Dogecoin has taken a sharp U-turn this week amid wide market correction, but that hasn’t deterred investor optimism. The dog-themed meme coin has declined by 19% from its 7-day peak of $0.48. Similarly, the ETH price has slipped below its critical support level of $3.7K, but traders are optimistic it could reach the much-anticipated $5K mark in 2024.
Meanwhile, the Lunex Network (LNEX) presale continues picking up steam due to recent developments. The project has raised over $5 million in revenue after selling more than 50% of the presale token allocation. Lunex has also experienced another price surge to $0.0046. This marks an over 283% return to early adopters who acquired the tokens at the starting price of $0.0012.
Bullish Lunex Network Momentum: Key Driving Factors
Lunex Network (LNEX) has quickly gained ground in the broader market due to its growing user base and explosive presale momentum. The drive behind this bullish momentum can be attributed to its DEX protocol, which addresses some of the biggest DeFi challenges, including liquidity and price optimization. Its standout aggregation protocol sources liquidity from multiple exchanges and can even split a single trade across various exchanges to guarantee the best possible prices.
Lunex’s smart contract technology continuously verifies each transaction to ensure its accuracy. This smart contract approach, coupled with real-time information aggregation, has made Lunex emerge as a highly efficient and secure platform. By eliminating third-party connectivity and KYC verification requirements, Lunex permits anonymous trading without compromising security.
Subscribers to Lunex Pro enjoy premium benefits like anti-money laundering (AML) wallet checks, cashback from transactions, and advanced trading tools―perfect for high-volume traders managing large portfolios. Meanwhile, Lunex is expected to enter the DeFi market, which is projected to reach USD 231.19 billion by 2030, grabbing even the tiniest share of this market to increase the value of LNEX exponentially. Lunex is available at $0.0044, a notable discount from its predicted launch price of $0.0216. Investors can capitalize on this opportunity before its price soars.
Dogecoin Price Prediction
After rallying to a 7-day peak of $0.48, Dogecoin’s price has taken a U-turn, declining as much as 19%. The recent downturn has been influenced by Bitcoin’s (BTC) drawback below the $100% level. However, the downtrend hasn’t deterred investors optimism. Per Trader Tardigrade’s insights, the Dogecoin meme coin has been hovering between the oversold and overbought zones, projected linearly at around $8 to $10, essentially the top of this cycle.
He added that the DOGE token’s cycle top is still far away. After reaching its top, DOGE crypto could find a support zone around the $0.8 and $1.8 zones, potentially becoming an entry point for the next cycle. Another crypto analyst, Charting Guy, indicated that Dogecoin’s choppy movement might end in the next 10 days, and the subsequent breakout could propel it to a new ATH. These Bullish DOGE price predictions contradict its technical structure.
Its Moving Average Convergence Divergence (MACD) is flashing red, a sell signal. Similarly, the Momentum indicator, which compares the current price with the previous price from several periods ago, has highlighted a bearish sentiment. Moreover, per IntoTheBlock data, the balance of long-term holders for Dogecoin has declined, indicating that they are selling DOGE tokens aggressively.
Can Ethereum Price Hit $5,000 Level In 2024?
After its Total Valued Locked (TVL) reached $77 billion last week and the adoption of the Layer-2 scaling solution increased, several analysts have projected the ETH price could reach $5K by the end of 2024. However, the ETH coin has hovered above the $3.5K level and has faced significant resistance near the $3.9k level. It failed to hold above the $3.7K support and closed at a significantly descending trendline.
The on-chain technical indicators suggest that the ETH price is in a corrective wave four and is consolidating into the wings of a triangular formation that existed in the past three years. Once the consolidation phase ends, the ETH token is expected to rally exponentially toward a new all-time high. This rally might replicate its 2016 parabolic run. With favorable market trends, the ETH crypto can quickly hit $15,937 in May 2025.
According to the on-chain options protocol, Derive data indicate that Ethereum has less than a 10% chance of reaching the much anticipated $5K mark in 2024, despite significant inflows into spot ETH ETFs highlighting an impending supply-side crisis. The token must rally by as much as 37% from its current levels to reach $5K. Derive highlighted that trading of calls and puts for the top altcoin is evenly distributed, suggesting a neutral market sentiment.
New Next Gen DEX platform
Ethereum and Dogecoin prices have shown resilience amid price correction. Analysts are confident that these tokens could break out to higher levels. Meanwhile, Lunex’s presale success, surpassing over 2 billion tokens sold, demonstrates its appeal as a transformative force in the DeFi landscape. With cross-chain functionality and trader-focus features, Lunex sets the new standard for next-gen platforms.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
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