BNB and Polkadot (DOT) Flash Bearish Signals, While Lunex Network (LNEX) Presale Skyrockets Targeting 1800% Gains

BNB is already flashing signs of a bearish sentiment despite launching a new stablecoin while Polkadot is struggling to sustain its momentum. Meanwhile, savvy traders are jumping to more reliable investments like Lunex Network’s viral presale that is poised for 1800% gains before its official launch on the open market.

BNB price crashes despite new stablecoin launch, while DOT struggles to sustain momentum

BNB’s price is set to crash to the $574.4 pivot as technical indicators hint at a bearish wave.

Polkadot begins the month on a sour note with a price decrease of 0.23% despite post-election gains.

Lunex Network emerges as the biggest gainer in Q4’s bull market with a promising presale.Binance Coin (BNB) price is set to crash to the $574.4 pivot as technical indicators suggest a bearish wave despite Binance launching a new stablecoin called BFUSD. Meanwhile, Polkadot (DOT) begins the month on a sour note with a 0.23% price decrease despite post-election gains. In contrast, savvy traders are jumping to more reliable investments like Lunex Network’s viral presale that is poised for 1800% gains before its official launch on the open market.

Binance, the platform behind BNB, has just announced a new stablecoin called BFUSD. This stablecoin is designed to compete with Tether (USDT) and USD Coin (USDC), and it will offer traders an incentive to simply hold BFUSD in their wallets. In return for not locking their funds, traders will receive rewards of up to 19.55% APY.

BNB price set to crash to $574.4 pivot despite new stablecoin launch

BNB’s price has failed to sustain investor interest after rallying during the initial post-election rally. As a result, BNB’s price is now in overbought territory, and technical indicators suggest a bearish wave.

BNB’s MACD level is indicating that bearish momentum is building, and the token’s price is also facing resistance at the 50 Moving Average. Moreover, the Momentum Indicator is suggesting that bearish dominance is increasing rapidly.

If a sell-off ensues, then BNB’s price could crash to the $574.4 pivot, and traders can expect further losses if the token fails to find support at this level.

Polkadot (DOT) struggles to find a stable price after massive fluctuations

Polkadot started the month on a bearish note, with the token’s price trading in the red. Despite a post-era election rally that resulted in an intra-month gain of 29.11%, analysts remain cautious about Polkadot’s future potential.

After a massive sell-off on November 22, Polkadot’s price has failed to recover, and investors are losing interest in the token. Polkadot is currently trading at $5.82 after an intraday decrease of 0.23%.

Polkadot’s trading volume has also decreased by 1.58% over the last 24 hours, indicating low network activity. This low activity suggests that despite the broader crypto market showing extreme greed, Polkadot investors are turning bearish on the token.

Technical indicators like the Commodity Channel Index (CCI) and Momentum Indicator are also hinting at high selling pressure for Polkadot. If a sell-off ensues, then DOT’s price could retrace to the $4.90 level.

Lunex Network takes over DeFi market with viral presale

Lunex Network is dominating the DeFi market during Q4’s bull market. The token’s price has been setting new all-time highs each week. This week, Lunex Network has managed to surpass the $2.5 million milestone, which is making analysts even more positive about an upcoming rally.

If Lunex Network can maintain this upward momentum by the end of its presale, then analysts are predicting up to 1800% gains for LNEX holders even before the token’s official launch on the open market.

The reason why Lunex Network is emerging as the biggest gainer during this bull cycle is the platform’s innovative strategy to combine features of centralized and decentralized exchanges.

By launching a new non-custodial exchange platform that enables quick and simple cross-chain transfers, Lunex Network is outshining the competition and setting itself up for huge gains in the future.

Aside from trading, Lunex Network also offers several features like portfolio tracking and a DeFi wallet that enhance user experience. With these features, traders can store, exchange or track the progress of their digital assets on a single platform without worrying about the security of their funds.

Since Lunex Network executes all transactions through smart contracts, traders can enjoy complete transparency and blockchain-level security.

If that wasn’t enough, then Lunex Network is also giving traders a consistent passive income with its revolutionary revenue-sharing model. Every week, the platform uses up to 18% of its revenue to repurchase LNEX on the open market and distributes these tokens to current holders.

Since traders can start receiving rewards in as little as 30 days, now is