The cryptocurrency market is currently in consolidation after a massive uptrend last week. Dogecoin (DOGE) is currently ranging and looks set to break out and see a massive rally. Analysts forecast a break out could push DOGE to $0.5.
Meanwhile, Lunex Network (LNEX) is gaining traction in the market today. The price of LNEX has increased to $0.0026. Analysts forecast the value of the DeFi coin could rise by 10x soon.
Dogecoin (DOGE) Consolidates After Facing Resistance At $0.4 Region
Dogecoin (DOGE) has been consolidating between $0.35 and $0.425 in the past six days, per CoinMarketCap’s data. The cryptocurrency has reached the upper level twice but failed to break past the resistance in this region.
Despite the decline, the memecoin is bullish on the weekly and monthly levels. Its yearly gain currently sits at 323.4%. Also, DOGE’s technical indicators, like the relative strength index, are in the overbought region.
Looking ahead, Bark and Scofield forecast the value of the Dogecoin crypto could break out above key resistance levels. If this happens, Satoshi Flipper forecasts the Dogecoin price may surge to $0.44 in the coming weeks.
Another analyst called Cyrus The Creator also shares the same prediction. They posted a chart on X, which showed the value of DOGE pumping to $0.522.
Meanwhile, Ali Martinez believes the meme coin has formed a bull flag, which is a bullish signal. He notes the Dogecoin price USD may rally to $0.85 if it closes above the $0.40 mark.
In the long run, analysts like Martinez and Trading Tardigrade are very optimistic about Dogecoin (DOGE). Ali forecasts its value may pump to $2.40 and $18. Tardigrade expects the price of the memecoin could reach $10 in the coming months.
Lunex Network (LNEX) Edges Closer To $3M
Lunex Network (LNEX) is quickly being embraced within the DeFi market as it moves through its presale stage. At the time of writing, $LNEX tokens are trading at $0.0026, and the project has managed to amass $2.9 million from both retail and institutional investors. This strong presale performance further strengthens the belief in the innovative ability of Lunex in the DeFi sector.
Another main feature of Lunex is the cross-chains for trading over 50,000 assets across many blockchains. This functionality saves the exercise of jumping from one platform to the other and thus makes it easier for investors to build and diversify their portfolios. Lunex’s cross-chain compatibility makes it a top DeFi project in the DeFi space.
In addition to the trading activity, Lunex invests much in user security and user independence. It is also a non-custodial exchange which means that users always have full control over their private keys, hence ownership of their funds. Moreover, Lunex does not ask clients for their identification details, no KYC. It is private, fast, and easy to use for those who value their privacy.
Lunex also rewards its $LNEX token through staking rewards of as much as 18% APY. This provides investors with a passive stream of income. Therefore, with presale and unique features, Lunex Network is ready to jump into the DeFi market and make a strong impression.
Final Words
Analysts expect a potential breakout for Dogecoin (DOGE) in the coming weeks. Lunex Network is also gaining attention from investors who have bought millions of LNEX coins. Investors looking for the best cryptocurrency to buy should pay keen attention to Lunex Network.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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