Lunex Network Non-Custodial Defi Exchange Triggers 20x Bullish Projections

Ahead of the alt season, altcoins have continued to show significant signs of an imminent rally. Solana, the popular altcoin tagged Ethereum killer, has dropped below the key support zone as whales move to accumulate the Lunex Network token.

Solana price continues to show signs of an imminent rally. Data from Trading Copter shows that Sui has flipped Solana in daily trading volume.

The Lunex Network non-custodial DeFi exchange has been picked among the best in the market, triggering speculations of 100x rallies soon.

Solana, tagged as an Ethereum killer, has gained momentum in the past weeks, fueled by increasing whale activity and rising TVL on the Solana blockchain. Solana CoinMarketCap data shows that the altcoin has gained 508% in the YTD price metrics to rank as one of the top-performing altcoins.

Although the Solana coin has declined slightly in the past few days, many analysts project a significant uptrend in the coming week. Meanwhile, the Solana trading volume has continued to grow, partly driven by new partnerships like the recent collaborations with Franklin Templeton and Travala, which showcase its growing influence among institutions.

The technical analysis from Tradingview shows that Solana’s price is struggling to hold onto the $146 support zone. Analysts think a bounce from this level could soon push the price above the $160 mark.

On the other hand, Sui, the layer 1 blockchain ongoing rally doesn’t seem to be stopping soon. On-chain market data shows that Sui has flipped Solana in daily trading volume to signal increasing demand for the Sui token.

According to CoinMarketCap data, Sui’s price has gained 108% in the monthly chart as the coin surpasses the $2 mark for the first time since March.

Sui Network-based meme coins such as Sudeng (HIPPO) have surged by over 165% weekly, and aaa cat (AAA) has skyrocketed by 370%. At the same time, the open interest (OI) for SUI has reached $827.69M to signal rising market liquidity.

Analysts believe this positive news will drive the Sui price above $3 sooner than anticipated.

The technical analysis shows that Sui trades above the 50-day and 200-day EMA. However, the RSI shows a red alert at 73, signaling an overbought region. Even at that, the Sui market cap and trading volume are experiencing massive growth. As such, a rise above its $2.18 ATH is possible soon.