Dogecoin’s recent rally seems to have solidified the token’s position as a key player within the crypto market. DOGE has achieved a higher high on the weekly chart after breaking through a significant high-time frame resistance level of $0.32. This is a potent technical indication of Dogecoin’s ongoing uptrend momentum, as Shiba Inu also records an impressive surge of over 33% in just a month.
Shiba Inu’s price surge could push the token to the $0.1 mark in the long term. Despite Dogecoin and Shiba Inu’s impressive uptrend momentum, Lunex Network’s presale momentum has captured investors’ attention. The LNEX price has already hit the $0.0026 mark, representing an over 116% rally from its starting price of just $0.0012.
Lunex Network Set To Record 18x Rally Before The End of Q4
Lunex Network is a DeFi project offering multiple features to help users navigate the crypto environment. Still in its presale stages, the project has attracted considerable attention, raising over $2.7M in presale revenue.
Its unique compatibility with different blockchains will allow users to trade over 50K assets across more than 40 blockchains. This feature will help investors and traders looking for accessibility and convenience within the DeFi space.
The project also appeals to investors looking for long-term, sustainable returns and short-term gains through stressing passive income and a community-driven structure. With this, LNEX is positioned to become a high-value asset, which is evident in its quickly surging price.
Dogecoin Price Analysis: Will it Exceed $1?
With Dogecoin having surpassed a crucial resistance level, as indicated by crypto analyst Skew, the token is preparing for a significant surge that might push it to the $1 region. This breakout is also crucial as it indicates a structural change in Dogecoin’s trend while opening the door for a short-term stabilization between $0.032 and $0.40.
If the $0.40 holds, the likelihood of further upward movement will also increase. DOGE technical analysis also supports the surge, with the RSI at 77 suggesting buying pressure. The 100 and 200-day EMA sits at $0.17389 and $0.14877, respectively, while acting as support during a correction. Moreover, Dogecoin’s Fibonacci retracement level, at $0.398, could act as a launchpad for Dogecoin, increasing its price volatility.
With the DOGE token trading around the $0.35 and $0.37 mark, it has already recorded a monthly surge of over 179%. Experts believe the current bullish momentum will push the price of Dogecoin to the $1 region in the coming months, provided the bulls maintain control.
Shiba Inu Price Eyes the $1 Mark
The Shiba Inu burn rate spiked by over 6,200% in just a day, boosting its market sentiment. Over this period, over 290K tokens were removed from circulation. In the same week, the Shiba Inu community also removed around 135M SHIB tokens, leading to a decrease in supply.
This surge was concurrent with a 4% intraday rally in the SHIB price, around the $0.000023 mark. Owing to the Shiba Inu token supply, the sentiment for the token has turned bullish, with a YTD of over 192%. This bullish breakthrough could also pave the way for a potential breakout past the $0.3630 region.
While the price of Shiba Inu has also witnessed some consolidation and bounce back, holders are still optimistic about touching the $1 mark. However, this price level can only be achieved with support from the token’s technical indicators, including the recent breakout from a falling wedge pattern and a significant surge in market cap.
Will Lunex Network Hit the $1 Mark Soon?
With both Dogecoin and Shiba Inu eyeing the $1 achievement, Lunex Network is also set to join the competition. This new project seems to have garnered significant support that could help push the LNEX price to the $1 mark soon. It recorded an over 116% surge to hit the $0.0026 mark, an anticipated 18x rally once listed on major CEX.
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