Shiba Inu and Avalanche Price Holds, As Lunex Network Records Over 158% Rally

SPONSORED POST*

In contrast to popular players like BTC and XRP, Shiba Inu’s price performance is noticeably stagnant. However, it is within a crucial support cluster of 470 billion tokens, which offers temporary price stability. Its daily chart indicates a lack of aggressive upward movement. On the other hand, the Avalanche price has recovered above the moving average lines.

The token is holding above the $40 breakout level. Meanwhile, Lunex Network (LNEX) is emerging as the go-to platform, offering unique solutions to some of the biggest DeFi challenges. Its value has increased to $0.0031, marking an over 158% leap from its starting price of $0.0012. The buzz around this token is evident due to its expanding community and successful presale performance.

Lunex Network Attracts Investors with Over $3.1M Presale Revenue

Lunex Network has all the signs of an industry disruptor. To start with, the project allows for easy swapping across multiple blockchains at the cheapest rates possible. This has led to Lunex Network’s impressive presale performance, raising over $3.1M in presale revenue.

The Lunex Network’s non-custodial operation ensures users fully control their crypto assets. The project places special emphasis on security, a reason why it has the rubber stamp of an established smart contract auditor known as SolidProof.

Lunex Network is, therefore, a sturdy platform that aims to simplify crypto swaps. This has made its presale catch the attention of most investors across the globe, with the LNEX token recording over 158% from its initial starting price of just $0.0012

SHIB Price Lacks Aggressive Upward Movements

Shiba Inu has witnessed a lack of momentum in the current market rally, sparking speculation about the token’s prospects. SHIB price has been hovering between the $0.000024 and $0.000027 range. Despite several breakout attempts, the token has failed to replicate parabolic rallies that other tokens have observed. Notably, the price of Shiba Inu has found support around the $0.000022 and $0.000023 marks.

However, SHIB bears are striving to take control of the market as resistance close to $0.000028 has limited the upward movement. Roughly 62% of SHIB holders are in profit, whereas 37% are either in losses or breaking even. This margin suggests a sizeable amount of investors are trading near the break-even point, reducing speculative activity.

Approximately six trillion SHIB in large transactions. This is significantly lower than its seven-day peak of about 15 trillion. This suggests declining whale activity, which can be interpreted as low volatility. The lack of new catalysts and Shiba Inu’s reliance on retail traders could explain its relative stability.

AVAX Price Holds Above $40

Avalanche price has seen remarkable growth in the current rally, surging 21% in the past week to trade between $40 and $45. Since November 22, the bullish rally has paused above the $44 high. The token is bouncing off the $40 breakout level. If AVAX’s price breaks this barrier, it could rise to $60. Moreover, the bullish momentum will continue until the AVAX token reaches the $100 mark.

The on-chain metrics align with this bullish trend. Its 21-day simple moving average is higher than its 50-day simple moving average, further cementing this bullish sentiment. Notably, the current bullish trend will only end when the moving average lines are below the price bar. The four-hour chart highlights several higher highs and higher lows.

If the token can hold above the $40 support level, it could push to the $44 resistance zone, the uptrend will then continue. Market pundits are closely monitoring AVAX price movements, taking a closer look at its key resistance levels around $60 and $70 and its critical support around $20 and 30 marks.

Why LNEX Might Be the Next 100x Project?

While Shiba Inu and Avalanche are set to regain bullish momentum, Lunex Network focuses on providing users with a practical approach to some of the most common DeFi challenges. Lunex Network addresses real-world issues, making it a 100x crypto candidate that promotes better security and continuous value appreciation.

Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!

Website: Lunex Network

Socials: Join Lunex’s Growing Community

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