Lunex Network (LNEX) Sets New Records as Its Explosive Presale Momentum Picks Up Steam

Lunex Network continues to gain traction as the next big DeFi exchange thanks to its revolutionary features

Shiba Inu (SHIB) began the month of November on a positive note, breaking out from several resistance zones to reach a 229-day high on Nov. 12. Its weekly time frame highlights upside momentum alongside an ascending support trendline that has existed since June 2023. On the other hand, Bonk’s shorter-term 12-hour chart indicates that the recent rally is completely parabolic.

Meanwhile, Lunex Network sets new records as its explosive presale momentum picks up steam. The project has accumulated over $3.8 million and increased by 210% to $0.0033 as its holders anticipate another price increase to $0.0038. The driver behind this bullish momentum is its aggregation protocol and system designed to offer real passive income.

Shiba Inu Price Rally Cools Off

Shiba Inu’s price broke out from its descending resistance trendline to reclaim the $0.0000200 horizontal resistance area in early November. Since this trendline formed at its yearly high, the breakout could signal an end to a correction phase. Amid the recent rally, SHIB price soared to reach $0.0000304 before declining to trade between the $0.0000200 and $0.0000335 range.

The on-chain technical structure aligns with bullish momentum. SHIB’s Relative Strength Index and Moving Average Convergence/Divergence (MACD) are increasing. The RSI hovers above the neutral zone at 50, and the MACD is at 0, often a positive sign. SHIB price could eventually break out to register new highs. Its daily time frame suggests that the meme coin could experience short-term declines to reach a local bottom.

Notably, the bearish SHIB price prediction is validated by the completion of wave one in a five-wave upward movement. The current correction is likely wave two. According to this count, the price of Shiba Inu has completed the sub-wave C in the correction, which can end at the 0.5 Fibonacci retracement support level at around the $0.0000204 mark. This price action and technical indicators support the downward movement.

Shiba Inu Price Analysis: SHIB Price Could Drop To $0.000017 – Prepare For Takeoff!

Shiba Inu’s price has been on a strong bullish run lately, surging by over 120% since early November. As the token approaches a crucial resistance level, traders can anticipate a potential wave-three extension and wave-four retracement, setting the stage for another leg up in 2023.

Shiba Inu’s (SHIB) recent price rally has been nothing short of spectacular, leaving many traders wondering what’s next for the dog-themed token. As SHIB approaches a critical resistance zone, a wave-three extension and wave-four retracement could pave the way for another wave of bullish momentum.

After completing a bullish wave-one pattern from its yearly low at $0.0000076, Shiba Inu price began wave two on Dec. 15. This wave-two correction seems to be forming an A-B-C flat pattern, which is wave-two bullish in nature. At the time of analysis, the B wave of wave two appears to be unfolding.

After forming a lower high at $0.0000238 on Dec. 29, SHIB price began wave C of wave two with a lower low at $0.0000166. This C wave is now rallying toward the 0.5 Fibonacci retracement level at $0.0000204, which also coincides with a descending trendline forming lower highs.

Traders can expect a wave-three extension if Shiba Inu price manages to break above the 0.618 Fibonacci retracement level at $0.0000238. This extension could propel SHIB price to reach the 0.786 Fibonacci retracement level at $0.000028. However, if the token fails to break through this resistance, a wave-three termination may occur around the 0.5 Fibonacci retracement level at $0.0000192.

Following the completion of wave three, Shiba Inu price is likely to begin wave four with a corrective pattern. This pattern could unfold as a wave A of wave four, which is now rallying toward the 0.382 Fibonacci retracement level at $0.0000132.

After reaching this level, traders can anticipate a wave-B of wave-four decline, followed by a wave-C of wave-four rally to the 0.5 Fibonacci retracement level at $0