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After the high volume wallets gained a massive 201% turnover last quarter, the Cardano price has witnessed an unstable price pattern. On the flip side, a new AI entrant, IntelMarkets, has been smashing milestones with its fast-selling presale rally. Most ADA holders are now buying this $0.09 AI coin for maximum profit opportunities, which has surged by 620% since its launch.
Cardano Price Prediction & Technical Analysis
After recovering more than 4% this week, the Cardano price is trading near the $0.74 range today. As the eighth-largest crypto by market cap, ADA has been consolidating within a tight range between $0.69 and $0.75 for several weeks. However, recent on-chain data and technical patterns suggest a possible upward movement if the Cardano price breaks resistance levels.
Based on data from Coinglass, the long-to-short ratio for ADA has reached 1.15, its highest level in over a month. This ratio above one shows that more ADA traders are placing bullish bets, expecting the Cardano price to rise soon. Adding to the positive outlook, ADA’s stablecoin market capitalization reached a new all-time high of $30.77 million on Monday.
Data received from DefiLlama also confirmed this rise in ADA’s market cap, which points to growing utility and adoption of decentralized finance on the ADA network. The technical chart shows that the Cardano price faced rejection around its 50-day Exponential Moving Average of $0.77 on Wednesday, dropping 2.16%.
ADA Bulls Target $1 After Week-Long Consolidation
This minor traction coincides with the weekly resistance level, making the $0.77 mark a key hurdle for bulls to overcome. On the daily chart, the Relative Strength Index (RSI) reads 49 and points upward toward the neutral level of 50. This indicates fading bearish momentum for the Cardano price, though the RSI must move above 50 for the bullish trend to gain strength.
ADA’s Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover on Tuesday. This technical signal typically indicates a buying opportunity and suggests the beginning of an upward trend. The 4-hour chart reveals an ascending triangle pattern forming. This pattern shows the Cardano price movement between a horizontal resistance of $0.77.
IntelMarkets (INTL) Attracts ADA Whales With 620% Surge
From the date of its official launch in the presale market, IntelMarkets (INTL) has posted a jaw-dropping 620% surge in its token value. Currently listed at $0.09 per token, INTL is positioned to have a launch price of $0.11, with speculations about touching the $0.42 price point given the increasing demand for its AI coin among institutional investors and retail traders.
This AI-powered platform runs on its proprietary AI blockchain that enables users to utilize its cutting-edge layer-1 technology to handle high-volume transactions at lightning-fast speeds. IntelMarkets is gaining popularity among ADA holders and the broader crypto market for its wide range of offerings that include portfolio optimization, AI trading bots, and multi-channel analysis.
IntelMarkets’ Presale Turns Bullish: Over 40 Million Tokens Sold
With the rising numbers in its unstoppable presale frenzy, IntelMarkets (INTL) has become the talk of the town after selling over 40 million INTL tokens. This high-volume turnover by IntelMarkets is attracting whales from other blockchain projects to claim lucrative opportunities. The platform’s AI trading assistant also helps traders stay ahead of the curve in the market.
While the Cardano price steers away from bullish patterns amid the broader bearish signals in the network, IntelMarkets (INTL) has claimed the spotlight with its skyrocketing presale demand in the investor community. That said, IntelMarkets’ presale is selling out fast, make sure to visit its presale to join the project as it could explode by 500% after its listing on CoinMarketCap.
Discover More About IntelMarkets:
Presale: https://intelmarkets.io/
Buy Presale: https://buy.intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
