Shiba Inu (SHIB) Could Pump To $0.000039 If It Crosses Major Resistance

The crypto market is showing renewed vigor as top altcoins like Shiba Inu (SHIB) move to retest resistance levels.

Top cryptocurrency updates for today include Shiba Inu (SHIB) price action, Chainlink (LINK) analysis, and the rise of a new DeFi coin, IntelMarkets (INTL).

Shiba Inu (SHIB) Could Pump To $0.000039 If It Crosses Major Resistance

According to top analyst Ali Martinez, a key resistance level for Shiba Inu (SHIB) is forming at the $0.000025 zone, where 40,000 addresses hold 54.6 trillion SHIB tokens in total. Breaking this supply barrier with a continuous price range above it may lead to a SHIB price pump to $0.000039.

In the meantime, the Shiba Inu coin is trading within the $0.00002300 to $0.0000270 range on the weekly timeframe. Its price has dropped by 7% during this period.

However, the Shiba Inu crypto shows gains of 29.5% on the biweekly chart and 30.9% on the monthly timeframe per CoinMarketCap. This bullish sign suggests that the token could rise to new levels soon.

Additionally, Martinez reveals that 1.7 trillion SHIB was moved out of exchanges on November 20. This accumulation shows that investors remain bullish on Shiba Inu (SHIB). A price rally may occur in the coming weeks.

Chainlink (LINK) Price Drops, Analyst Forecasts Rise To $22

Chainlink (LINK) is trading above the 200-SMA ($12.84) after its latest earlier this week. The cryptocurrency peaked at $15.59 on November 18 following a bullish run.

Currently, the Chainlink coin has lost its upward momentum and has dropped to the $14 level. Still, it has gains of 2.6% on the weekly timeframe and 21.6% on the biweekly chart, based on CoinMarketCap DAA.

Analysts believe the recent correction is only temporary. Satoshi Flipper posted a bullish chart on X, where the Chainlink price is set to hit $22. According to the analyst, the Chainlink crypto is trading in an ascending channel.

Meanwhile, Chainlink’s (LINK) VWMA (10) and Hull Moving Average (9) are flashing buy signals, which is an indication that bulls are taking the lead. As a result, we may see some upward price movement in the coming weeks.

IntelMarkets (INTL): Building the Future of DeFi With Innovative Solutions

IntelMarkets (INTL) could become a major player in the DeFi space with its new approach to trading. Unlike the typical platforms, IntelMarkets has integrated AI into its operations and tools, offering better trading analysis and automation to users. Analysts have called it the best new-generation protocol for crypto and perpetual futures contract trading.

Built on both the Ethereum and Solana blockchains, IntelMarkets guarantees high levels of security and instant transaction processing. With competitive features like 1,000:1 leverage and high liquidity, IntelMarkets enables users to capitalize on every market opportunity and achieve large profits from small market fluctuations.

A major feature of IntelMarkets is its openness and ease of use. The platform does not have any KYC measures in place, and users can remain anonymous while having access to complex trading instruments.

IntelMarket has its native token, INTL, which has already seen a rise during the presale stage, climbing from $0.009 to $0.054909. The DeFi project has raised over $2.4 million in funding. Market watchers predict the value of IntelMarkets could surge by 10x in the coming months.

Final Words

Shiba Inu (SHIB) could soar to a new level soon if it crosses the resistance at the $0.000025 region. Meanwhile, IntelMarkets’ ongoing presale shows that investors are interested in its offerings. Analysts believe the token could become a major player in the DeFi market soon.