The cryptocurrency market is showing positive sentiment this week after a bearish start to November. The just concluded US election has revived investors’ buying interest. Experts believe that the SHIB token may grow to 150%-200% in value.
On the other hand, Pepe (PEPE) is a bullish chart as it breaks the 50-SMA and 200-SMA as support. According to Lookonchain, as of now, whales have acquired 835.6 billion PEPE tokens.
Analysts Predict 150-200% Price Pump for Shiba Inu (SHIB)
The recent poor performance of Shiba Inu (SHIB) has earned it the title of a sleeping giant by Tosh. The analyst shared a chart that depicted the Shiba Inu crypto rising to $0.00009 in the future weeks.
In another tweet, World Of Charts informed his followers that the Shiba Inu coin may rise by 150-200% if it escapes the descending wedge. This sort of price increase might see the cryptocurrency rise to $0.0000280 in the near term.
At the time of writing, SHIB is showing profits on the weekly and monthly timeframes as per data from CoinMarketCap. This memecoin has been able to secure a price pump within the larger crypto market in the last few days.
The price pump has pushed the price of SHIB to break the resistance level at 200-SMA ($0.00001858). The Shiba Inu price, however, failed to recover the $0.00002 region but struck a new monthly high of $0.0000195.
Pepe (PEPE) Price Smashes 50-SMA and 200-SMA, Whales Accumulation Begins
PEPE is one of the leading gainers in the market gaining 15%, according to CoinMarketCap to break out a descending trendline. At the time of writing, the meme coin is located well above both the 50-SMA ($0.000009368) and 200-SMA ($0.000009146), which is a positive indicator.
Converting these levels into supports might send the Pepe price to the $0.000010 range in the next couple of days. Pump Truck forecasts the value of the Pepe token could skyrocket to $0.000080316 in the coming months.
At the moment, Pepe’s (PEPE) 14-day RSI has been steadily rising, crossing. The RSI (14) and Stoch RSI (14) are now in the buying territory, which is a bullish sign for the Pepe price.
Meanwhile, data from Lookonchain shows whales are accumulating Pepe (PEPE). They have removed over 835.6 billion PEPE from Binance and Gate.io.
Analysts Forecast 10x Surge for Lunex Network
Lunex Network (LNEX) has quickly become one of the best ICOs on the market in the last few months. The project has raised $2 million in presale, and analysts believe that the LNEX coin can increase by 10x from its current price of $0.002.
The Lunex Network is different from traditional exchanges. It allows users to make cross-chain transactions with great ease, therefore making it easier for users to trade across various blockchains. Lunex Network also has a VIP Black Card available for only 500 presale token holders. This card enables investors to convert their cryptocurrency to fiat money from anywhere in the world.
Meanwhile, LNEX holders can begin earning passive income by staking their tokens for at least. They can get up to 18% APY for locking their coins. This real-world utility, combined with the flexibility of trading and high staking rewards, makes Lunex Network a good cryptocurrency to buy.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Socials: https://linktr.ee/lunexnetwork
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