The crypto market is showing renewed vigor as top altcoins like Shiba Inu (SHIB) prepare to retest resistance levels. The memecoin was unable to sustain its explosive growth and surpass a key resistance level.
Meanwhile, a new DeFi coin, IntelMarkets (INTL), has continued to gain momentum in the market. Analysts believe it has the potential to outperform top OGs like Chainlink (LINK) due to the innovative features IntelMarkets brings to DeFi.
Shiba Inu (SHIB) Could Reach $0.000039 If It Breaks Major Resistance
Analyst Ali Martinez highlighted a major resistance level for Shiba Inu (SHIB) at $0.000025, where around 40,000 addresses hold a total of 54.6 trillion SHIB tokens. Breaking this supply barrier with a continued price range above could eventually push the Shiba Inu price to $0.000039.
Meanwhile, Shiba Inu coin is trading between $0.00002300 and $0.0000270 on a weekly time frame. Its price plunged 7% during this period.
Meanwhile, the Shiba Inu crypto recorded gains of 29.5% on the bi-weekly chart and 30.9% on the monthly period per CoinMarketCap. This is a bullish sign that the token may reach new levels soon.
Additionally, Martinez reveals that 1.7 trillion SHIB was withdrawn from exchanges on November 20. This accumulation shows that investors are still bullish on Shiba Inu (SHIB). A price increase could occur in the coming weeks.
Chainlink (LINK) Prices Fall, Analysts Forecast Rises to $22
Chainlink (LINK) is trading above the 200-SMA ($12.84) after its last one a few days ago. The cryptocurrency peaked at $15.59 on November 18 after an uptrend.
Currently, Chainlink coin has lost its upward momentum and fallen to the $14 level. Nonetheless, it makes profits of 2.6% on the weekly timeframe and 21.6% on the bi-weekly chart, based on CoinMarketCap DAA.
Analysts believe the recent correction is only temporary. Satoshi Flipper posted a bullish chart on X, where Chainlink price climbed to $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 issuing buy signals, indicating that the bulls are in the lead. We could therefore see a price increase 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. Different from traditional platforms, IntelMarkets has integrated AI into its operations and tools, providing better transaction analysis and automation to users. Analysts have called it the best next-generation protocol for trading cryptocurrencies and perpetual futures.
Built on the Ethereum and Solana blockchains, IntelMarkets guarantees high levels of security and instant transaction processing. With competitive features such as 1000:1 leverage and high liquidity, IntelMarkets allows users to make the most of every market opportunity and earn large profits from small market fluctuations.
A major feature of IntelMarkets is its openness and ease of use. The platform has no 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 gained traction during the presale phase, rising from $0.009 to $0.054909. The DeFi project has raised over $2.4 million in funding. Market observers predict that IntelMarkets’ value could increase 10-fold in the coming months.
Final words
Shiba Inu (SHIB) may soon reach a new level if it breaks through the resistance at the $0.000025 region. Meanwhile, IntelMarkets’ ongoing presale shows that investors are interested in its offerings. Analysts believe that the token could soon become a major player in the DeFi market.
Learn more about IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter:
