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Most of the top altcoins in the crypto market have suffered a scalp correction, but the overall market trend suggests that we still have more upside. Shiba Inu (SHIB) has been attempting to regain $0.00002950 for its next major price pump to start.
Tron (TRX) is at a level near its historical record high. Lunex Network (LNEX) has also made its way into crypto through its next generation trading platform competing against all the best altcoins. Lunex’s presale has been pulling in over $2.2 million amidst high demand for LNEX.
Shiba Inu (SHIB) Faces Resistance Before Next Major Pump
Shiba Inu (SHIB), being among the most prominent memecoins, has also benefitted from the rising market to book some minor positive returns. Data from CoinMarketCap show that the cryptocurrency is up on the weekly and monthly levels.
The Shiba Inu coin has been oscillating between $0.00001834 and $0.00002950 in the last week. The task after that is to get back to $0.00003 in the following days. However, the Shiba Inu coin must get past the resistance at $0.000028 – $0.000029 range.
If the memecoin fails to achieve that, it might drop below $0.00002 to the 200-SMA at $0.00001860. Analysts are bullish on $SHIB. CaptToblerone believes the Shiba Inu price could jump to $0.0002500. If the rally continues, it could reach $0.0005000.
Tron (TRX) Faxes Downtrend After Closing On $0.20
Tron (TRX) has caught the uptrend fever that is moving across the market. According to price information from CoinMarketCap, the value of the Tron coin has risen by 9.0% on the weekly timeframe and 10.4% on the monthly chart.
The Tron crypto was close to making a new all-time high on November 13 after its value skyrocketed to $0.19. However, bearish pressure set in, and the cryptocurrency dropped to lower levels.
Meanwhile, Evan Luthra believes Tron (TRX) could be the next cryptocurrency to produce an overwhelming performance after Sui and Solana. He predicts the Tron price may rise to a new peak of $0.25 in the coming weeks.
In the meantime, TRX’s technical indicators are displaying bullish signals. Firstly, the 14-day RSI is above the midline, which is a sign that bulls are awake. Also, the Awesome Oscillator (5, 34) and Hull Moving Average (9) are showing buy signals.
Lunex Network (LNEX) Presale Growth Continues To Attract Investors
Lunex Network’s (LNEX) ongoing cryptocurrency ICO has been a huge success. The project has raised more than $2.2 million, while LNEX has risen from $0.0012 to reach $0.0021. Analysts expect a price surge of 10x soon. Lunex Network is on the right track to attaining its goals in the DeFi space. It plans to deliver privacy, control, and financial potential to its users.
Lunex is a non-custodial platform. This means that users have complete control over their funds. The users can swap more than 50k cryptocurrencies without sharing their private keys. However, one of the features that make Lunex stand out is that it values user anonymity.
Lunex does not require the trader to verify their identity, which is the Know Your Customer policy; thus, it is perfect for anonymous trading. Lunex stands out in a market where personal data requirements are well established by emphasizing privacy and user control.
Conclusion
While Shiba Inu (SHIB) struggles to break barriers and Tron (TRX) approaches its all-time high, Lunex Network is set to revolutionize the DeFi market. Analysts forecast its no-KYC policy could attract more users and push the price of its token up by 10x.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Telegram: Join Lunex’s Growing Community
