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Dogecoin investors are starting to feel the heat as the meme coin’s once meteoric rise is now starting to fade off. DOGE’s increasing selling pressure is now turning attention and capital to IntelMarkets (INTL), a next-gen AI-driven trading platform. But why is this platform gaining traction so quickly, and what’s fueling this? Let’s find out.
Is Dogecoin’s Surge Over? Profit-Taking Creates Sell-Off Pressure
After an astounding 48% surge earlier in October, Dogecoin (DOGE) has experienced a slight pullback. From its local peak of $0.149 two days ago, the memecoin has fallen more than 7% as of today. This includes a more than 3% drop over the past day, bringing Dogecoin’s (DOGE) price to $0.136, its lowest level in a week.
This sudden downturn seems to be driven by profit-taking which is related to the investors’ growing risk-off attitude adding to the selling pressure.
Dogecoin’s (DOGE) price began to fall as its daily relative strength index (RSI) peaked over 70, a level that often indicates an “overbought” scenario and anticipates a period of correction or consolidation. To put it easily, traders probably started locking in profits because they thought the price had peaked in the short term.
Making things more concerning, Dogecoin’s (DOGE) price decline is occurring simultaneously when its main exponential moving averages (EMA) seems to be forming a golden cross. This has occurred in line with more significant price declines in the past months.
Normally, this golden crossover is usually interpreted as a positive indicator that suggests the possibility of a long-term rise. But in the case of Dogecoin (DOGE), golden crosses haven’t resulted in instant buys. Overbought situations are instead frequently created by early buying activity driven by anticipation of the crossing.
Well, this growing selling pressure has got everyone thinking about where is all capital moving from Dogecoin (DOGE). Many analysts have speculated that it’s IntelMarkets (INTL) that is pulling all of this capital.
IntelMarkets: The New Home for Crypto Capital After Dogecoin’s Dip
IntelMarkets (INTL) is a recently introduced project that is bringing the crypto world its first true modern-gen trading platform. This has resonated with Dogecoin (DOGE) investors a lot that they have been busy since investing in this project.
This upcoming trading platform will be powered by AI at its every step, making it revolutionary in its true sense. Its features are what sets it truly apart from the crowd out there in the AI-crypto sector. To list down a few:
- Wider Market Access: AI-trading bots at IntelMarkets will design and pick up the best trading strategies for you. It has the power to handle high data volumes from a variety of trading sources with a speed that humans can’t match.
- Omnichannel Processing: This technology lets IntelMarkets generate precise and unified trading signals for buying and selling. This stands bright in contrast to vague signals generated by other traditional trading signals.
- Up to 1000x Leverage: Intel provides its users with up to 1000x leverage options to fulfill dreams of wider market exposure with limited capital. This will give everyone a chance to execute large and profitable trades.
- Quantum-Proof Security: They recently announced the development of their Route X21 development, which will provide quantum-proof security at every trade executed on Intel.
- Self-Learning Robots: Its AI robots are distinguished from others by their ability to learn from your errors and trading patterns, making sure every trade is better than the last one.
These features have made a buzz all around the crypto world even before the official launch of the platform. IntelMarkets is expected to reveal more of its cutting-edge features are the launch date nears.
Investors Flock to IntelMarkets Presale: Is 1100x Growth Next?
Market response to IntelMarkets (INTL) has been phenomenal so far. Its presale which was recently opened to the public raised over $1.57 million in no time. This comes after IntelMarkets (INTL) private seeding round, which raised over $550k from Fortune 500 investors. INTL token is currently available at only $0.03, and it is anticipated to grow over 1100x in the coming months.
Dogecoin (DOGE) investors are attracted by these classic offerings and enormous profit potential. It is expected that investors from other leading crypto might dive into this project soon.
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
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