Analyst Forecasts Uptrend For Bonk (BONK) Despite Price Drop

The Bonk token has plunged to former lows after a recent correction. CoinMarketCap data showed its price soared to a peak of $0.000058 before it began to lose momentum.

A potential bull run is making waves in the market. Experts predict that the price of the Bonk coin may rise to $0.0000600.

Also, they say the value of Lunex Network (LNEX) and Stellar (XLM) could cross $1 in the coming months. In the meantime, investors are taking advantage of the downtrend to stock their portfolios.

Analyst Forecasts Uptrend For Bonk (BONK) Despite Price Drop

The Bonk token has plunged to former lows after a recent correction. CoinMarketCap data showed its price soared to a peak of $0.000058 before it began to lose momentum.

Currently, the value of Bonk (BONK) has dropped by 8.1% on the biweekly chart. Still, analysts believe the correction is just a phase. They expect another uptrend to begin in the coming days. One of such analysts is LEVERAGED_LABS.

They forecast the Bonk price might rally to two price targets in the coming weeks. The first target is $0.00006000. If the bullish momentum lingers, LEVERAGED_LABS says the Bonk coin price could rise to $0.00009188.

Presently, the sentiment surrounding the memecoin is bullish. Its Hull Moving Average (9) and VWMA (10) are flashing buy signals which means bulls are in control. So, we might see some upward movement in the next few days.

Stellar (XLM) Predicted To Cross $1

The Stellar coin produced an overwhelming performance last month. Holders of the token made more than 400% returns as the altcoin price increased from $0.1 to $0.6. The cryptocurrency is, however, trading in the red zone, according to CoinMarketCap. The 14D chart shows a decline of 15.3% on its price.

Nevertheless, analysts are looking forward to a price surge. One of them is Arye. They believe the Stellar token is a better option than XRP. They forecast its price could increase to $0.9 in the coming months. Another analyst called PB told his followers there was a good buying opportunity at $0.3900-$0.4600.

He predicts the Stellar price might rise to $2 in the coming months. Moving on to the technical indicators, the probability of this prediction is high. Stella’s relative strength index is above average, which means bulls are in charge. The Average Directional Index (14) is also in the by territory.

Lunex Network (LNEX) Prices Soar to New Level

Among the new tokens that have entered the market recently, Lunex Network (LNEX) is quickly gaining attention with each passing stage of its rewarding presale, where participants can now acquire tokens for an optimal price of $0.0048.

As a decentralized cross-chain trading platform, Lunex Network boasts the capability to trade over 50,000 assets simultaneously across multiple blockchains. This level of cross-chain compatibility makes Lunex a prime choice for traders who value the convenience of having diverse trading options at their fingertips.

In this regard, Lunex is poised to be among the top DeFi projects in the market, as will be discussed further in this article. Moreover, Lunex Network also offers enticing financial benefits to those who hold $LNEX tokens.

For instance, those who stake LNEX can earn an impressive APY of up to 18%, making Lunex Network a prime candidate for generating passive income within the DeFi space. Additionally, Lunex features a unique portfolio tracker that sets it apart from the rest, enabling users to track their cryptocurrency, stock, and ETF investments.

This user-friendly aspect of Lunex makes it easy to manage and track an investment portfolio, as users no longer have to switch between multiple platforms to keep an eye on their diverse holdings. Instead, they can view all their investments in one convenient location.

As a multifaceted, versatile, and innovative DeFi solution that has the potential to revolutionize the trading market, Lunex Network is bound to continue attracting attention and participation.

Conclusion

Bonk (BONK), Stellar (XLM), and Lunex Network are very close to having their big breaks. Analysts predict their prices could skyrocket in the next few months based on the bullish sentiment in the general market.

You can find more information about Lunex Network (LNEX) here:

Website: Lunex Network

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