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Based on positive Avalanche news, the AVAX price has steadily climbed to its yearly high after breaking through its last horizontal resistance area. Its weekly time frame indicates its price has increased since August 5, when it bounced off around its $20 horizontal support zone and the support trend line of a descending parallel channel.
Similarly, XRP’s price has soured to reach its 3-year high since May 2021. This bullish momentum is driven by the larger market trends and the news of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s upcoming departure. Meanwhile, Lunex Network presale continues to attract interest after it delivered a 158% ROI to early adopters.
LNEX Price Surges To $0.0031, Marking 158% ROI
Lunex Network (LNEX) is emerging as the go-to platform for investors seeking lucrative returns and reliability in the DeFi market. The project introduces an aggregation protocol that sources liquidity from several exchanges and can split a single trade across multiple DEXs to ensure the best prices. It comes with a smart contract that continuously verifies transactions to ensure trades are made accurately in real-time.
This smart contract approach, coupled with real-time information aggregation across networks, enables Lunex users to access a highly efficient trading system that is secure and optimized for the best results. Moreover, the platform is designed to offer real passive income. Here, Lunex will use a portion of its revenue from trading and subscriptions to buy LNEX tokens from the open market. The repurchased tokens will then be redistributed to those who have staked their coins.
Lunex presale offers early entry for anyone looking to maximize their passive income. By staking LNEX tokens, participants can secure as much as 18 APY with a minimum staking period of 30 days. So far, Lunex is available at $0.0031 on its ongoing presale. This marks a 158% leap from its initial offering of $0.0012. It has also raised over $3 million as investors continue to be bullish about the token.
AVAX Price Eyes The Yearly High of $60
The price of Avalanche has steadily increased since August 5, when it bounced off from its horizontal support area of $20 and the support trendline of a descending parallel channel. The token completed its 189-day descent from the yearly high in September when it broke out from the parallel channel.
Notably, after validating this support, the Avalanche price formed a bullish engulfing candlestick in the first week of November and has increased since. AVAX moved above the $32 horizontal resistance area, the final one before the yearly high of $65.39. The on-chain technical structure aligns with this bullish sentiment.
Its relative strength index (RSI) is increasing and hovering above 50. AVAX’s moving average convergence/divergence (MACD) has made a bullish cross and has just moved above the 0 mark. All these are buy signals that support the ongoing upward movement. Beastlorion gives a bold AVAX price prediction, suggesting it could rally towards $300 in this market cycle.
XRP Price Targets $2 In This Market Cycle
Following the resignation announcement of the SEC’s chair, Gary Gensler, XRP bulls charged, leading to a fresh rally that saw the token registered a 26% rally. It’s now clear that the XRP community sees Gensler’s resignation as positive after a tough four-year legal battle in the Ripple lawsuit. Crypto analyst Ali Martinez has hinted that the token could rally towards the $2 mark.
Martinez noted that Gensler leaving the SEC would foster a significant turning point for the XRP token, potentially easing regulatory pressures for the firm. The on-chain technical structure indicates that XRP’s monthly relative strength index is entering an overbought territory for the first time in three years. Its XRP/ETH pair has just reclaimed and retested the four-year-long range, with a target of 250% higher.
Notably, XRP price has been hovering between $1.3 and $1.4, a 26% surge in its intraday chart. As per the Coinglass data, XRP open interest has surged by 35% to $2.47 billion. Additionally, $25.64 million worth of XRP positions were liquidated, with $14 million and $11.62 million liquidated in the short and long liquidations, respectively.
Three Bullish Tokens In November
As XRP and AVAX bulls charge new highs, Lunex Network has been singled out for its potential to net 10x gains in Q4. With smooth cross-chain transactions and a revenue share model that rewards users, LNEX will grow as the market picks up steam and hype increases.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
Website: Lunex Network
Socials: Join Lunex’s Growing Community
*This article was paid for. Cryptonomist did not write the article or test the platform.
