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Distress Looms as Dogwifhat & RENDER Suffer Losses; $200K Inflows Make IntelMarkets Climb Higher | NewsBTC
The crypto world is constantly shifting, and the latest movement has caught the attention of investors everywhere. While popular tokens like Dogwifhat (WIF) and Render (RENDER) face significant losses, IntelMarkets (INTL) is surging thanks to a $200K influx of new investments. Let’s dive into how these coins are faring and why IntelMarkets is becoming the hottest topic in crypto.
WIF’s 180% Surge Falls Short: What’s Behind Dogwifhat’s Bearish Signals?
On September 24, Dogwifhat (WIF) deviated from the trend line that has been there for over 177 days. After this breakthrough Dogwifhat (WIF) rallied massively, reaching a high of $2.97 on October 14, but afterward, it was rejected by the resistance level of the 0.5 Fibonacci retracement. The upward trend represents a 180% rise from the low.
Talking about the current Dogwifhat (WIF) price trajectory, the technical indicators are conflicting. The Relative Strength Index (RSI), which is rising and above 50, has produced a bearish divergence. Sharp downward moves are typically the result of such divergences.
Since September 29, an ascending wedge has been forming in the Dogwifhat (WIF) price chart. As this pattern is seen as bearish, breakdowns are often the result. Dogwifhat (WIF) may drop to the nearest support at $2 if it breaks out of its rising wedge.
Render (RENDER) Loses Steam: Why This AI Token Is Under Pressure
Render (RENDER), a significant player in the AI-driven cryptocurrency market, has recently struggled to gain traction amid ongoing market volatility. Whale investors, who are major holders and often signal a token’s potential, have notably reduced their involvement with RENDER since July 2024.
Despite its promise in the rapidly growing AI sector, RENDER’s performance has been lackluster; in the past 24 hours, its price has fallen nearly 4%, now sitting at $5.45. Unlike other AI tokens, RENDER has faced challenges in capitalizing on the positive trends sweeping through the AI industry, primarily due to waning investor confidence and liquidity issues.
While the BBTrend signal for RENDER suggests that the ongoing bearish trend is slowing and might reverse in the coming days, it is still too early to say anything about RENDER’s upcoming price trajectory.
INTL on Track for 3000% Growth: Why Early Investors Are Cashing In
A new superstar has emerged in the crypto world and it has got everyone talking about it. It is none other than IntelMarkets (INTL), which with its clever AI-powered trading platform, is poised to disrupt the whole cryptocurrency trading landscape.
This ground-breaking DeFi project combines blockchain technology with artificial intelligence to create a platform where users can utilize advanced AI trading bots to ute complex and speedy trades at various exchanges in tandem. Furthermore, the platform offers top-notch features like dual-chain mode, multi-channel analysis, over 1000x leverage, quantum-proof security, and much more.
There is a good chance for early investors of this project to yield enormous profits, as industry analysts predict a 3000% spike as its launch date draws near.
IntelMarkets has raised a phenomenal sum of over $1.2M during its initial coin offering (ICO), and the presale price is currently set at $0.027 in the ongoing third round, signaling an incredible potential for profits over 1100x.
It is being touted as a project that has the potential to influence the $264 billion cryptocurrency trading market and it is rapidly gaining attention from both institutional and retail investors.
Recently, the project saw a massive inflow of over $200k from the whales of Dogwifhat (WIF) and RENDER as they seek new ventures to make up for the losses that they’ve made during the ongoing bearish turn of their projects.
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