Cardano (ADA) has regained the $1 psychological level, sparking excitement in the broader market. Since the beginning of the month, the ADA token has grown rapidly by 193%. Analysts suggest that if the price of Cardano maintains this bullish momentum, the next significant target is at the $2.453 mark. Similarly, Ethereum’s price hit the $3,682 level, its highest level since June 10.
Meanwhile, the buzz around Lunex Network is evident due to its expanding community and successful presale. The project has accumulated over $3.6 million in its explosive presale as its holders anticipate a price increase to $0.0038 from its current price of $0.0033. Analysts believe that Lunex is the next 100x crypto in this bull run,
Lunex’s Aggregation Protocol Enhances User Experience
Lunex Network (LNEX) aims to empower traders to excel in the crypto market by introducing powerful tools designed to enhance user experience like never before. One notable feature is the mobile exchange app, designed to enable users to trade on the move. The application is compact and intuitive, providing real market analysts. At the same time, it allows instant swaps of more than 50,000 crypto pairs at lower fees.
Moreover, its portfolio tracker supports several asset classes, including ETFs, stocks, and cryptocurrencies. This versatility has made Lunex Network stand out as the go-to platform for seasoned traders managing diverse portfolios, offering a comprehensive view of their financial status.
As data protection becomes increasingly crucial for traders, Lunex Network becomes a pioneer with its strong focus on security. The project has eliminated tedious KYC verification requirements and third-wallet linking, minimizing the risks of data breaches. This move has ensured all personal information is safe during transactions. These privacy features have appealed to all kinds-of-traders who seek a discreet trading environment.
ETH Price Hits Six-Month High Near $3,700
Ethereum hit $3,682 on November 27, its highest level since June 10. This culminated in an 18% gain in the past week. However, the price of Ethereum has retreated below $3,700 but has sparked excitement among analysts and investors alike. According to Rekt Capital, shared Bitcoin’s range between $91K and $100K could fuel Ethereum to take the lead and enable money flow into smaller altcoins.
He added that the ETH token needs a weekly close above the $3,650 mark to break out from its previous high in June. Rekt suggested that the ETH bulls would target the $4K level. Historically, such weekly closes in the red resistance have preceded substantial upsides, which could push the price of ETH towards $4.5K. The on-chain technical structure aligns with this bullish sentiment.
Its Relative Strength Index and Moving Average Convergence/Divergence (MACD) have turned bullish. The RSI is reading 66. Notably, this upward momentum coincides with a record-high Ether futures open interest, which reached $22 billion on November 27. This marks a 23% rise over the past month.
ADA Price Consolidates Near the $1.00 Zone
Cardano’s price regained its $1 psychological level and briefly slipped below this point. The token has been trading above $0.950 and has a simple moving average of 100- hourly. Additionally, the ADA token surpassed the 50% Fib retracement zone of the downward move from the $1.150 swing high to the $0.8696 low. This indicates a positive sentiment for the altcoin.
However, the ADA bears have taken control over the $1.050 zone. They have also formed a critical bearish trendline on its hourly chart, forming resistance around the $1.020 level. This trendline has neared the 61.8% Fib retracement level, a downward move from the $1.150 swing high to the $0.8696.
If the price of Cardano closes above the $1.0840 resistance zone, the token could witness fresh rallies that could push its value towards the $1.150 level. Any additional bullish momentum could move the ADA price towards the $1.20 level. On the flip side, if the ADA coin fails to reach above the $1.050 resistance level, it could see another decline towards the $0.9650 level.
Traders Buy LNEX Tokens In Presale
While Ethereum and Cardano price actions excite their communities, traders rush to snap up LNEX tokens in presale. The project is selling for a low entry price point of $0.0013. By its official launch, analysts expect LNEX valuation to grow by 1800%, making it a good option for anyone looking for big returns in the DeFi market.
You can find more information about Lunex Network (LNEX) here:
Website: https://Lunexnetwork.com
Socials: https://linktr.ee/Lunexnetwork
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