In a dramatic turnaround, the crypto market has finally shaken off its recent slump. Ethereum (ETH) and Bitcoin (BTC) have made significant comebacks, reigniting investor optimism. However, the real star of the show might be IntelMarkets (INTL), a groundbreaking AI-powered trading platform that’s poised to revolutionize the industry.
As ETH and BTC surge, IntelMarkets (INTL) is capturing attention with its innovative features and promising growth potential. With its dual-chain exchange and advanced trading tools, INTL is set to become a game-changer in the crypto world. But is this just another hype train, or is IntelMarkets (INTL) truly poised for a meteoric rise?
What you'll learn 👉
Ethereum (ETH) Recovers: Market Cap Tops $300B
Ethereum (ETH), the second-largest altcoin in the cryptocurrency market, finally regained its $300 billion market capitalization. The ETH token is currently trading at $2,521, up 4.61% from the previous night. With a possible double-bottom pattern forming at this support level, the bullish divergence in the RSI line raises the likelihood of a reverse rally.
The price chart of Ethereum (ETH) displays a consolidation range that spans from the $2,393 bottom support level to the $2,581 ceiling. The breakthrough from this range will be an important entry point.
However, the bullish divergence within the consolidation zone is clearly visible, increasing the likelihood of a breakout rally. Price action traders might see the breakout event as an appealing entry opportunity, with target levels of $2,700 and $3,173 in the short term.
Bitcoin (BTC) Breaks Above $59K: A Bullish Signal?
During the early European session today, the overall crypto market capitalization, driven by Bitcoin (BTC), increased by almost 2% to exceed $2.16 trillion. Bitcoin gained more than 3% on Monday, reaching a high of roughly $59,343, wiping out losses from the first day of September.
However, the Bitcoin price is not completely out of the woods, and the risk of more crypto collapse in the coming weeks remains real. In addition, even when the price of bitcoin recovered above $58K, the fear and greed index for the cryptocurrency remained at about 26%, indicating severe fear.
Meanwhile, according to data on Bitcoin balances from all cryptocurrency exchanges, the supply has decreased from 2.44 million to about 2.35 million. Despite the lack of an optimistic outlook, the significant decline in Bitcoin supply on centralized exchanges indicates that investor confidence is increasing.
If the US Federal Reserve starts the much-anticipated interest rate decrease, the cryptocurrency market is expected to recover its positive momentum in the fourth quarter, and it will send the price of bitcoin (BTC) to surpass its peak during the next bull market.
IntelMarkets (INTL): Your Personal Crypto Advisor
Over the past year, several presales have emerged but only a handful of them have lived up to their promises. One such project that has recently emerged into the crypto scene is IntelMarkets (INTL), which has been ticking off its goals and promises very quickly.
IntelMarkets (INTL) is here to shift the narrative in crypto trading with its AI-powered platform. Only a few days after its presale launched, the project has raised over $200k in funding.
IntelMarkets (INTL) is an AI-powered trading platform with multiple distinct features. Its trading bot is the most intriguing aspect of the platform. The bot has a variety of uses, including market analysis, interpretation, and prediction.
Furthermore, IntelMarkets (INTL) is a dual-chain exchange designed to tackle the issues in the cryptocurrency trading market. Low liquidity, slow transaction speeds, and a lack of adequate security are among the complaints raised by investors over time. IntelMarkets (INTL) dual-chain design aids in overcoming these challenges. Traders may benefit from quick, affordable, and safe transactions using the Ethereum and Solana blockchains.
Additionally, IntelMarkets (INTL) offers sophisticated trading tools, including customizable indicators and charting software. Analysts predict that the price of IntelMarkets (INTL) will surge by 874% following its mainstream launch.
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