Dogecoin’s bullish momentum was halted with a sudden consolidation, and analysts are cautious about whether Shiba Inu will follow the same trend. Meanwhile, the safest investment in the market is Lunex Network’s explosive presale which is expected to hit a new all-time high within the next two weeks.
Dogecoin (DOGE) Faces Bearish Consolidation
Dogecoin’s bullish trend over the past week made analysts optimistic about bigger gains in Q4, but the token has suddenly fallen into a consolidation phase. Despite the significant 72% increase in new wallet addresses throughout September, Dogecoin is now undergoing a short-term sell-off. Dogecoin is currently trading for $0.1063 after an intraday decrease of 3.76%.
Since the token’s volume has increased by 21.52% in the last 24 hours, Dogecoin’s short holders appear to be booking profits. Even Dogecoin’s daily chart shows that the token is currently trading below all its Simple Moving Averages which typically reflects bearish dominance. If the selling pressure continues, Dogecoin could fall to the $0.0913 support in the upcoming weeks before seeing a trend reversal.
Shiba Inu (SHIB) Whales Trigger Bullish Momentum
Shiba Inu’s whale activity recently surged by a significant 360% with big increases in large investor holdings. This heightened whale interest might indicate an upcoming shift in market sentiment that could push Shiba Inu towards the next price target at $0.00002. For now, Shiba Inu is trading for $0.00001589 after an intra-day decrease of 3.70%.
Although Shiba Inu’s volume has increased by 12.98% in the last 24 hours, Shiba Inu’s community sentiment is still 86% bullish. Since Shiba Inu is trading above its 50-day and 100-day Simple Moving Averages, it could also break above the 200-day SMA in the next few days. If Shiba Inu’s Momentum Indicator and Bull Bear Power stay in bullish territories, Shiba Inu could test the nearest resistance at $0.00002206 soon.
Lunex Network (LNEX) Poised for 1800% Rally During Explosive Presale
Lunex Network (LNEX) is making headlines every day since its presale launch, and it’s all for good reason. In only 72 hours, stage 1 of Lunex Network’s presale was fully sold out. Given this bullish momentum and increasing hype, analysts are predicting a huge 1,800% surge in Lunex Network’s price by the end of its presale stages.
The reason why Lunex Network is seeing a massive influx of investors during its ICO is the platform’s cross-chain interoperability. Instead of restricting traders to a single blockchain network like traditional DEXs and CEXs, Lunex Network is allowing investors to swap more than 50,000 crypto pairs across multiple blockchains.
Aside from this revolutionary feature, Lunex Network is also committed to user experience as it boasts an extremely user-friendly interface and a no-KYC policy. Instead of providing sensitive information, traders can directly download Lunex Network’s mobile exchange, select two cryptos to swap and enter a recipient wallet address where their new tokens will be deposited within minutes.
If some traders want to take their DeFi experience to the next level, they can subscribe to Lunex Network’s Pro subscription service which features a variety of advanced trading features. These Pro subscribers can receive cashback on every trade, perform AML wallet address checks, and even use the Portfolio Tracker to track their stocks, bonds, and ETFs in one place.
Even with these revolutionary features, Lunex Network’s presale is still offering a low entry point of only $0.0013 per token. Since this price isn’t expected to last for long, traders are rushing to get their hands on $LNEX before the much-anticipated price surge within the next 2 weeks.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork