Analysts stay apprehensive about the future of Ripple (XRP) and Chainlink (LINK). IntelMarkets (INTL) set to soar by 25X after FOMC rally.
Amidst the increased market volatility, Ripple (XRP) and Chainlink (LINK) emerge as potential losses regardless of the impending rally following the FOMC update. IntelMarkets appears to be the best investment option in this regard, as the AI platform is set to shoot up by 25x shortly.
Chainlink (LINK) News: Neutral Price Action Holds Between Support and Resistance
Chainlink (LINK) is currently trading in a consolidation phase. The token is hovering between two critical price levels—$9.00 and $12.50—and may experience a move once one of these levels is broken.
Traders are keeping a careful eye on Chainlink (LINK) as it forms a descending triangle in anticipation of a possible breakout. The price of LINK is still neutral, lingering between $9.00 and $12.50. On both the daily and weekly charts, this price action is defined by lower highs and firm support at $9.00, forming a descending triangle.
This configuration usually implies that the bearish trend will continue, but if Chainlink (LINK) can overcome the $12.50 resistance, there may be a chance for an upward breakthrough.
The important level of support at $9.00 is thought to be reached, and a drop below it may signal further deterioration. By comparison, a breakout above $12.50 might indicate a bullish reversal.
The resistance level around $12.50-$12.60 has been difficult for Chainlink (LINK) to surpass consistently. This zone is critical for the token’s price movement. Repeated attempts to break this level have failed, keeping Chainlink (LINK) confined to a narrow range.
Ripple (XRP) Price Hovers Around $0.57 – What’s Next?
The Ripple (XRP) price didn’t follow Bitcoin’s pump this week as BTC went over $60K again. Ripple (XRP) stayed flat and is still trading slightly below the $0.58 range.
The nearest support zone is $0.57, then $0.50.
On the flip side, the next big resistance zone is at the $0.67 level, and if this level is breached, then the floor is open to $0.75. Of course, a lot will depend on the broader market conditions and any major updates on the Ripple vs SEC case.
Although speculation persists that the SEC could make another attempt to appeal the 2023 ruling, prominent legal figures, including Ripple’s (XRP) Chief Legal Officer, have expressed confidence that XRP’s legal status will not be overturned.
During a recent interview with law professor J.W. Verret on Crypto Law TV, Alderoty made it known that even if the SEC were to pursue further appeals, the core determination that XRP is not a security would remain unchanged.
IntelMarkets (INTL) Creates Storm In Crypto Space
As Ripple (XRP) and Chainlink (LINK) whales shift, IntelMarkets (INTL) takes the lead. It uses AI-based blockchain technology to provide real-time insights and analyze over 100,000 data points for smarter trading.
Additionally, for better market access, IntelMarkets (INTL) provides trading robots. Its Intelli-M algorithm finds the best times to enter and exit markets by quickly analyzing them. Conversely, Autopilot Trading Robots are enabled by Rodeum AI to execute trades according to user-specified risk and leverage.
With each trade, these automated systems get better and adjust to the shifting market. Additionally, the Intell-Array technology removes jumbled messages that are frequent on other systems and offers clear signals.
IntelMarkets (INTL), priced at just $0.018 in Stage 2, presents a fantastic opportunity with anticipated launch gains of up to 1,000%. As more than 30% of the tokens are sold in stage 1, the price in the following round will skyrocket. Investing right now is highly recommended by market experts, especially during the post-FOMC rally.
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Twitter: https://x.com/intel_markets
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