Analysts say the crypto market is set for its next rally that could propel three coins—Shiba Inu ($SHIB), Cardano (ADA), and LNEX—to new levels. While Shiba Inu (SHIB) could reach $0.00004 and Cardano (ADA) is targeting $1.50.
Also, Lunex Network is eyeing a 10x run that could give holders huge gains. This project is one of the top DeFi projects in the market today. The ongoing presale has drawn a lot of investors following its 266% price pump.
Shiba Inu (SHIB) May Reach New High
In December, Shiba Inu (SHIB) was trading within a very tight range. This range is between $0.000027 and $0.000033 according to the data obtained from CoinmarketCap. However, according to market analysts, the Shiba Inu (SHIB) token may get to a new price very soon.
CaptToblerone shared a chart indicating that the Shiba Inu token’s value could rise to $0.00004. Yet another analyst at Investinghaven predicts the Shiba Inu price will surge to $0.0000888 in the next year. But before ramping up gains the former memecoin, it needs to come out the triangle pattern.
The trendline for the breakout is around $0.000033. On the other hand, the Shiba Inu coin could slowly trade inside this pattern in the upcoming weeks. Shiba Inu’s (SHIB) VWMA (10) and Hull Moving Average (9) are currently in the buying territory. The buy signals are displayed, which means the bulls are in charge of the market.
Cardano (ADA) Predicted To Reach $1.5
Chris is one of the analysts who is bullish about the Cardano coin. He noted that the altcoin was trading in a triangle pattern which had been forming since the beginning of this month.
Chris notes there is a strong resistance around $1.5. Crossing this level could push the Cardano token to $1.52. Meanwhile, another analyst gave a similar forecast. Surf posted a chart that showed the Cardano (ADA) soaring to $1.48.
At the moment, the cryptocurrency’s gains have reduced on the monthly and weekly timeframes. According to CoinMarketCap’s data, the Cardano price has increased by 155.1% on the monthly chart.
Its technical indicators are currently bullish. They could also help push prices higher in the weeks ahead. The RSI is above the midline, and ADX (14) is printing a buy signal.
Lunex Network (LNEX) Offers Top-Grade Features To Users
Lunex Network is a new DeFi platform that is bringing in features that make it a fast and efficient place to trade. Lunex tries to overcome the problems in the DeFi market by having low commissions, high TPS, and supporting other chains that help both newbies and experienced users.
Another advantage of Lunex is that the cost has been kept low to provide users with high profit margins. Unlike many other platforms where traders are charged transaction fees, Lunex assists traders in maximizing every transaction made without much cost. This is useful for users because it increases the number of trades they can make, which is good for people who trade often.
The other feature of Lunex Network is that it has a very high speed. By employing the latest technology in the blockchain, Lunex provides very high transaction throughput to meet market changes in real-time. This is because fast trades can be the decisive factor between profit and loss.
Lunex Network is in the presale phase at the moment. It is trading at $0.0044. Lunex is a DeFi solution that corresponds to the requirements of modern trading. It provides low charges and quick transfers.
Final Thoughts
During the next phase of the bull run, some of the coins that may lead the crypto market are Shiba Inu (SHIB), Cardano (ADA), and LNEX. Experts say their prices could skyrocket to new levels. Thus, this is the best time for investors to join those buying the dip before the rally kicks off.
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.
