Shiba Inu and Avalanche are both flashing mixed signals as these tokens try to escape strong downward pressure. Meanwhile, Lunex Network is on a strictly bullish trend as the new exchange-based token has already raised nearly 550,000 USDT in record time!
Is Shiba Inu (SHIB) Experiencing a Sell-off?
Shiba Inu was under strong bearish pressure last week as more than $432,970 worth of long positions were liquidated. Shiba Inu’s open interest indicators suggest that there are more sellers than buyers right now, which could lead to further downward action. Since Shiba Inu’s short holders are prepared to book profits at any moment, analysts believe Shiba Inu’s current downtrend will continue in Q4.
Shiba Inu is currently trading for $0.00001847 after an intra-day increase of 5.12%. Given the massive 60% increase in Shiba Inu’s volume, short holders appear to be selling out before price declines.
Avalanche Forms Descending Triangle Pattern on AVAX/USDT 4-Hour Chart
Avalanche is currently flashing mixed signals as bulls and bears fight for dominance. On the AVAX/USDT 4-hour chart, Avalanche has formed a descending triangle pattern which typically indicates strong bearish pressure. Since Avalanche’s volume has also increased by 26.15% over the last 24 hours, Avalanche’s short holders appear to be selling out for now.
Avalanche is currently trading for $29.66 after an intraday increase of 3.77%. Once the selling pressure cools down, Avalanche could experience a rally toward the $32.22 resistance. Since Avalanche’s RSI line has moved above the neutral level at 50, Avalanche’s daily chart shows that there’s more room for growth in the upcoming weeks.
Analysts Project Massive Price Surge for Lunex Network (LNEX)
Lunex Network (LNEX) is quickly emerging as the hottest DeFi token in Q4. By raising more than 500,000 USDT in record time, Lunex Network has already proven its potential as the next 100x crypto in 2025.
The main reason why investors are flocking to Lunex Network’s presale is the platform’s cross-chain interoperability. Instead of restricting traders to a single blockchain network, Lunex Network allows cross-chain crypto swaps with more than 50,000 compatible pairs. Since Lunex Network encrypts all trades directly on Ethereum’s immutable blockchain, traders can experience a completely anonymous and secure trading experience.
Lunex Network’s revolutionary ecosystem is powered by the platform’s native $LNEX token which also operates as an independent utility token on the open market. Traders can earn a consistent passive income by adding $LNEX tokens to their staking pool and receive rewards with up to 18% APY.
These rewards are distributed through Lunex Network’s revenue-sharing scheme where the platform reinvests a portion of its profits to repurchase $LNEX tokens at the market price. Due to this constant inflow of demand, Lunex Network’s price is expected to remain highly deflationary over time as the circulating supply is capped at 1 billion tokens.
Even with these unique features, Lunex Network is still selling tokens for a presale-only price of $0.0015. As more traders, institutional investors, and Web3 developers show interest in Lunex Network, analysts are already tipping at a massive price surge before the end of this week. Once Lunex Network is launched on the open market, market experts are anticipating a massive 100x rally that is projected to send LNEX’s price to the moon.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Source: https://www.cryptonewsz.com/lunex-network-price-surge-as-shiba-inu-shib-avalanche-avax-struggle/