Solana (SOL) Is About to Enter a Price Discovery Phase but Shiba Inu (SHIB) Faces a Pullback

Lunex Network's price has already rallied by an impressive 116% within a few weeks of its presale launch.

Solana (SOL) price pulled back slightly on Monday, November 21, after making strong gains last week. The token’s price dropped by 1.20% intraday and was trading at $239.88. This minor pullback comes after Solana’s RSI entered the overbought zone on the SOL/USDT daily chart. However, other technical indicators like Solana’s Simple Moving Averages and MACD Level are still flashing bullish signals. This indicates that Solana is likely to test the nearest resistance level at $245 before the end of the month.

Shiba Inu (SHIB) price also experienced a slight pullback on Monday. The meme coin was trading in the red throughout the last seven days, despite experiencing a significant resurgence during the post-election rally. Shiba Inu’s price dropped by 0.21% intraday and was trading at $0.0000251. This comes as Shiba Inu’s volume decreased by 5.01% over the last 24 hours, indicating a halt in buying pressure.

To the surprise of many, Shiba Inu’s burn rate increased by 6,223% in a single day on November 19. However, this massive burn event failed to generate enough positive momentum to push Shiba Inu’s price into the green. According to cryptoSlate data, Shiba Inu’s price could now retrace towards the $0.00001997 support, as suggested by the token’s Momentum Indictator, which is displaying a potential sell-off by short holders.

While Solana and Shiba Inu experienced minor pullbacks, Lunex Network (LNEX) price continued to soar on Monday. The token’s price has already rallied by an impressive 116% within a few weeks of its presale launch. As Lunex Network is bringing the latest Web3 technology to the world of crypto trading, it is no surprise that the platform’s early investors are betting big on the LNEX token.

If this upward momentum continues by the end of Q4’s bull cycle, analysts are projecting up to 1800% ROI for Lunex Network’s early investors. The best part about investing in Lunex Network during its presale is that traders receive their LNEX tokens right away. By adding these tokens to their staking pools, traders can start reaping massive rewards on a weekly basis through Lunex Network’s revenue sharing model.

Every week, Lunex Network invests up to 18% of its revenue into open market buybacks of the native token and half of these are distributed as rewards. The remaining half of the repurchased tokens is burned forever, ensuring that Lunex Network’s price remains highly deflationary over time.

Another way to earn through Lunex Network is by using the platform’s non-custodial exchange to make transfers. Since Lunex Network offers cashback rewards on every transaction, traders can keep earning more while they use Lunex Network’s revolutionary DeFi exchange.

Even with these features, Lunex Network is still selling tokens for a low price of only $0.0026 each. As these tokens are selling out rapidly, analysts are already hinting at a massive price jump before the end of this week.

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