ADA Sinks Against SOL and ETH, While INTL Shines: A Market Overview

With recent price shifts shaking up Cardano's (ADA) prospects, the crypto market is closely watching how ADA stands against the rising tides of Solana (SOL) and Ethereum (ETH).

As recent price shifts continue to impact the crypto market, traders are keeping a close eye on Cardano (ADA), Solana (SOL), and Ethereum (ETH). Meanwhile, a new player in the game, IntelMarkets (INTL), is also drawing investor attention with its AI-driven trading features. Here’s a closer look at each crypto and what investors need to know.

ADA’s Key Support Breaks: Is Cardano Headed for New Lows?

Recent price movements for Cardano (ADA) suggest that more drops may be on the horizon, especially with a bearish MACD crossing emerging on its daily chart, potentially indicating early signs of a trend reversal.

Cardano (ADA) price recently challenged the critical support level at $0.3261, which coincides with the 100% Fibonacci retracement level. If this support fails to hold, ADA may drop to around $0.319 or lower.

While the current market condition shows insufficient buying pressure, Cardano (ADA) needs to rise above $0.37 to continue its positive momentum.

Cardano (ADA) is also experiencing volatility in the futures market, with traders opting to short ADA, which makes sense given its current position. The lack of bullish support may weaken the confidence of about 80% of ADA traders, who are currently losing money and could potentially lead to a selling spree.

Solana’s (SOL) Bull Run Continues: Can Solana Hit 10x by 2025?

Recently, Solana (SOL) has picked up bullish momentum and has been outperforming leading crypto coins since then. This can be attributed to its Pump’s comeback.fun surge, a platform for minting tokens.

Data shows that between September 1 and October 24, Pump.fun’s daily token generation increased by 260%. In the same period, daily active addresses have increased by 198%. As a result, the price of Solana has increased by 14% in the last 30 days.

According to analysts, more activity on Pump.fun during the bull market may cause the price of Solana to rise up to 10x in 2025.

Is Ethereum’s Long-Dormant Phase Over? Signs of a Bullish Turn

After a prolonged phase of stagnation, Ethereum (ETH) is finally showing signs of life. This rally comes following the increasing exchange withdrawals by investors.

After finding support at the rising trendline on Friday—which was derived from connecting many low levels with a trendline since early September—the price of Ethereum rose by 8.59% until Tuesday. It is still trading higher as of today, at about $2,678.

If the rising trendline remains supported, Ethereum (ETH) may rally to its current level and retest its 200-day EMA around $2,769. If it closes above $2,820, it will continue to rise by another 15% to retest its next weekly resistance level at $3,236.

However, investors are concerned that the negative flows from Ethereum exchange-traded funds (ETFs) will be detrimental to the surging price of Ethereum (ETH).

IntelMarkets (INTL) Raises $1.6M: What’s Driving This Token’s Demand?

While Cardano (ADA) sinks against stellar performances of Solana (SOL) and Ethereum (ETH), another coin, INTL, has also been making headlines recently. This coin was launched recently and serves as a native currency for IntelMarkets, an AI-powered trading platform.

Through its innovative offerings and strong backing, Intel has captured the attention of investors all around the globe. This AI-powered trading platform brings us a plethora of cutting-edge features like dual-chain trading, omnichannel systems, multichannel analysis, AI-powered trading robots, quantum-proof security and so much more.

Investors have resonated with this platform a lot and have been filling their bags with INTL tokens. It is evident by its ongoing presale, which is currently in its stage 4, and has already raised over $1.6M in funding. This reflects nothing but the confidence and trust of investors in this upcoming platform. Its presale is rapidly fasting, if you want to be part of this transformative power then check it out.

Discover 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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