The cryptocurrency market experienced a massive rally recently. The price of many top altcoins went up the roof. Shiba Inu (SHIB), like many others, skyrocketed by 40% to reach the $0.00003 mark for the first time in more than six months. 

While some Shiba holders are on edge after the meme coin failed to flip this level to a support, a new opportunity is sparking excitement elsewhere: Lunex Network (LNEX). Analysts say the price of this DeFi coin may rise by 10x.

Shiba Inu (SHIB) Drops From Resistance But Experts Remain Bullish 

Shiba Inu (SHIB) has witnessed a little price correction after a massive upsurge recently. The value of the cryptocurrency faced resistance at the $0.00003 level and has dropped to lower levels. 

Yet, the Shiba Inu token is still bullish. The memecoin is showing profits of 46.4% on the weekly timeframe and 48.5% on the monthly chart on CoinMarketCap. Experts are expecting a price pump to occur in the next few weeks.

Chief Tradez is one such expert who is bullish about the Shiba Inu coin. He said SHIB is testing a 6-month resistance. A successful breakout above the resistance could push the cryptocurrency past the $0.00003 level.

Another expert, Solberg Invest, told his followers that the Shiba Inu price movement is repeating history. According to them, a parabolic phase is coming, which could push the meme coin to $0.0001.

In the meantime, the sentiment around Shiba Inu (SHIB) is bullish. The cryptocurrency’s 14-Day RSI has crossed the 50 mark. This signals high buying interest from investors. Also, the value of the cryptocurrency has soared past the moving averages.

It is trading above the 200-SMA ($0.00001860) and 50-SMA ($0.00001797). With this bullish momentum, SHIB’s price could pick pace in the coming days. However, selling pressure could affect this bullish forecast and cause a decline to lower levels. 

Lunex Network (LNEX) Gears Up For 18x Rally 

Still in its blockchain ICO stage, Lunex Network ($LNEX) has gained a lot of attention from top investors. While the LNEX tokens are being sold for $0.0021, the project has gained more than $2 million. Analysts forecast a bigger price increase, suggesting that the value of Lunex Network could increase by 18x in the coming months.

Lunex is gearing up for the DeFi market through the emphasis on privacy, security, and flexibility of users. Launched as a non-custodial exchange, Lunex is designed for people to exchange and manage more than 50,000 cryptocurrencies at a low cost. This approach is secure and user-oriented while not requiring the participation of other parties. 

One of the main features of Lunex is that there are no mandatory identification checks (KYC), which means that people can trade anonymously, which may be attractive for individuals who do not want to disclose personal information. $LNEX token holders receive significant financial value from Lunex. 

Lunex Network also has a great passive income system where users can stake their $LNEX tokens and get up to 18% of APY. Moreover, the revenue-share model of Lunex grants its users $LNEX a share of the platform’s profits, which helps users benefit from the platform’s growth. The features above position Lunex Network as a next-generation DeFi project that offers both privacy and sustainable returns.

Conclusion 

As Shiba Inu (SHIB) is at a crossroads with the recent decline in its value, the crypto market is turning its attention to Lunex Network thanks to its growth prospects. Investors looking for the best crypto investment could join the LNEX train now.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork