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Cardano approaches a bullish pennant breakout, while Ripple and an emerging coin gear up for a potential 2x surge.
Table of Contents
Cardano forms bullish pennant
Ripple could double if it crosses major resistance
Intel Markets presale soars over 700%, $4.9m raised
Final words
Cardano (ADA) has formed a bullish pennant pattern on the chart. A potential breakout could occur in the coming weeks, which might send the altcoin to $1.5. However, Intel Markets (INTL), with its unique AI technology, has been the center of attraction.
Accompanying the surge of interest, the INTL coin has increased by more than 700%, something ADA has not achieved in years. Meanwhile, DonAlt forecasts the Ripple (XRP) price might surge to $5.2 soon.
Cardano forms bullish pennant
Cardano has been trading in a narrow range this month but a very special pattern suggests a reversal could occur in the next few weeks. The Cardano coin has formed a bullish pennant chart pattern, which is a long vertical line and a symmetrical triangle.
This pattern is almost at the convergence point. The Cardano crypto could break out anytime from now. If this happens, the Cardano price could go up to $1.5. However, a break below the support at $1.00, on the other hand, would negate the bullish outlook.
Meanwhile, other factors may propel the price of Cardano to a new level in the short term. For example, increased crypto adoption spurred by Bitcoin’s massive surge above $107k could push ADA above resistance levels.
VipRoseTr forecasts the value of the ADA token could surge to $2.0387 in the coming weeks. In the meantime, ADA’s price is consolidating between $0.921 and $1.17 on the weekly timeframe, per CoinMarketCap.
Ripple could double if it crosses major resistance
According to DonAlt, a top analyst in the crypto space, the value of Ripple might pump by 2x in the coming months. However, it must break out of its current range top at $2.60. Such a move could push XRP to a peak of $5.2.
Ripplelordz predicts the price of XRP may rally to $4.8 in the coming weeks. In the meantime, the altcoin price has increased on the weekly chart. According to data from CoinMarketCap, the value of the Ripple token has increased by 13.3% in the past week.
It has also risen by 136.6% on the monthly level and 309.6% on the yearly timeframe. In other news, Ripple has announced its plans to launch its stablecoin, RLUSD, on Tuesday. The launch is expected to increase the Ripple coin price in the coming weeks.
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Intel Markets presale soars over 700%, $4.9m raised
Intel Markets is becoming a household name in the DeFi space after its latest rally of over 700%. The project has exceeded the $4.9 million mark in the eighth stage of the presale. Analysts say INTL’s current price of $0.073273 is a good entry point for investors who want to experience exponential growth. They expect the DeFi coin price to rise by 10x in the coming months.
With a team of professionals from platforms like Renaissance Technologies, Google, OpenAI, and Goldman Sachs, Intel Markets could be the next big project after Bitcoin. Also, Intel Markets has a Multi-channel tool that can pull data from over a thousand sources and provide accurate trading signals to the users.
In addition, the platform has an AI trading bot that makes trading easier, automates trades, sets targets, and monitors trades. It is designed for professional traders and newbies who have little or no time to monitor the market.
Furthermore, Intel Markets offers perpetual futures trading. It allows users to trade crypto perpetuals 24/7 with a high leverage of 1000x and high liquidity. Intel Markets is ready to take over the crypto market with its unique AI technology and a dedicated audience.
Final words
Cardano’s bullish pennant could spark a massive rally to $1.5. Meanwhile, the prices of Ripple (XRP) and Intel Markets could increase by 2x in the coming months. Investors who want to double the value of their assets should consider XRP and INTL.
To learn more about Intel Markets, visit the presale website, Telegram, and Twitter.
Read more: Solana retraces to $200 support while Intel Markets pilots AI marketplace
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