Since the recent Trump pump, the cryptocurrency market has experienced a minor pull back. But, analysts believe this phase will not last. They expect the uptrend to resume very soon.
Based on an analysis shared by ETEM KILIC, the value of Shiba Inu (SHIB) may soar to $0.00003600. Also, Lunex Network (LNEX) is expected to give its holders up to 500% gains.
Shiba Inu (SHIB) Attempts To Break Major Resistance for Uptrend To Begin
After the blistering rally recorded last week, the Shiba Inu (SHIB) meme coin has been trading in a sideways channel. The SHIB token encountered a very strong resistance level at $0.00002513.
As per CoinMarketCap’s data, the price of SHIB again fell to the weekly low at $0.00002200. Nevertheless, in the monthly chart, SHIB appears to be bullish and has risen by 38%.
The Shiba Inu coin has many positive predictions from analysts like ETEM KILIC. In his analysis, within a week or two, the memecoin will climb back up to $0.00003600. However, ETEM KILIC explained that $SHIB must stay above $0.00002250.
This level has been a major support for the cryptocurrency in the past few weeks. Bears have attempted to break this region on several occasions but have failed. Regarding the Shiba Inu price prediction of ETEM KILIC, the SHIB token may go on a bear run in the event that price drops below the $0.00002250 support level.
Another analyst called Digarch gave a similar prediction. They posted a chart that showed the Shiba Inu coin price soaring to $0.00003295. The memecoin’s 14-Day RSI is above the midline and is moving towards the overbought region. This position is a bullish signal and means bulls are leading the market.
Lunex Network (LNEX): A DeFi Platform With Unique Features
Lunex Network (LNEX) is a relatively new player in the DeFi market. It allows traders to swap more than 50k coins across different chains at a low cost. This low cost is an appealing feature, especially for high-volume traders. Also, privacy is one of the most conspicuous advantages of Lunex Network.
Unlike the centralized exchanges (CEXs) that require verification, Lunex Network does not change this approach and provides users with an opportunity to work safely with cryptos without revealing their identities. Moreover, it is a non-custodial platform. Users have complete ownership of private keys and assets in the ecosystem.
This makes Lunex Network stand among the best DeFi projects for security-conscious traders in the market today, given the existing security risks to investments. The $LNEX token is the native token of Lunex Network and brings a lot of value to the ecosystem. In addition, $LNEX has a number of advantages for its holders.
Token holders can stake their coins and earn up to 18% annual percentage yield while contributing to the platform’s development. Also, $LNEX is central to Lunex’s profit-sharing program, where people can get a cut from the company’s revenues. This dual utility aids in increasing the value of $LNEX while also providing utility in the ecosystem as a platform that is rewarding for users.
The features above make Lunex Network one of the top DeFi projects in the market. It is currently in the presale phase and has raised nearly $3 million in funding; the LNEX token costs only $0.0026. Analysts forecast a price increase of 500% in the coming weeks.
Final Words
The best altcoins to watch out for now are Shiba Inu (SHIB) and Lunex Network. Analysts forecast their prices could skyrocket in the coming months, especially that of Lunex Network. They believe LNEX’s presale status and qualities could give it a massive boost in the future.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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