Lunex Network is gaining traction as it approaches a critical resistance level, signaling growing bullish momentum in the crypto market. As investors closely monitor this development, the performance of other tokens, like Dogecoin (DOGE) and POPCAT, comes into question. Will these popular cryptocurrencies maintain their upward trajectory amid Lunex Network’s rise?
Dogecoin (DOGE) Showing A Strong Buy Signal
The recent dip in Dogecoin’s price has led to questions about its ability to maintain a bullish fourth quarter. However, Dogecoin’s impending price recovery is causing optimism in the DOGE community. Dogecoin presently trades in a weekly range from $0.11 to $0.14, up over 23% from last week and over 33% from last month.
This trend is bringing Dogecoin closer to its six-month all-time high of $0.22. Market analysis indicates this may continue for Dogecoin into the fourth quarter. Technical indicators like the 20, 50, and 200-day moving averages offer a buy signal for Dogecoin.
Popcat (POPCAT) Sees 13% Increase In Seven Days
Popcat coin has seen a weekly increase of about 13%, rising from $1.2163 last Wednesday to its current price. However, this is not Popcat’s weekly high, as the project briefly reached $1.46 just hours ago. The daily chart indicates that the resistance at $1.45 has proven too strong for POPCAT to overcome. Yet, both the 7-day and 30-day charts reveal that the real resistance level lies at $1.40.
Throughout October, POPCAT made five significant attempts to break this level. While it successfully breached $1.40 multiple times, it failed to convert it into a support level. Each time, the price was eventually rejected back to a support level of $1.20. Currently, it seems that a sharp drop to this level might be avoided.
Lunex Network (LNEX) Eliminates The KYC Issues Associated With CEXs
Lunex Network (LNEX) is a trading platform that respects users’ privacy. In contrast to any other exchanges, it lets users trade without supplying personal data or identification documents like passports and driver’s licenses. This no-KYC approach eliminates the hassle of registering on centralized exchanges and lets users remain fully anonymous.
Lunex Network also simplifies trading by removing the need to connect third-party wallets like MetaMask or PhantomWallet, which can be risky. By eliminating these steps, Lunex Network speeds up token swaps and enables cross-chain trading at the click of a button. This feature prevents delays that can lead to missed trading opportunities, making the platform appealing to security-conscious traders.
The crypto market is expected to rise again, driven by tokens like Lunex Network (LNEX). Experts believe Lunex Network could deliver faster returns due to a smaller market cap compared to its competitors, meaning it requires less new capital for significant growth. As a result, experts predict that Lunex Network could see a 50x surge on its launch day, making it a potentially high-reward investment.
Now, Lunex Network is in the fourth stage of its ICO at $0.0017. According to experts, its price might reach $1 by Q1 2025, making now a great time to get involved.
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You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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