As the crypto market gets ready for a massive $2.6 billion token to unlock, all eyes are on Avalanche (AVAX) and Aptos (APT) as these coins face potential sell pressure in the coming months. Meanwhile, IntelMarkets (INTL), a rising AI-powered trading platform, has gained significant attention as a potential alternative for investors. Let’s find out more about these trends.
Token Unlock Incoming: How AVAX’s Price Could Shift
Following an impressive surge in September, Avalanche (AVAX) has been experiencing some turbulence recently. The cryptocurrency has been trading between $24 and $30 after breaking out of its last upward pattern. The current price of AVAX is about $25.87, which is slightly above the crucial support level of $24.47.
The 50-day Exponential Moving Average (EMA) is at $26.48, and the 20-day EMA is at $26.80 currently. These EMAs are important trading benchmarks because they frequently indicate possible changes in the momentum of the market suggesting a potential bearish crossing. According to the token unlock data for November, Avalanche (AVAX) will be issuing 1.67 million AVAX tokens, which are worth around $39 million. All of the tokens will go to the foundation.
However, there will likely be significant selling pressure following the release, especially from investors looking to profit from the token’s present price.
APT’s Battle at $8.09: Can It Survive the Pressure?
Aptos (APT) is testing a crucial support level that may determine its next significant price movement, putting it at a crucial point. With violent sell-offs threatening to drive APT lower, recent market trends indicate increased downside pressure.
As per CoinMarketCap, Aptos (APT) was one of the biggest losers this week, falling 8.6% in the last seven days. This is part of a wider negative trend, given that APT is down 7.5% in the last month. Market investors are left wondering whether a rebound can be expected or if the bearish trend will continue as Aptos (APT) sits near the crucial $8.09 support level.
INTL’s Edge Over AVAX and APT: The Ultimate Trading Platform?
As Avalanche (AVAX) and Aptos (APT) face significant selling pressure which is likely to heighten following the coming token launch, a coin is making some serious buzz in the market. It is IntelMarkets (INTL), which is an upcoming AI-powered trading platform aiming to transform the trading scene for once and all.
IntelMarkets is introducing the crypto world to cutting-edge features like dual-chain trading, multichannel analysis, omnichannel analysis, up to 1000x leverage option, AI-trading robots, wider market access, and not to forget its truly transformative quantum-proof protocol.
These features have surged investors’ interest all around the globe to never-seen-before heights which is apparent in its ongoing presale which has already raised over $1.67M despite being in early phases. The presale recently jumped to phase 5, surging the token price to $0.04.
For everyone looking to be a part of this project, which is set to change the trading scene, this phase is best to join as it provides a low-cost entry to this high-profit project.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets