Dogecoin (DOGE) has been trading in a very tight range since recording a 200% pump, giving many investors concerns. Charting Guy has said that there is no cause for concern, and the meme coin could surge to a new ATH after its breakout.
Similarly, Shiba Inu (SHIB) has formed a cup and handle pattern, with the highest target at $0.000472905, CryptooELITES says. Lunex Network (LNEX) is stepping up as an exciting contender for the best crypto investment of this bull market, with a potential rally to $1.
Dogecoin (DOGE) To Break Consolidation and Pump To New ATH
Over the last few weeks, Dogecoin (DOGE) recorded a meteoric 400% price pump to peak at $0.4700, based on CoinMarketCap’s data. However, since then the Dogecoin price has been in a month-long sideways channel consolidation, as reported by KrissPax.
Solberg Invest has called the recent correction a “healthy retest.” After the retest, the Dogecoin crypto is expected to continue its meteoric price increase. According to the Charting Guy, the DOGE consolidation/chop would be over within the next 10 days.
He further predicts that these are the last few times investors will be able to buy the Dogecoin token at this price range. After breaking out of the consolidation, he predicts that the next upward move will take Dogecoin (DOGE) to an ATH, with $1 being a potential target.
Shiba Inu (SHIB) Forms Cup and Handle Pattern, Parabolic Rally Incoming
Like the rest of the memecoin market, Shiba Inu (SHIB) suffered a steep decline in the recent correction. However, since it dropped to retest the $0.00002400 support, the Shiba Inu crypto has skyrocketed back above the $0.00002800 level, per CoinMarketCap’s data.
Astekz shared a Shiba Inu price chart showing the formation of a cup and handle pattern. The analyst said Shiba Inu (SHIB) has parabolic potential from here onward. CryptoELlTES has also confirmed the confirmation of the bullish pattern.
According to CryptoELITES, the Shiba Inu coin could take the stage as $BTC dominance decreases. The analyst set three sequential targets for Shiba Inu (SHIB) as it moves to complete the cup and handle pattern. The highest target set by CryptoELITES is $0.000472905.
Lunex Network (LNEX): A Rising Star in the Crypto Market
Lunex Network (LNEX) stood out amidst the correction of the crypto market, gaining over 283%, the LNEX token has now increased from $0.0012 to reach $0.0046. The easy-to-use trading experience and the advanced technology of Lunex Network are why LNEX has been on the rise.
Lunex Network is unlike traditional exchanges that are based on order books but uses a liquidity pool model. As a result, trades and swaps are faster, smoother, and cheaper. As a result, Lunex Network is the perfect platform in the DeFi space for both seasoned and newbie traders.
Cross-chain for interoperability is another exciting feature Lunex Network offers. Lunex Network connects more than 40+ blockchains for instant, frictionless trading and token swaps. Lunex Network also adjusts real-time value for low slippages.
Lunex Network is offering APY up to 18% to yield investors with a high yield staking program. Because of these features, there has been huge support for Lunex, with its blockchain ICO pulling in over $5.2 million. This is why analysts are optimistic that LNEX can reach $0.50 in this bull cycle.
In Conclusion
Price corrections are part of every bull market, and we could see Dogecoin and SHIB bounce back over the next few weeks. While they look set to record huge gains, Lunex Network is a great option for portfolio diversification, as it looks to rally to $0.5.
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