Crypto bulls dominate as Bitcoin hits $81,600, sparking a surge in Solana, Shiba Inu, and IntelMarkets’ AI-driven platform.
The current session witnesses that the crypto realm is dominated by bulls. This increase coincides with Bitcoin reaching a new all-time high of $81,600, which fueled a larger cryptocurrency surge. Following Bitcoin’s surge, altcoins like Solana (SOL) and Shiba Inu are also on an ascending trajectory.
Analysts are particularly astonished by the ascending trajectory of IntelMarkets- an emerging AI-driven platform- which is replicating Solana’s gains. It has also secured $150,000 from SHIB whales!
Solana reaches new yearly high, eyes record levels
After hitting a new yearly high of $224 on Monday, following an almost 30% rise the week before, Solana (SOL) is trading a little lower on Tuesday. With a target set for a new all-time high of $276, the technical picture points to a bullish breakout pattern and rally continuation.
As Solana‘s open interest hit a new all-time high on Tuesday, indicating a flood of fresh capital, and its DEX trading volume hit its highest level since mid-April, on-chain data further bolsters the optimistic thesis.
According to Solana’s weekly chart, it broke above the parallel channel pattern that slopes downward at about $210.18 and rose over 29.25% last week. Two trendlines (from early March to October) are used to connect several weekly highs and lows to create this pattern. A weekly close above the breakout level indicates a breakout of this pattern, which is favorable to the bulls.
It is still rising as of this week, surpassing its last annual peak and setting a new one at $224. By calculating the distance between the two trendlines and extending them higher, the pattern’s technical target predicts a new ATH of $276.55.
Shiba Inu price surges 37%: key levels and outlook for SHIB investors
Shiba Inu’s (SHIB) price has increased by 37% to $0.00002608 over the previous day. With more than $4 billion moved in the last day, SHIB’s trading volume also experienced a notable increase initially, but the present statistics show a decrease of over 13% in the 24-hour trading volume.
Shiba Inu continues to rank among the top 10 cryptocurrencies by market capitalization, indicating strong market confidence. Investor trust has increased as a result of Robinhood’s recent decision to permit SHIB transfers for users in Europe.
Several significant levels have surfaced as a result of SHIB’s recent ascent. The pivot point, which stands at $0.00002913, may be crucial in deciding Shiba Inu’s future course of action. $0.00003105 is the first point of resistance, followed by $0.00003315 and a more significant barrier at $0.00003536.
Support is located around $0.00002636 on the downside, with additional levels at $0.00002462 and $0.00002374. As investors assess the likelihood of either a pullback or continued rise, these levels are critical.
100x moonshot potential: Experts label IntelMarkets as next solana of this bull run
While Solana and Shiba Inu exhibit impressive market performances, a newcomer in the market is brewing a storm silently. A newly launched AI-powered project, IntelMarkets (INTL), is bringing us the crypto world’s first smart-gen trading platform.
Features like dual-chain trading options, omnichannel systems, multichannel analysis, leverage up to 1000x with improved market access, and much more are all made possible by this platform. To make this emerging platform unique, the project is attempting to take advantage of AI’s greatest potential and multiply it with blockchain power.
With its announcement of creating a quantum-proof protocol for the platform that will provide strong security against all major security threats, IntelMarkets is further generating hype.
Due to the aforementioned reasons, INTL’s ultra-powered presale momentum has already garnered over $2 million in investment, making it one of the most historic presales in the history of initial coin offerings. The analysts’ selection of IntelMarkets as the top 100x pick reflects the market’s overall trust and confidence in this initiative.
For more information, visit the IntelMarkets presale website and join the community on Telegram and X.
