Solana is about to enter a price discovery phase but Shiba Inu’s price is facing a pullback due to sudden selling pressure. Meanwhile, savvy traders are rushing to Lunex Network’s presale that is poised for 1,800% gains before its official launch in early 2025.
Solana’s (SOL) Upcoming Price Discovery Ignites Investor Confidence
Solana’s price recorded a significant 49.17% jump over the last seven days as the broader crypto market experienced a post-election rally. Since the market is still showing signs of extreme greed, analysts believe Solana is likely to breach its previous all time high price before the end of 2024. These bullish predictions are fueled by Solana based meme coins and decentralized exchanges recording massive amounts of capital inflow over the last seven days.
Solana is currently trading for $239.88 after an intraday decrease of 1.20%. This minor pullback can be explained by Solana’s RSI which has entered the overbought zone on the SOL/USDT daily chart. Since other technical indicators like Solana’s Simple Moving Averages and MACD Level are still flashing bullish signals, analysts believe Solana is likely to test the nearest resistance level at $245 before the end of November.
Shiba Inu (SHIB) Faces Pullback After Post-Election Rally
Shiba Inu was trading sideways for the last few months but the meme coin experienced a significant resurgence during the post election rally. Although Shiba Inu’s value has increased by 34.19% during the past month, Shiba Inu’s price was trading in the red throughout the last seven days. Despite Shiba Inu’s burn rate increasing by 6,223% in a single day on November 19, the meme coin is still struggling to regain positive momentum.
Shiba Inu is currently trading for $0.0000251 after an intraday decrease of 0.21%. Shiba Inu’s volume has also decreased by 5.01% over the last 24 hours as the token’s buying pressure comes to a halt. Since Shiba Inu’s Momentum Indictator is already suggesting a potential sell-off by short holders, analysts believe Shiba Inu’s price could retrace towards the $0.00001997 support.
Lunex Network (LNEX) Investors to Enjoy 1800% ROI Before Token Launch
Lunex Network’s price has already rallied by an impressive 116% within a few weeks of its presale launch. Since Lunex Network is bringing the latest Web3 technology to the world of crypto trading, it is no surprise that the platform’s early investors are betting big on the token. If this upward momentum continues by the end of Q4’s bull cycle, analysts are projecting up to 1800% ROI for Lunex Network’s early investors.
The best part about investing in Lunex Network during its presale is that traders receive their LNEX tokens right away. By adding these tokens to their staking pools, traders can start reaping massive rewards on a weekly basis through Lunex Network’s revenue sharing model. Every week, Lunex Network invests up to 18% of its revenue into open market buybacks of the native token and half of these are distributed as rewards. Since the remaining half of the repurchased tokens is burned forever, Lunex Network’s price is expected to remain highly deflationary over time.
Another way to earn through Lunex Network is by using the platform’s non custodial exchange to make transfers. Since Lunex Network offers cashback rewards on every transaction, traders can keep earning more while they use Lunex Network’s revolutionary DeFi exchange.
Even with these features, Lunex Network is still selling tokens for a low price of only $0.0026 each. As these tokens are selling out rapidly, analysts are already hinting at a massive price jump before the end of this week.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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