Shiba Inu Price Set For Breakout, What Are the Next Key Levels

Shiba Inu investors are still anticipating a massive breakout despite the token’s steep decline over the last 24 hours. According to market experts, Shiba Inu’s price could recover once the selling pressure from short holders cools down.

Meanwhile, Lunex Network is also gaining momentum during Q4’s altseason after rallying 200% from its initial price. Since LNEX holders are expected to reap an 2000% ROI by early 2025, savvy traders are rushing to add Lunex Network to their portfolios before the limited supply runs out.

Shiba Inu (SHIB) Rejects a Critical Resistance LevelShiba Inu investors might be booking profits after the asset’s recent rally towards a yearly high. Shiba Inu’s price breached the $0.00003 level on December 1 before facing a steep consolidation which resulted in a significant 8.67% decline.

Despite this bearish outlook, analysts believe Shiba Inu could experience a bigger breakout before the end of Q4 if the platform’s network activity remains high.

Shiba Inu whales recently accumulated tokens worth more than $9.8 million which typically suggests high investor confidence.

Since Shiba Inu’s L2 Shibarium network also reached a new record of 541 million transactions, Shiba Inu could test the critical $0.00003 resistance again.

If Shiba Inu successfully breaks above this resistance, the next key levels for the token are $0.000031040 and $0.000034024.

Lunex Network (LNEX) Gains Momentum During Altseason Hype

Aside from Shiba Inu, another token that is poised for a massive breakout is Lunex Network (LNEX).

Although Lunex Network is a newcomer in the DeFi space, the platform has already proven its groundbreaking potential by bringing the latest Web3 technology to the outdated world of crypto exchanges.

With Lunex Network, traders can swap, trade and stake tokens across different blockchain networks on a single noncustodial platform.

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