As the global market cap faces a decline of 2.28%, with a massive reduction in the trading volume decreasing by 10%, many altcoins are seen hitting rock bottom. The bears seem to have taken charge as the market volatility increases.
In these circumstances, the bullish rallies of Avalanche (AVAX) and Chainlink (LINK) come to an end, as both the altcoins show massive downtrends. However, the emerging platform- Intel Markets (INTL)– remains unaffected by the market sentiment.
Investors are so drawn to the promising features of Intel Markets that the AI-powered platform continues to skyrocket, despite turbulence in the market.
Chainlink (LINK)
The market has been experiencing some selling pressure. This market volatility has affected Chainlink (LINK0 as it has lost 5% of its value since Monday. As of the latest data, Chainlink (LINK) is trading at $11.26, with a daily trading volume of $232,482,272, reflecting a 3% decrease over the past 24 hours.
The current technical analysis shows that the market may remain bearish in the short term. The Chaikin Money Flow (CMF) is an oscillator that measures buying and selling pressure, and the CMF crosses the midpoint. This movement indicates that the demand for Chainlink (LINK) is deteriorating. CMF value hints towards further losses.
Moreover, the On-Balance-Volume (OBV) indicator, which measures buying and selling pressure, has also been declining since the price decline. The Chainlink (LINK) OBV has dropped by 1% and is at 885 million, showing that selling pressure has increased. This further indicates that the sellers are in charge of the market, as reflected by the decreasing OBV, putting an end to LINK’s bullish rally.
Avalanche (AVAX) Registers Massive Declines
After experiencing colossal gains in the bullish rally, Avalanche (AVAX) is now under complete control of bulls as the market volatility increases. The current price of the Avalanche (AVAX) token, i.e. $22.47, shows an intra-day decline of over 7%.
This decline in momentum is accompanied by a huge downtrend in the market cap and the 24-hour trading volume exhibiting a dip of 7.4% and 16.35% respectively. These slumps have raised concerns among Avalanche (AVAX) investors.
Market analysts reveal that the current decline has caused a major dip in the Avalanche (AVAX) market movement, as the token has defied its previous rally. Avalanche (AVAX) is down by 15.22% from its previous month’s value of $26.16, with a predominant red candle.
Intel Market (INTL) Becomes Contender for Altcoin of the Year
The next-generation cryptocurrency trading platform, Intel Markets (INTL), features a blockchain-deployed proprietary artificial intelligence layer. The platform is revolutionizing decentralized finance and trading by giving retail traders access to sophisticated trading robots and private market data.
With the help of these unique features and special offers, Intel Markets has raised over $189,810 in a couple of weeks. The platform has already amassed thousands of social media followers with a proactive community. The public presale is selling out quickly even before it is listed on exchanges, as traders are scrambling to get their hands on the coins for $0.009.
This indicates a listing gain of more than 1200% when the listing price is $0.11. Experts are saying that now is the perfect time to join this movement before it gains widespread traction. The platform provides access to restricted trading that is available only to seasonal traders with $100M+ in AUM.
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
