Dogecoin has been experiencing a modest price rally that saw the DOGE token break past its local highs to reach $0.48 on December 8. This move excited the DOGE community as the meme coin prepared for further gains. However, Dogecoin’s price movement has retraced slightly, failing to confirm a breakout above its critical resistance.
The Solana reached an all-time high on the weekly chart but has shown signs of a slight pullback. This indicates a natural retracement following a strong rally. However, the overall market structure for Solana is still bullish, with the recent correction signaling the possibility of a continued uptrend. Lunex Network also recorded an impressive gain of over 266%, pushing the token price to $0.0044. This remarkable surge is highly acknowledged in the project’s DeFi features, including traders’ privacy.
Lunex Network Focus On Traders’ Privacy
Lunex Network has been making a strong entrance into the DeFi market with its unique ecosystem offering something for everyone, including businesses, traders, and developers. Its native token, LNEX, is also designed to withstand market volatility. Moreover, its unique revenue-sharing model allows LNEX holders to enjoy an 18% APY of the platform’s profits.
This creates an additional passive income stream for long-term investors backed by token appreciation gains. With a capped supply of just 8B tokens, Lunex Network introduces a deflationary dynamic to ensure future value growth as adoption increases. The project will also allow traders to swap over 50K assets at lower gas fees in real-time.
This makes Lunex Network a practical, accessible, and relatively cheap substitute for conventional exchanges, suitable for professional and casual traders. Privacy and security are key selling features of this project. The platform has eliminated the KYC checks common in most platforms, allowing users to trade anonymously. This attractive feature has seen Lunex Network’s presale momentum triple, with its revenue hitting the $5M milestone. The LNEX price has surged by over 266% to hit the $0.0044 milestone.
Dogecoin Pressing Range Highs – Will The Bulls Push DOGE To A New All-Time High
According to crypto analyst Cheds, Dogecoin has been pressing against its range highs. His technical analysis suggests a confirmed breakout above these levels might set the stage for an impressive Dogecoin price rally that could drive the meme coin toward a new ATH. While Dogecoin’s recent price action has sparked optimism, the market remains cautious, with the bulls required to sustain momentum for any meaningful breakout.
Cheds also highlighted the importance of breaking past key resistance levels, emphasizing that a successful breakout could pave the way for Dogecoin to reclaim its bullish narrative. Recently, Dogecoin has been testing liquidity around the $0.42 region and below its critical $0.50 mark, sparking intense interest among traders.
These levels have been acting as support and resistance regions. Therefore, a clear path to new highs will emerge if Dogecoin’s price can break above these thresholds. Despite multiple attempts and technical indicators backing it, the DOGE token has struggled to confirm a decisive breakout, which might signal the beginning of a new rally.
Solana Price Prediction: Will SOL Surge Or Retrace?
Solana, one of the top-performing cryptos of 2024, is experiencing mixed signals, having recorded a slight pullback over the past few weeks. Despite significant developments, including Grayscale Investments’ recent SEC filing to approve Solana ETFs, the SOL price movement on the daily structure seems bearish.
Retracements at this level offer investors a unique opportunity for re-entry, especially for those looking to ride the bullish wave. Solana technical indicators suggest a neutral position, including the RSI at 48. The 4-hour chart structure for Solana price performance also appears bearish, with lower highs and lower lows forming.
The Solana token must reclaim its previous resistance regions for a sustained bullish outlook. Hovering above the $225 region, representing a monthly surge of over 12% and a YTD of over 195%, the token aims to surpass its previous ATH of $263.83 by the end of December, provided it addresses network reliability issues. Long-term bullish scenarios could also see the token hit the $400 milestone.Â
Investors Race to Stock Up LNEX Tokens
With a price of $0.0044, Lunex Network seems to be turning investors’ heads as its price is set to hit a significant milestone before its official launch. Its strong privacy features, advanced technology, and business tools make the project an ideal platform for many traders looking to become part of decentralized finance.
You can find more information about Lunex Network (LNEX) here:
Lunex Network Website | Lunex Network Socials
