AVAX price tests Resistance as Ethereum

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With many expecting a bullish Uptober, there are some left wondering where the next influx of interest will come from. In Avalanche news, the AVAX price has tested key resistance but failed for the third time in a month.

Ethereum is beginning to pick up, with the ETH price up by 7% in the month. Much of this can be attributed to Ethereum tokens, such as Lunex Network, which is driving plenty of interest in the network and this exciting new project.

Lunex Network Sets Its Sights On 10x Valuation

Lunex Network is garnering plenty of investor attention thanks to its innovative features driving strong interest in its presale. The platform’s main offering is a decentralized exchange (DEX) that enables seamless cross-chain asset transfers with more than 50,000 cryptocurrency pairs across different blockchains.

Another key factor contributing to the growing excitement around Lunex is its non-custodial structure. Not your keys, not your coins; well, Lunex has thoughtfully handed full control of private keys to traders.

This eliminates the need for third-party involvement and enhances the overall security of Lunex, something crypto investors are wary of after issues with centralized exchanges. The platform also ensures transparency and reliability by executing trades via smart contracts, which again is what crypto traders have been crying out for.

With Lunex Network’s utility token LNEX available at a discounted rate during the presale, there’s potential for significant returns after it officially launches. That said, the benefits don’t begin when the platform launches because the price is already running up, and early adopters are taking advantage of staking opportunities and offering liquidity.

The presale is still only in stage 4, and the demand has exceeded all expectations. The presale has attracted over $1,200,000 and still with a long way to go, predictions of it being the next 100x crypto already look within reach.

Ethereum looks set to rebound after a multi-month bearish trend

Ethereum has been disappointing since the launch of the ETFs in July this year. The price is down 25% since then, but some positive momentum is seen in the ETH price movement. Many expected the price to fly after the ETFs launched, but unlike Bitcoin, there have actually been negative flows. No doubt, Ethereum is one of the safest investments, and with new ETH tokens driving adoption, the price will certainly do well.

Avalanche news looks neutral until the price breaks through resistance

Recent Avalanche news highlights that the price is once again testing key resistance levels of $29.10 for the third time this month. This is when much of the market has been bearish in what is supposed to be Uptober.

The AVAX price continues to show resilience, with the repeated test suggesting strong underlying demand. A successful breakout could signal a further bullish trend, and if, as expected, the market turns bullish, it could be a good final quarter and very positive for Avalanche investors.

Conclusion

Positive Avalanche news is on hold until the price can break through significant resistance. Ethereum has struggled, but it’s finally showing signs of bullish momentum. Much of this momentum is being driven by new tokens such as Lunex Network, which is exceeding all bullish predictions, raising over $1,200,000 while the presale is still only in stage 4.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials:https://linktr.ee/lunexnetwork

 *This article was paid for. Cryptonomist did not write the article or test the platform.