and $33-34 in the near term. They anticipate a significant surge to $80-130 during the bull market. Currently, AVAX's price is consolidating between $20 and $28 on a monthly basis, exhibiting double-digit gains on weekly, biweekly, and monthly price charts. Its market cap remains within the $8.5-$11.5 billion range.
For further upward movement, the altcoin must surpass the next resistance around the 200-day SMA ($32.91). Bullish sentiment around Avalanche supports this potential price increase.
IntelMarkets: The Next-Generation Trading Platform
IntelMarkets (INTL) is an AI-powered trading platform designed to assist traders in making informed cryptocurrency trading decisions. It features a Rodeum AI robot that rapidly analyzes data, simplifying trading for users.
IntelMarkets has assembled a team of experts, including former employees of MIT, OpenAI, and Goldman Sachs, to develop advanced trading tools. They offer Intell-M™ Multichannel Analysis, providing signals backed by over 100,000 data points.
Additionally, IntelMarkets offers a single margin account for comprehensive trade management and a user-friendly interface. Its dual chain structure leverages the capabilities of both Solana and Ethereum blockchains, addressing security and liquidity concerns prevalent on other exchanges.
This innovative platform caters to both new and experienced traders. The INTL coin is currently in the second stage of its ICO, priced at $0.018, a 100% increase from its initial value of $0.009. Analysts anticipate a potential 10x growth in the fourth quarter of this year.
Promising Investments Ahead of the Bull Run
Analysts remain optimistic about the price movements of Dogecoin, Avalanche, and IntelMarkets in the fourth quarter. They predict substantial gains for these altcoins, making them compelling investment opportunities. IntelMarkets has even been described as the "dark horse" within the cryptocurrency community.