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Cryptocurrency News Articles

Lunex Network (LNEX) Prepares to Steal the Bull Cycle Hype Targeting $100 Million Market Cap

Dec 29, 2024 at 01:37 am

Dogecoin's price has been trending within a horizontal consolidation, losing a crucial support level at $0.34. The meme coin has been stuck within an ascending trend line that has acted as a strong support suggesting the possibility of a healthy upswing.

Lunex Network (LNEX) Prepares to Steal the Bull Cycle Hype Targeting $100 Million Market Cap

Dogecoin’s price has been trending within a horizontal consolidation, losing a crucial support level at $0.34. The meme coin has been stuck within an ascending trend line that has acted as a strong support suggesting the possibility of a healthy upswing. On the other hand, Ethereum (ETH) has witnessed increased resistance around the $4,050 level and has retraced more than 15% in the last two weeks.

However, ETH whales have continually accumulated this top altcoin. Meanwhile, Lunex Network (LNEX) is quietly stealing the bull cycle hype by raising more than $5.5 million during its explosive presale. Its innovative foundation and potential to deliver massive returns for early adopters have continued to garner smart money into its ongoing presale. Let’s uncover how these three tokens will perform as 2025 kicks in.

Dogecoin Price Prediction 2025: Can It Breach $1?

As mentioned earlier, the price of Dogecoin is on track towards crucial levels that could determine its next massive move. The DOGE token has yet to break the ascending trend line, which has acted as support, upholding the probability of a healthy upswing. If the DOGE price breaks above this point, it is expected to trade along a rising trendline and reach its apex.

This could lead to a breakout towards the $0.7 resistance level. However, if the price of Dogecoin repeats its previous trends, it could drop below the $0.25 mark and remain in a consolidation phase for a while. Its technical indicators highlight similar trends, which indicate an impending pullback.

Despite the growing bearish pressure, DOGE’s price could be on track for a healthy rebound to revive the ascending trend and steer its price toward the $0.7 barrier in Q1 2025. Once DOGE crypto attains these levels, it could maintain bearish pressures and continue its rally toward the $1 psychological level in late 2025, successfully marking the peak of the ongoing bull run.

LNEX Holders Anticipate Another Price Increase

Lunex Network has seen considerable interest due to its ongoing presale momentum. LNEX token price has significantly spiked by 300% and has raised over $5.5 million in revenue. This incredible presale performance is a testament to investors’ confidence in Lunex’s potential. LNEX is currently available at $0.0049 as its holders anticipate another price surge in the coming days.

The driver behind the bullish momentum is its brilliant non-custodial crypto exchange set to redefine ownership and trading of crypto assets. Lunex users can buy, sell, or swap over 50K crypto assets across 40+ blockchains. It has eliminated KYC verification requirements and third-party connectivity, minimizing data breaches and barriers to entry, a feature that has appealed to privacy-conscious traders and forward-thinking investors.

At the platform’s core is its native token, LNEX, which plays an essential role within the Lunex Network ecosystem. Lunex users can earn rewards and contribute to the network’s security by staking LNEX tokens. Its standout Lunex Pro offers advanced trading tools and perks like live market analysts, AML wallet checks and cashback on transactions, key features suitable for high-volume portfolios. These features, coupled with deflationary tokenomics, have positioned Lunex Network among the projects about to disrupt the DeFi market.

Ethereum Price Witnesses Short-Term Correction

Ethereum’s price experienced significant resistance at the $4,050 level, forming a bearish continuation pattern that fueled a 10% drop toward its $3K support level. The top altcoin is trading below the 50-day Moving Average (MA), with its Fear and Greed Index at around 57 percent, further amplifying a correction in the near term.

However, the price of Ethereum has been forming a rising trend in the long haul, highlighting a bullish Q1 of 2025. In addition, the ETH/BTC pair has also formed a bullish signal after trending within a bearish phase in the past three years. It also emerged from multi-year consolidation after closing on a feeling logarithmic trend.

This could likely trigger a bullish continuation pattern toward the $5K level in the short term. Meanwhile, per on-chain data, the demand for ETH tokens has sharply risen due to rising calls for a parabolic Altseason. The rising demand for Ethereum from institutional investors coincided with cash inflows to the ETH Futures Open Interest, which further signal bullish sentiment from long-term investors.

Lunex Offers a Low Barrier To Entry

Ethereum (ETH) and Dogecoin (DOGE) have been highlighted as projects that could hit big next year. On the other hand, Lunex Network (LNEX) could witness massive adoption due to its enticing low entry barrier to entry price, innovative fundamentals, and cutting-edge technology. For anyone seeking long-term gains and reliability in DeFi, L

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Other articles published on Dec 29, 2024