Shiba Inu (SHIB) began November positively, breaking out from multiple resistance zones to reach a 229-day high on Nov. 12. Its weekly time frame highlights upside momentum alongside an ascending support trendline that has existed since June 2023. On the other hand, Bonk’s shorter-term 12-hour chart indicates that the November rally is completely parabolic.
Meanwhile, Lunex Network sets new records as its explosive presale momentum picks up steam. The project has accumulated over $3.8 million and increased by 210% to $0.0033 as its holders anticipate another price increase to $0.0038. The driver behind this bullish momentum is its aggregation protocol and system designed to offer real passive income.
Lunex’s Anticipated Price Jump Attracts Whale Investments
Lunex Network continues to gain traction as the next big DeFi exchange thanks to its revolutionary features, which solve some of the biggest DeFi challenges. The project introduces a non-custodial exchange platform that connects isolated blockchains. Its smart contract verifies transactions to ensure accuracy, enabling Lunex users to store, swap, or exchange over 50,000 crypto pairs across 40+ chains.
Besides this, the Lunex presale offers exciting opportunities to maximize passive income. LNEX holders can stake their tokens for as much as 18% APY for 30 days. Once the presale is over and the LNEX token is live, its holders will continue to generate passive income through the revenue share model. This system will use a portion of its revenue to buy LNEX tokens from the open market and redistribute them to those who have staked their tokens.
Since the Lunex presale is selling out fast, analysts forecast an 1800% price increase by the end of the presale. So far, Lunex Network is available at $0.0033 as holders anticipate another price increase to the $0.0038 mark.
Shiba Inu Price Rally Cools Off
Shiba Inu’s price broke out from its descending resistance trendline to reclaim the $0.0000200 horizontal resistance area in early November. Since this trendline formed at its yearly high, the breakout could signal an end to a correction phase. Amid the recent rally, SHIB price soared to reach $0.0000304 before declining to trade between the $0.0000200 and $0.0000335 range.
The on-chain technical structure aligns with bullish momentum. SHIB’s Relative Strength Index and Moving Average Convergence/Divergence (MACD) are increasing. The RSI hovers above the neutral zone at 50, and the MACD is at 0, often a positive sign. SHIB price could eventually break out to register new highs. Its daily time frame suggests that the meme coin could experience short-term declines to reach a local bottom.
Notably, the bearish SHIB price prediction is validated by the completion of wave one in a five-wave upward movement. The current correction is likely wave two. According to this count, the price of Shiba Inu has completed the sub-wave C in the correction, which can end at the 0.5 Fibonacci retracement support level at around the $0.0000204 mark. This price action and technical indicators support the downward movement.
BONK Price Targets $0.000075 Level
After breaking out from its long-term symmetrical triangle, Bonk’s price formed a candlestick that cleared its $0.000034 horizontal resistance zone that had formed since March. This was the last resistance area before the all-time high. The breakout pushed BONK’s price to a new all-time high of $0.000060 on November 19. Notably, its shorter-term 12-hour chart indicates that Bonk’s price increase in November was completely parabolic.
According to its wave count, the Bonk token is in wave three of the five-wave upward movement. The wave three counted has extended and is 3.61 times the magnitude of wave one. If the length continues to grow, it could push the price of Bonk towards the $0.000075 mark, which would give wave three 4.61 times the length of wave one.
However, the 12-hourly RSI has created a bearish divergence, which indicates a local top. This, coupled with the wave three extension, suggests that the BONK meme coin could soon undergo a retracement. This correction could push the token toward the 0.382-0.5 Fibonacci retracement support level between the $0.000039 and $0.000045 mark. This does not mark the end of its upward movement but a temporary wave-four correction before the bullish momentum resumes.
Lunex Network Could Soar Higher
As Bonk and Shiba Inu prices witness short-term price retracement, Lunex Network is becoming the best crypto alternative. The token has already recorded a price increase of over 210% as its holders anticipate another price increase to $0.0038.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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