While the crypto market goes through another volatile period, not all tokens are losing their value. Polkadot (DOT) and Near Protocol (NEAR) have both pulled back down to previous levels, which has caused uncertainty among their holders.
On the other hand, IntelMarkets (INTL) is remaining rather unyielding, proving to be formidable in the current bear trend. Analysts forecast this DeFi cryptocurrency could soar by 500% before the year ends.
Polkadot (DOT) Drops Below 50-SMA
Over the past month, the price of Polkadot (DOT) has been consolidating between $3.60 and $4.60. An attempt to break above the upper region failed, and the Polkadot coin dropped to the $3 region.
According to data from CoinMarketCap, the value of the altcoin has dropped 7.8% on the weekly timeframe and 7.2% on the monthly level. Due to the bearish sentiment, the Polkadot crypto is now trading below the 50-SMA ($4.26).
Also, most of its technical indicators, like the RSI, are bearish. However, analysts like Alex $DOT predict the Polkadot price could skyrocket to $11 in the next few weeks if Trump emerged as President of the US. Flash also predicted the price of Polkadot (DOT) might rise to a peak of $11.43.
Near Protocol (NEAR) Drops Double-Digit Losses, Analysts Still Optimistic
Near Protocol (NEAR) is currently showing double-digit losses of 16.1% on the weekly timeframe and 22.0% on the monthly chart on CoinMarketCap. The Near Protocol coin, which was trading above the $5 mark in October, is now below 50-SMA ($4.67).
Also, the cryptocurrency’s 14-day RSI is in the oversold region, which is a bearish sign. This bearish sentiment could lead to more downward movements in the coming days.
However, analysts believe the Near Protocol price could soar to new levels in the coming weeks if positive sentiment returns to the market. Wolf of Charts predicts the value of the Near Protocol crypto might soar to $9. Another expert, ND, predicts a price surge to $5 is possible if the Near Protocol (NEAR) token crosses the 400 EMA resistance.
IntelMarkets (INTL) Price Pumps 25%
IntelMarkets (INTL) is a new platform in the crypto market, which provides professional tools for trading to ordinary people who do not have access to institutional trading levels. Using AI and complex financial products, IntelMarkets provides retail traders with comprehensive analysis and such tools to approach crypto trading, changing the nature of their trading.
The multi-channel analysis tool of IntelMarkets is another special feature that analyzes over 10,0000 data points to provide real-time information. Such a level of analysis assists the user in making the right decisions when it comes to cryptocurrency trading because the time factor and the accuracy of the analysis are very important.
The Intell-Array™ monitoring system of the platform goes a step further and condenses the data into a simple buy or sell signal to help traders know what action to take in a market that is usually characterized by confusing signals.
Besides, IntelMarkets can run on Ethereum and Solana blockchains, providing traders with access to smart contracts and liquidity, high-speed transactions, and low fees. The IntelMarkets coin, INTL, has increased by 25% amid the downturn to a price of $0.045727. Analysts predict the price of IntelMarkets could increase by 5x in the next few weeks.
Conclusion
In a market where even giants like Near Protocol (NEAR) and Polkadot (DOT) are facing bearish streaks, new entrants like IntelMarkets are emerging as the best cryptos to buy. Investors who are looking for the best altcoins set for massive gains in the next few weeks are already stacking IntelMarkets.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
