Solana has entered its price discovery phase but it is already facing a short term correction after rejecting a key resistance level. Dogecoin’s rally also pushed the token’s price into overbought levels and is now facing a minor pullback. Meanwhile, Lunex Network is showing no signs of slowing down as the new noncustodial DeFi exchange has already raised over $3.1 million in presale.
Solana (SOL) Faces Short Term Correction After Recording New ATH Price
Solana’s price is facing a short-term correction after rejecting the critical $262.96 resistance level. Since Solana has already entered its price discovery phase, analysts are optimistic about Solana testing the $300 to $400 zone before the end of 2024. These positive predictions are fueled by Binance launching monthly options for the SOL/USDT pair later this week.
Solana is currently trading for $240.60 after an intraday decrease of 1.88%. Since this minor decline was only due to Solana’s RSI entering the overbought zone, analysts expect Solana’s network to regain its upward momentum soon. Since Solana’s Awesome Oscillator and MACD Level are still suggesting significant buying pressure, analysts believe Solana could clear the $262.01 resistance before the end of Q4.
Dogecoin (DOGE) Price Faces Temporary Pullback as Rally Overheats
Dogecoin was amongst the biggest gainers during the recent post-election rally by recording a massive 204.91% price jump. Since Dogecoin’s RSI entered overbought levels during the last seven days, Dogecoin’s price is now facing a short-term pullback.
Dogecoin is currently trading for $0.4025 after an intraday decrease of 1.67%. Dogecoin’s volume has also crashed by 41.70% over the last 24 hours as the buying activity cools down. Since analysts are expecting Dogecoin to target the $3 level before the end of Q4, it is likely that Dogecoin’s network activity will surge once again at the beginning of December.
Lunex Network’s (LNEX) Price Jump Attracts Massive Whale Investments
Lunex Network is gaining hype as the next big DeFi exchange as analysts are already calling it the Binance killer. By launching a noncustodial exchange that connects isolated blockchain networks, Lunex Network is setting a new gold standard for crypto trading. Since Lunex Network’s skyrocketing demand has already pushed the price up by 210% from the initial presale stage, analysts are projecting LNEX to deliver a total of 1800% gains to early investors before the end of its presale.
Even in presale, Lunex Network is already attracting a significant number of whale investments due to its impressive cross chain interoperability. By integrating smart contracts on its ecosystem, Lunex Network is giving traders the opportunity to store, swap or exchange more than 50,000 cryptocurrencies across different chains with the click of a button.
Aside from creating a gold standard for trading, Lunex Network is also big on rewards as it offers staking rewards with up to 18% APYs through an ingenious revenue sharing model. By adding LNEX tokens to their staking pools, traders can start receiving rewards in as little as 30 days. Since Lunex Network’s presale investors receive their tokens right away, savvy traders are already capitalizing on this opportunity to earn massive gains before LNEX’s official debut on the open market.
Since Lunex Network’s presale tokens are selling out fast, analysts are already hinting at another new all time high price for LNEX by the end of this week. For now, LNEX tokens are selling for a low price of just $0.0031 each which makes now an ideal time to invest.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.