The crypto market is buzzing with excitement as analysts predict significant rallies for Solana (SOL), Dogecoin (DOGE) and the leading DeFi altcoin Lunex Network (LNEX). Solana’s ongoing correction is expected to end soon while Dogecoin is already testing a critical resistance level. Meanwhile, Lunex Network is capturing whale interest with its cross chain trading features and exclusive Lunex Card for VIP tier holders.
Solana (SOL) Price Crashes Due to High Selling Pressure
Solana’s price surged by a significant 36.55% over the last 30 days but is now experiencing high selling pressure. Solana’s volume has surged by 105.72% over the last 24 hours as short holders liquidate their positions. Despite this correction, market experts believe Solana could still target the $380 resistance before the end of this year as the selling activity is expected to cool down soon.
Solana is currently trading for $226.12 after an intraday decline worth 4.76%. Since Solana’s RSI has already recovered from its overbought position at 80 to the neutral zone at 50, analysts expect Solana’s price to test the nearest resistance at $380 within the next few weeks.
Dogecoin (DOGE) Regains Momentum After Post Election Correction Phase
Dogecoin was facing a correction after its exponential post-election rally but it is finally regaining momentum. Dogecoin’s price is now testing a critical resistance zone with an upper target of $0.50. Dogecoin’s current trendline and optimistic market sentiment suggests that the memecoin could gain strength and push through the resistance with high network activity.
Dogecoin is currently trading for $0.4197 after an intraday decrease of 2.63%. Dogecoin’s volume has increased by 115.80% during the last 24 hours which could be suggesting high investor interest. Since Dogecoin is still trading above all of its Simple Moving Averages on the DOGE/USDT daily chart, Dogecoin’s next targets are the $0.5544 and $0.6896 resistance levels.
Lunex Network (LNEX) Expected to Reach Record Highs Before 2025
Lunex Nework’s noncustodial DeFi exchange is expected to outshine both Solana and Dogecoin within the next few weeks. Since Lunex Network has already raised nearly $4 million due to significant whale activity, analysts are expecting a massive 2000% rally for LNEX by early 2025. If these bullish predictions stand true, Lunex Network could emerge as one of the Top 10 cryptos by market cap within the next few months.
The main reason why Lunex Network is expected to reach record highs before 2025 is the platform’s cross chain trading features. By integrating smart contracts on its interconnected ecosystem, Lunex Network allows traders to make quick cross-chain transfers at a fraction of the cost. This low gas fee is all thanks to Lunex Network’s smart contracts that source liquidity from multiple sources and split every trade on different networks to ensure the lowest possible transaction cost.
In addition to these trading features, Lunex Network is also offering real world adoption with its exclusive Lunex Card. Only 200 of Lunex Network’s VIP-tier investors will receive this black card which allows users to make crypto to fiat transactions anywhere in the world. This means that by investing in Lunex Network, traders can use their digital assets to pay for day-to-day expenses.
Given these revolutionary trading features, it is no surprise that Lunex Network’s price has already rallied by a significant 200% due to high demand. Since Lunex Network is still recording massive whale accumulations, analysts are expecting the token to record a new all-time high price before mid-December.
Conclusion
As Solana targets the $380 level and Dogecoin tests its critical resistance at $0.50, Lunex Network is attracting savvy traders who want to enjoy flexibility while trading their digital assets. While SOL and DOGE are still prone to market fluctuations, Lunex Network is expected to emerge as one of the leading DeFi exchanges by early 2025.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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