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Cryptocurrency News Articles

Lunex Network (LNEX) Emerges As Best Crypto Investment for Gains in 2025 Over Solana (SOL) And Cardano (ADA)

Dec 22, 2024 at 01:30 pm

The Ethereum Killer called Solana (SOL) has joined altcoins trading in the red zone after its latest price decline. Data shows the cryptocurrency has fallen below $200 and could test former lows.

Lunex Network (LNEX) Emerges As Best Crypto Investment for Gains in 2025 Over Solana (SOL) And Cardano (ADA)

Solana (SOL) dropped below a crucial level on Thursday as the cryptocurrency continues to trade in the red zone. CoinMarketCap data shows the Solana coin lost the support level given the bearish sentiment in the market.

The price of Solana (SOL) has dropped by 16.0% on the weekly chart and 21.3% on the monthly level. However, technical analysis paints a bullish picture for the Solana crypto.

The Stochastic Fast (14) and Williams Percent Range (14) are in the buying territory, which is a bullish signal for the Solana token.

CryptoBatman forecasts the value of the altcoin could rise to $240 in the coming weeks. The analyst noted that there is major support around the $180-$200 level.

Another analyst called VipRoseTr predicts the value of the cryptocurrency could surge to $420. Given this bullish prediction, we might see some price gains in the coming weeks.

Meanwhile, Lunex Network (LNEX) emerges as a top gainer with 283% Gains. Analysts forecast its price could rally to $1 in the coming year, making it a good cryptocurrency to buy.

In other news, Cardano (ADA) is forming a bullish divergence pattern.

Cardano (ADA) Forms Bullish Divergence

This DeFi cryptocurrency has lost the $1 level after a major price correction. CoinMarketCap info shows the value of Cardano (ADA) has dipped by 23.1% on the weekly chart.

Going forward, analysts believe the value of the Cardano coin could rally to new levels. Mr Brownstone forecasts the value of the DeFi coin might rally to $2.50-$3.50 in the coming weeks.

Sssebi, another analyst, points out a bullish divergence is forming on the Cardano price chart. This divergence happens when ADA goes to the oversold level on the RSI while the price chart sets a higher low.

According to Sssebi, this divergence is a buy signal, which means that the price of the Cardano token may soar to new levels soon. However, the analyst also notes that there could be a slight drop in price before this recovery starts.

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Other articles published on Dec 22, 2024