According to KrissPax, Dogecoin has formed a bull flag pattern, suggesting potential upside movement. The analyst draws out a clear flag pole formation followed by a consolidation period, indicating temporary price stability before DOGE’s anticipated breakout.
Similarly, Shiba Inu’s burn rate has surged over the past day, with millions of coins burning. In terms of Shiba Inu price movement, this presents a bullish outlook, with the token maintaining a tepid price movement for some time despite significant meme coin price rallies. Lunex Network has also seen massive gains in its presale. The project has already raised over $5.2M with a new price of $0.0046.
Lunex Network Price Surges by Over 283%
Lunex Network has been attracting significant attention within the crypto market. This unique presale star has already surged by over 283%, with further gains set to come soon. What makes Lunex Network stand out is its ability to disrupt the DeFi market, which is set to hit $48B by 2031.
The LNEX token’s long-term stability and growth potential might be amazing. The project will launch a new non-custodial trading platform that connects isolated blockchains. Here, users can trade over 50,000 crypto coins across 40+ blockchains in total privacy. Moreover, holding the LNEX token has many perks, including staking rewards and governance voting rights.
This DeFi coin is currently worth $0.0046, which means early investors already enjoy over 283% ROI. The project has already raised over $5.2M in presale revenue as it eyes the $6M target by the end of the year. A tier-1 crypto exchange listing might also push the LNEX price closer to the $1 region.
Dogecoin’s Pattern Suggests DOGE Price Might See a 70% Spike Before The End of Year
Dogecoin displays a textbook bull flag pattern, with the initial sharp uptrend movement forming the flagpole. During its subsequent consolidation phase, Dogecoin’s price has been moving in a rectangular channel with a minor upward tilt and decreasing volume. This character is typically common for this pattern.
Based on traditional technical analysis approaches, KrissPax projects a $0.69 price target for Dogecoin. This was achieved by extending the flagpole’s height from the token’s breakout point. This represents an over 70% spike from Dogecoin’s current level above the $0.39. The 50-day SMA has also maintained its position above the 200-day SMA, reinforcing the bullish trend.
However, for this bullish outlook to materialize, Dogecoin’s price movement has to breach the flag’s upper resistance with significant volume. The broader market conditions will be crucial here, especially Bitcoin’s performance. Currently, Dogecoin’s price action suggests building buying pressure, with the RSI at 51.
Shiba Inu Burn Rate Surges By 3,600%, SHIB Price to Follow
According to Shibburn data, the SHIB’s burn rate has surged by 3,600% in the past day, with 35.6M coins burnt. During this period, two transactions stood out, with one transaction seeing 15.5M coins burnt and the other seeing 11.1M coins burnt.
While the burn rate momentum seems to have cooled off, the eliminated tokens present a bullish outlook for Shiba Inu’s price. The top meme coin’s value might surge as more coins are eliminated from circulation. This is also a much-needed boost for Shiba Inu, whose price has remained consolidated despite other meme coins like Dogecoin and Pepe hitting new highs.
Despite the tepid SHIB price action, which has the token hovering above the $0.000025 region, crypto analysts remain positive that Shiba Inu will record a bull run. According to Shib Spain, the mem coin is battling crucial resistance zones between $0.000026 and $0.000030. However, breaking past this resistance will lead to a significant breakout, eyeing the $0.0001. Technical indicators also point to building momentum in the price of Shiba Inu.
DOGE vs SHIB vs LNEX
Dogecoin and Shiba Inu are some of the top crypto coins with potential big price gains. However, experts are also convinced that Lunex Network has what it takes to turn investors into millionaires. With its unique DeFi features, the LNEX token is set to gain more.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
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