Shiba Inu (SHIB) started November on a positive note, breaking out of several resistance areas to reach a 229-day high on November 12th. Its weekly time frame highlights bullish momentum alongside a supportive ascending trendline that has existed since June 2023. In contrast, Bonk’s shorter-term 12-hour chart indicates that November’s rally is completely parabolic .
During this time, Lunex Network sets new records as its explosive pre-sale momentum accelerates. The project has accumulated over $3.8 million and increased by 210% to $0.0033, as its holders anticipate a further increase in price to reach $0.0038. Driving this bullish momentum is its aggregation protocol and system designed to offer true passive income.
Anticipated Lunex Price Rise Attracts Whale Investments
The Lunex network continues to establish itself as the next big DeFi exchange thanks to its revolutionary features, which solve some of the biggest DeFi challenges. The said project introduces a non-custodial exchange platform that connects isolated blockchains. Its smart contract verifies transactions to ensure accuracy. Which allows Lunex users to store, exchange or barter over 50,000 cryptocurrency pairs across 40 chains.
Additionally, the Lunex presale offers exciting opportunities to maximize passive income. LNEX holders can stake their tokens for an annual interest rate of 18% for 30 days. Once the presale is over and the LNEX token is live, its holders will continue to generate passive income through the revenue sharing model. This system will use part of its revenue to purchase LNEX tokens on the open market and redistribute them to those who staked their tokens.
Since the Lunex presale is selling out quickly, analysts predict a increase in the price of 1800% from here the end of the pre-sale. So far, the Lunex Network is available at $0.0033, with holders expecting the price to further increase to the $0.0038 mark.
Shiba Inu price rise calms down
Shiba Inu price broke away from its descending resistance trendline to regain the $0.0000200 horizontal resistance zone in early November. As this trendline formed at the high of the year, this breakout could signal the end of a correction phase. During the recent rally, SHIB price rose as high as $0.0000304 before declining to negotiate between $0.0000200 and $0.0000335.
The technical structure of the chain aligns with bullish momentum. SHIB’s Relative Strength Index and Moving Average Convergence/Divergence (MACD) are rising. The RSI is above the neutral zone of 50, and the MACD is at 0, which is often a positive sign. The SHIB course could eventually break away to reach new heights. Its daily time frame suggests that the meme coin could experience short-term declines to reach a local bottom.
In particular, the prediction bearish of the SHIB course is validated by the completion of the first wave of a five-wave bullish movement. The current correction is probably the second wave. According to this account, the prix de Shiba Inu completed sub-wave C of the correction, which may end at the 0.5 Fibonacci retracement support level at around $0.0000204. This price action and technical indicators support the downward movement.
BONK targets the level of $0.000075
After exiting its long-term symmetric triangle, the Bonk class formed a candlestick that broke the $0.000034 horizontal resistance zone that had been forming since March. This was the last area of resistance before the historic peak. There rupture pushed BONK price to a new all-time high of $0.000060 on November 19. Notably, its shorter-term 12-hour chart indicates that Bonk’s price increase in November was completely parabolic.
According to the wave count, the Bonk lives is in the third wave of a five-wave bullish move. The third wave counted has expanded and is 3.61 times the magnitude of the first wave. If the length continues to grow, it could push the bonk price towards the $0.000075 mark, which would make the third wave 4.61 times longer than the first wave.
However, the 12-hour RSI has created a bearish divergence, which indicates a local top. This, coupled with the extension of the third wave, suggests that the meme piece BONK could soon undergo a retracement. This correction could push the token towards the 0.382-0.5 Fibonacci retracement support level, located between $0.000039 and $0.000045. This does not mark the end of its upward movement, but a temporary correction of the fourth wave before the upward momentum resumes.
Lunex Network Could Skyrocket
As Bonk and Shiba Inu prices undergo a short-term retracement, Lunex Network becomes the best crypto alternative. The token has already seen a price increase of over 210% and its holders anticipate another price increase to $0.0038.
You can find more information about Lunex Network (LNEX) here:
Site web : https://lunexnetwork.com
Social sites : https://linktr.ee/lunexnetwork
