Shiba Inu and Bonk were poised for big gains in Q4, but investors appear to be losing interest in the meme coin sector ahead of the bull run. For now, all eyes are on Lunex Network’s viral presale that is getting closer to the big 1M USDT milestone in record time.
Shiba Inu (SHIB) is Heading Towards a Consolidation
Shiba Inu’s price chart has formed a symmetrical triangle, typically indicating a consolidation period. Since Shiba Inu’s volume has increased by 26.22% over the last 24 hours, analysts believe Shiba Inu will break out of the triangle pattern and move lower in the upcoming weeks. Shiba Inu is trading for $0.00001883 after an intra-day decrease of 3.70%.
Although Shiba Inu is now trading above its key Simple Moving Averages, this positive price trend isn’t expected to last long. Shiba Inu’s Momentum Indicator already suggests bearish dominance, and Shiba Inu’s MACD level has also turned negative. If Shiba Inu faces a consolidation, the token’s price could soon fall to the $0.00001268 support.
Bonk (BONK) Loses Community Backing
Bonk has received significant support from the Solana community over the last few weeks, but the token’s price action hasn’t made any significant movements. Although analysts predicted positive movements for Bonk last week, Bonk’s price struggled to sustain those gains today.
Bonk is currently trading for $0.00002206 after an intra-day incline of 4.47%. Since Bonk’s volume has increased by 28.09% over the last 24 hours, Bonk holders are possibly selling out now. Since Bonk’s Momentum Indicator is also flashing sell signals, Bonk’s price could decline to the nearest support at $0.00001747 in the next few days.
Lunex Network (LNEX) Steals Meme Coin Hype with Explosive Presale Success
Lunex Network’s new exchange-based token is making investors jump ship from the meme coin market to the explosive DeFi sector before Q4’s bull market. Since Lunex Network has set a new record by raising more than 8M USDT in less than a month of its presale launch, analysts are tipping at massive 1800% gains for LNEX holders by the time the token is launched on the open market.
Instead of following in the footsteps of traditional DEXs and CEXs, Lunex Network is launching a revolutionary crypto exchange with multi-chain trading capabilities. By integrating the latest blockchain technology and smart contracts directly onto its ecosystem, Lunex Network allows traders to swap more than 40,000+ tokens across different blockchains.
Since trading requires top-tier security, Lunex Network has an attractive no-KYC policy that allows traders to remain anonymous as they transfer crypto holdings. If that wasn’t enough, Lunex Network encrypts every transaction on Ethereum’s immutable blockchain to ensure complete protection against data leaks and manipulation.
Aside from these features, the best part about investing in Lunex Network is still the platform’s attractive staking rewards. After only 30 days of holding LNEX tokens, investors can receive up to 18% APY rewards.
Lunex Network has entered its third presale stage this week, and LNEX tokens are selling for only $0.0015 each. Since the token’s price has already rallied by 25% within a few weeks’ time, analysts are already tipping at 100x returns for LNEX on launch day.
You can find more information about the Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Source: https://www.cryptonewsz.com/crypto-experts-turn-to-lunex-network-presale-over-shib-and-bonk/