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Cryptocurrency News Articles

Chainlink, Pepe Coin, and Lunex Network Set For A Rally

Nov 23, 2024 at 11:59 pm

Chainlink has seen a significant surge in the past few weeks. The Decentralized Oracle network has formed a bullish upside action, with the altcoin poised

Chainlink, Pepe Coin, and Lunex Network Set For A Rally

Several crypto assets have experienced significant surges in recent times, driven by various factors. Among them, Chainlink (LINK), Pepe Coin (PEPE), and Lunex Network (LNEX) have garnered attention for their notable price movements and value propositions.

Chainlink, the leading Decentralized Oracle Network, has seen a strong upside action on its daily time frame. The altcoin is poised for a bullish rally, having retested the breakout zone of an ascending triangle pattern.

This price action, coupled with rising open interest and strong investor sentiment, suggests a potential price surge of 35%, taking LINK to the $19 level.

Moreover, Chainlink's price has remained above its 200-day exponential moving average (EMA), indicating an uptrend.

Its relative strength index (RSI) is poised for potential upside momentum in the coming days. Chainlink's open interest also aligns with these bullish sentiments, having risen by 9.5% in the past 24 hours.

Meanwhile, Pepe Coin has emerged as one of the top performers over the weekly time frame, registering a 62% increase.

The meme token hit a new all-time high of $0.00002438 after securing Robinhood and Coinbase listing, pushing its market capitalization above the $10 billion mark before dropping to $8.4 billion to become the third largest meme coin.

On-chain technical structure reveals that the token is retesting its upper critical resistance level at around the $0.00002500 mark.

Its relative strength index (RSI) is moving towards the 72 mark, suggesting that the meme coin is overbought and may experience consolidation.

Additionally, the price of PEPE is trading above its 10-day simple moving average (SMA), aligning with bullish sentiments.

In the event that the PEPE price fails to bounce off above its upper critical resistance level, it could decline toward the $0.00001900 mark, where it will find support.

Any further downturn may send the price of PEPE towards the $0.00001800 mark.

Both Chainlink and PEPE tokens present interesting opportunities for long-term gains, catering to different investment strategies.

While Chainlink offers a more measured and sustained growth trajectory, PEPE is poised for potentially explosive returns, albeit with higher volatility.

Ultimately, the choice depends on individual risk tolerance and investment goals.

Lunex Network (LNEX), on the other hand, offers a unique value proposition by aiming to provide real passive income through its aggregation protocol and innovative reward system.

Unlike traditional exchanges that rely on liquidity provider (LP) payouts, Lunex will enable its users to generate收益 without locking their funds in liquidity pools.

This approach not only aligns with the essence of passive income but also caters to a wider audience, including those who may not have the capital or desire to participate in liquidity provision.

Moreover, Lunex's cross-chain trading capability and B2B gateway payments further enhance its utility and potential for growth.

With a presale that has already attracted more than $2.9 million from investors and market analysts forecasting an 18x rally in this cycle, Lunex Network (LNEX) is certainly an asset to watch for those seeking both short-term and long-term sustainability.

News source:themerkle.com

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