The crypto market is still suffering from the recent correction which sent most coins to former lows. Unfortunately, Ali Martinez says the downtrend might not be over. He forecasts the price of Ethereum (ETH) might fall by 40% in the coming weeks.
However, the main focus is on IntelMarkets (INTL), the AI-driven cryptocurrency that has been gaining attention since the start of its crypto ICO. It is currently targeting the $1 mark. With innovative AI technology and growing investor enthusiasm, IntelMarkets could hit this mark soon. Meanwhile, Ali predicts the price of Cardano (ADA) might surge by 40% soon.
Ali Martinez, an on-chain analyst, has forecasted a downtrend for Ethereum (ETH). He noted the ETH MVRV has declined below 160-day MA, signaling a potential downtrend. According to him, a similar move occurred in June 2024. At the time, the Ethereum price fell by 40% from $3,500 to $2,100.
Presently, the value is trading around the $3,100-$3,400 range. A 40% decline could push the value of the Ethereum token below the $2,000 mark. On the flip side, Ashcryptoreal notes the altcoin is currently breaking out of a bearish trend. The cryptocurrency analyst notes the first main target would be $4,000.
If the uptrend continues, the Ethereum crypto price might pump to a new all-time high of $5k. In the meantime, CoinMarketCap data reveals the value of ETH has dropped by 1.6% in the weekly timeframe. Bull is currently attempting to pull a trend reversal, a move that could kickstart an altcoin season.
IntelMarkets (INTL) is one of the projects that is making great progress in the cryptocurrency trading market through the incorporation of artificial intelligence (AI). One of them is the AI-driven bots that allow users to monitor market movements, carry out analysis, and execute trades according to the user’s preferences.
Another tool to look out for is Intell-M® Channel Analysis. This tool gathers data from over ten thousand sources to assist traders in making the right choices depending on the information about the market.
The strength of IntelMarkets is in the team of industry leaders. With members previously working in places such as MIT, OpenAI, and Goldman Sachs, the team has rounded experience in fields such as blockchain and financial systems. Their vision is aligned to guarantee the platform meets and even goes beyond the expectations of the fast-growing crypto market.
The presale phase has been successful, as the platform gathered over $7.8 million. This is a testament to investors’ high trust in IntelMarkets. With the help of AI-based trading bots and a successful presale, IntelMarkets is set to become a key player in the crypto trading sector.
According to Ali Martinez, Cardano (ADA) is currently consolidating in a symmetrical triangle. The analyst notes that a breakout could trigger a 40% price surge. Such a move might push the value of the Cardano coin from its current range to $1.26.
Another analyst called CW predicts the Cardano price could skyrocket to a short-term target of $1.9. Right now, data from CoinMarketCap reveals the value of the Cardano token has dipped by 2.8% in the weekly timeframe.
Nevertheless, the gains of 13.0% and 94.1% on the monthly and yearly charts show that the coin’s performance has not been all bearish. It also reveals the Cardano crypto has shown some level of resilience in the past few weeks.
The Hull Moving Average (9) and Stoch RSI (14) are pointing to a potential uptrend. They are flashing buy signals which means that bulls are in control.
Ethereum (ETH) is dealing with downward pressure and Cardano (ADA) looks forward to making a strong comeback. Meanwhile, IntelMarkets is forging its own path with revolutionary AI-powered trading solutions. With its unique features and high investors’ interest, INTL could reach $1 in the coming months.
For more information about IntelMarkets (INTL) visit the links below:
Presale: https://intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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