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Cryptocurrency News Articles

Pepe (PEPE) Targets $0.00008, Avalanche (AVAX) Could Reach $50-$70, Lunex Network (LNEX) Price Targets $1 As Presale Growth Continues

Nov 19, 2024 at 05:00 pm

After the overall crypto market cap reached $3.2T for the first time in history, most major altcoins are experiencing brief pull backs. However, analysts have remained very positive about the future of this market.

Pepe (PEPE) Targets $0.00008, Avalanche (AVAX) Could Reach $50-$70, Lunex Network (LNEX) Price Targets $1 As Presale Growth Continues

After hitting an all-time high of $3.2 trillion, the crypto market has experienced a slight pullback, with most major altcoins posting minor losses. However, analysts remain optimistic about the market's future.

Here's a closer look at the price predictions for Pepe (PEPE), Avalanche (AVAX), and Lunex Network (LNEX) based on recent analysis.

Pepe (PEPE) Targets $0.00008

Pepe's (PEPE) uptrend seems to be slowing down. The meme coin has faced resistance at around the $0.000024 level. However, bulls are attempting to retest the resistance zone for a possible breakout in the coming days.

If bulls manage to break through the resistance, PEPE coin could rally towards the $0.00003 price target. It's worth noting that the meme coin is currently in profit on the shorter timeframe.

According to CoinMarketCap, the Pepe crypto has surged 90.1% in the past week. Moreover, its value has increased by 128.2% on the biweekly chart and 99.2% on the monthly level.

Pepe's price action has also attracted the attention of popular crypto analysts. Cryptoknight890 predicts that the Pepe token could hit $0.00008. If this happens, the meme coin could reach 0.00012 in the coming months.

On the other hand, the cryptocurrency seems to be overbought. The RSI is above 80. Altcoin Sherpa believes that the cryptocurrency's price may drop to $0.000017.

Avalanche (AVAX) Could Hit $50-$70 If It Breaks Key Resistance

Avalanche (AVAX) hit a weekly peak of $37 on November 12, according to CoinMarketCap's data. Since then, the token's price has been on a downtrend, falling as low as $31.72.

Despite the price drop, the cryptocurrency's RSI is bullish. It is above the midline and suggests a potential price surge in the coming weeks. Moreover, the Fear and Greed Index of the Avalanche coin shows extreme Greed.

This indicates that investors are still interested in the altcoin. So, we might see some gains in the coming days.

Altcoins Dragon believes that the key to the Avalanche price surge is a breach of the $37 resistance. Alex Clay predicts that the value of the Avalanche token may rise to $70 soon. According to him, there is a bullish structure on the weekly timeframe. MrTTrades expects a rally to $50.

Lunex Network (LNEX) Price Targets $1 As Presale Growth Continues

Lunex Network (LNEX) is slowly becoming more well-known in the DeFi market as investors show interest in its new concept. Lunex Network has raised over $2.5 million in funding. Moreover, the LNEX token has surged from $0.0012 to $0.0026, and analysts predict that its price could reach $1 by Q1 2025.

One of the most unique features of Lunen Network is the cross-chain swaps. Usually, platforms limit users to one blockchain, but smart contracts on Lunex Network allow users to swap assets on multiple blockchains. This approach helps reduce the fees and difficulties of transferring assets from one network to another.

Another key factor that contributes to the rising value of the LNEX token is the platform's no-KYC policy. This policy allows users to trade and manage assets anonymously, catering to traders who prioritize privacy.

The no-KYC approach aligns perfectly with the platform's goal of providing safe and anonymous trading services for global traders. Being a presale project with a cross-chain solution, a focus on user anonymity, and a useful DeFi application, Lunex Network appeals to early adopters who want to participate in the platform's growth.

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Other articles published on Nov 19, 2024