While the SOL price is showing impressive rallies amid the Solana ETF hype, Dogecoin is surrounded by alarming technical indicators that point towards a potential 80% nosedive. IntelMarkets is leading the pack with its mind-blowing presale performance. With over $7.9 million raised so far, IntelMarkets could hit a 28,000% rally in Q3 as the bull run approaches.
Technical Indicator Signals Further 80% Crash For Dogecoin
As the most popular memecoin in the market, Dogecoin is prone to a crash that most will not be able to handle. The upcoming Dogecoin price rally could drop by 80% as Bollinger Bands signal a possibility of a massive drawdown for the memecoin. The Bollinger Bands by John Bollinger consists of three curves, the median and two deviations above and below it.
The thing with Dogecoin is that on the weekly time frame, its price fell below the median, with the indicator at $0.28 and Dogecoin trading at $0.26. Such conditions make Dogecoin more vulnerable to the lower band, which is currently stretched around the $0.057 zone. Based on the on-chain data, Dogecoin could drop to lower levels if it fails to hold the next support level.
SOL Price Gains Momentum Amid Potential Solana ETF Approval
With rumors circulating about the potential Solana ETF approval, the SOL price could hit a new ATH amid the hype. At the same time, Solana is making waves with a record-breaking $173 million funding in Q3 2024, according to the Messari report. This huge investment signals strong confidence in the SOL price, backed by upcoming infrastructure upgrades and speculation about a spot Solana ETF.
If approved, the Solana ETF could trigger heavy inflows, surging the SOL price as a challenger to Bitcoin and Ethereum. As of today, the SOL price is trading between $222 and $265, with a 6% dip over the past week but a 25% rise in the last month and a massive 66% increase over six months. The Relative Strength Index is in a neutral zone at 47 amid speculations about Solana ETF.
Dogecoin Investors Seek Shelter In IntelMarkets Amid Price Crash
IntelMarkets has become the safe zone for memecoin investors after Dogecoin fell prey to alarming technical indicators. With more than an 80% crash projected for the memecoin, investors are offloading DOGE tokens and rushing to IntelMarkets’ ongoing public presale. So far, IntelMarkets presale has raised over $7.98 million, with more inflows to follow.
Moreover, Dogecoin investors are shifting to IntelMarkets due to its skyrocketing presale performance. Many analysts are attributing the presale success to its AI-driven platform that runs an AI-based proprietary L1 blockchain. IntelMarkets’ technical architecture also features dual-chain functionality, which allows traders to use either Solana or Ethereum blockchains.
Analysts Call INTL the Next Solana: 28,000% Rally Inbound?
Even though speculations about the potential Solana ETF approval have given strong support to SOL price in recent times, it hasn’t surged up to expectations. More so, crypto experts are hinting at a potential takeover by IntelMarkets as the experts observe a similar pattern in this AI-powered platform like Solana in 2020.
IntelMarkets is gradually becoming the most accessed trading platform with its lightning-fast processor power of NVIDIA-powered H200 GPUs that ensure real-time updates and smooth trading experiences. While it’s unclear whether or not Solana ETF will be approved soon, the SOL price might compete head-to-head with IntelMarkets’ surging demand among investors.
Discover More About Intel Markets:
Presale: https://intelmarkets.io/
Buy Presale: https://buy.intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
