The cryptocurrency market has experienced some rapid price movements since the beginning of this year. But there is some optimism in the market because of the recently held US election. ADA is now trading above $0.76 after a breakout.
Also, Dogecoin (DOGE) is forming a bullish pendant, which could lead to further upward movement. Meanwhile, Lunex Network (LNEX) has created a buzz in the market. Lunex has raised over $2.4M in funding to support its growth.Â
Dogecoin (DOGE) Forms Bullish Pattern
In a recent tweet, Trader Tardigrade noted that DOGE is forming a bullish pendant, according to him the first pendant the memecoin formed pushed its price from $0.2 to $0.3.
Tardigrade believes the current bullish pendant may take the value of the Dogecoin token to $0.9. The crypto is ranging between $0.35 to $0.42 currently and has seen significant monthly gains, per CoinMarketCap.
The VWMA (10) and Hull Moving Average (9) are displayed buy signals which are bullish. In addition to the growing bullish sentiments, DOGE whales have also been on a buying frenzy.
As Ali Martinez pointed out in the tweet below, whales invested more than 140 million DOGE in the past 24 hours. This amount is worth over $56 million based on current prices. Such accumulation shows that whales are bullish about the Dogecoin crypto.Â
Cardano (ADA) Skyrockets Past Key LevelÂ
Cardano (ADA) has broken above the $0.76 level after several attempts. The cryptocurrency pumped from a 7-day low of $0.4287, showing strong weekly gains, per CoinMarketCap. A top analyst called Sssebi had told his followers about the potential breakout.
In an earlier post, Sssebi forecasted the Cardano price may rally to $0.8 if this breakout occurs. Investors are watching the market closely to see if this prediction will come true.
The Cardano crypto is showing double-digit gains on the weekly, biweekly, and monthly charts. Its 14-day has crossed the 70 and is in the overbought region.Â
These bullish signals have brought calm to the Cardano ADA community. With the current upwards’ trend, the DeFi cryptocurrency might hit another record high in the coming months.
Lunex Network (LNEX) KYC Approach Attracts InvestorsÂ
One of the key principles of Lunex Network is privacy, it is a no-KYC platform which means that trading and management of assets can be done without any identity cards. This approach is in response to the increasing need for secure and private trading platforms, which makes Lunex even more attractive to global users.
In addition to trading services, Lunex has an extensive ecosystem supported by the LNEX token. The LNEX holders will be able to trade with lower fees, get access to extra features, and be a part of decision-making. It also allows for staking, giving users passive earnings with appealing staking rewards per annum.Â
This multiple-utility approach guarantees that LNEX is more than a trading token; it is an investment of the future. Lunex Network also goes further than trading through the provision of a merchant payment gateway by which businesses can accept cryptocurrencies as a form of payment.Â
This feature makes the use of crypto in real-life trade seamless by converting the payment to fiat currencies for the merchants while also adding convenience to the DeFi project. Lunex Network is currently in the fifth stage of its cryptocurrency ICO. It has raised over $2.3 million in funding and will easily surpass $3 million soon, leading to analysts forecasting a significant price surge for its token.
Final ThoughtsÂ
Analysts predict the prices of Cardano (ADA), Dogecoin (DOGE), and Lunex Network could rise in the coming months. While Cardano could reach $0.8, the Dogecoin price may hit $0.9. Lunex Network is being highlighted as a top crypto to buy.
You can find more information about Lunex Network (LNEX) here:
