Dogecoin’s price is gaining momentum to retest the $1 resistance within the next few weeks as traders establish long positions in anticipation of a massive rally. Shiba Inu’s price rallied last week but is now entering a short-term consolidation phase with an 8.74% intraday decline.
Meanwhile, analysts are shifting their attention towards low-cap altcoins like Lunex Network (LNEX) amidst the ongoing altseason hype. Since Lunex Network is already poised for 1,800% gains within the next few months, traders are currently rushing to purchase LNEX tokens before the price rallies any further.
Dogecoin (DOGE) Prepares to Retest $1 Resistance by Early 2025
Dogecoin’s long accounts have reached the 92nd percentile over the last 3 months. Dogecoin’s price has also experienced its highest monthly close which is making analysts optimistic about Dogecoin surpassing the $1 milestone. Dogecoin is currently trading for $0.4197 after an intraday crash worth 1.36%.
Dogecoin’s RSI and Stochastic RSI are currently in the neutral zone which typically indicates that momentum is gearing up for the next rally. Dogecoin’s volume has also surged by 136.59% over the last 24 hours which suggests high buying pressure. If Dogecoin bulls can push the price towards the nearest resistance at $0.68696, Dogecoin is likely to test the $1 level by early 2025.
Shiba Inu (SHIB) Price Consolidates After Last Week’s Rally
Shiba Inu recently reached a new peak at $0.00003 which was its highest level since April. This uptrend was fueled by Shiba Inu’s massive token burn strategy which surged past 7,400% over the last few months. Even whales have shown increased interest in Shiba Inu by accumulating $9.8 million worth of SHIB tokens in a span of two weeks.
Alongside this increased investor confidence, Shiba Inu’s Shibarium network has also recorded 541 million transactions in record time. Despite this positive momentum, Shiba Inu’s price has entered a consolidation phase today with a 8.83% decline over the last 24 hours. Shiba Inu is currently trading for $0.0000292 with a minor 5.94% decline in its trading volume.
Lunex Network (LNEX) Outshines Memecoin Market with 175% Price Jump
Aside from these meme coins, another token that is gaining traction in the crypto DeFi space is Lunex Network (LNEX). By integrating the most attractive features of decentralized and centralized exchanges on a single network, Lunex Network is making it easier for traders to execute cross chain transfers. With the crypto market expected to grow exponentially in 2025, analysts are expecting Lunex Network’s price to skyrocket towards the $1 milestone in early January.
The key driver behind Lunex Network’s rapid adoption is the platform’s strategy to integrate the latest Web3 technology on its noncustodial ecosystem. Since Lunex Network has strategically combined features of decentralized and centralized trading, the platform allows traders to make cross chain transfers without having to connect any third party wallets like MetaMask or PhantomWallet.
Aside from making trading easier, Lunex Network is also giving investors a consistent source of passive income through its revenue sharing model. Every week, Lunex Network reinvests up to 18% of its exchange revenue into open market buybacks of the LNEX token that are all distributed as staking rewards. Since traders can start earning these rewards in as little as 30 days, both retail and institutional investors are flocking to Lunex Network to purchase tokens before the price skyrockets.
Lunex Network’s price has already jumped by 175% from its initial price of $0.0012. Since LNEX tokens are still available for a low price of just $0.0033 each, now is the best time to invest in Lunex Network before the highly anticipated 20x rally before the end of Q4.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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