Solana Ready to Jump Back to $200? Smart Investors Prefer AI Altcoins Like IntelMarkets and Bittensor Instead of Memes
The post Solana Ready to Jump Back to $200? Smart Investors Prefer AI Altcoins Like IntelMarkets and Bittensor Instead of Memes appeared on BitcoinEthereumNews.com.
As the Solana price battles to break past key resistance zones and shake off its latest correction, savvy investors are already shifting their focus. Instead of clinging to shaky meme coin hype or waiting endlessly on SOL’s rebound, they’re chasing the explosive potential of AI-powered altcoins like IntelMarkets (INTL) and Bittensor (TAO). INTL, in particular, is making headlines with its AI-fueled trading platform and a red-hot presale that has already raised over $12.2M, making it a standout opportunity in the crypto market’s next evolution. Let’s find out more about SOL, TAO, and INTL. Solana Price Struggles: But Is SOL Reversal on the Horizon? Since mid-March, the Solana price has been stable at around $120. However, SOL eventually broke down, depreciating by 23%. Although there are now no bullish indications for SOL, the Solana price entered the oversold zone with some hint that a reversal may occur soon. The 4-hour chart shows SOL completing a five-wave impulse to $294, followed by a WXYXZ correction within a descending channel. After a brief breakout to $180, resistance forced a reversal, sending the Solana price down to key support around $118. A short-lived recovery hit $148 before another dip pushed SOL to $109.89, forming an ABC corrective wave. With RSI now deep in oversold territory at 22.50%, a Solana price trend reversal could be on the horizon. Despite the downbeat view, if the Solana price rises sharply and moves over the $120 level, a positive SOL reversal will be around the corner. Double Bottom Pattern Emerges: Is Bittensor Ready to Explode? Altcoins like Bittensor (TAO) are attracting more attention from investors as the larger cryptocurrency market begins to rebound. Following a difficult time, TAO is now showing encouraging indicators that might indicate a significant improvement in the weeks ahead. A strong double-bottom pattern, a…
