Avalanche (AVAX), a Layer 1 blockchain token, has recorded a monthly surge of over 23%. This increase aligns with the broader crypto market rebound, which has seen Bitcoin record a new ATH. Moreover, following a 159% surge on November 6 and 12, Dogecoin continues to exhibit a period of higher-range consolidation.
On November 18, Dogecoin completed its daily bullish engulfing candle, which welcomed market speculations for its next ascend near its ATH of $0.73. This comes as a new DeFi project has hit a new price target of $0.0031 in just a few hours. Lunex Network aims to achieve more than a 158% surge in price owing to its unique features, which seem to have propelled its presale momentum.
Lunex Network Raises Over $3M In Presale
Lunex Network is quickly positioning itself as the leading DeFi exchange in the coming years. This unique project has already raised over $3M in its ongoing presale, as the price records an over 158% surge to hit the $0.0031 mark. This significant surge has been attributed to the project’s unique features, which aim to bring cross-chain interoperability and Web 3 technology to the mainstream.
The project will allow traders to exchange over 50K crypto assets across more than 40 blockchains without worrying about additional costs. Moreover, with the Lunex Network smart contracts, traders will no longer need to use unsafe third-party wallets such as MetaMask to make cross-chain transfers.
If that is not enough, the project has prioritized top-tier security measures, including a completed audit by SolidProof, which eliminates all critical vulnerabilities. To make it more reliable, the platform has eliminated KYC checks. This means new users can easily sign up with just their email and enjoy the benefit of this revolutionary trading platform, as the LNEX price is set to surge even higher to the $1 mark in 2025.
Can Avalanche Price Hit The $50 Mark This Month?
Avalanche price prediction is nearing a significant price point, facing strong resistance at $37. A breakout above this level could propel its value to the $40 region, with sustained bullish momentum seeing the Avalanche token surge past the $50 mark.
However, strong backing remains crucial for Avalanche’s upward trajectory as the AVAX token navigates this critical phase in its market performance. Technical analysis for the price of Avalanche indicates a strong bullish momentum, and the MACD indicator has also confirmed a bullish sentiment.
The RSI is at 59, suggesting an increasing buying pressure. Both the 50 and 100-SMAs are below AVAX’s price, acting as strong support in case of a price correction. Backed by strategic whale accumulation, market momentum, and technical indicators, Avalanche price performance could hit the $50 region as it continues to break key resistance regions while hovering around the $30 and $33 mark.
Dogecoin’s Gaussian Channel Hints At A Significant Breakout
As the market turns bullish, one unique indicator has highlighted Dogecoin’s historical probability of another significant rally over the next few weeks. According to Trader Tardigrade, a market pattern analyst, Dogecoin is currently on a path of repeating a historical price movement based on the Gaussian channel.
A Gaussian channel is an indicator that usually allows traders to identify an upper and lower price action channel based on asset distribution principles. As analyzed, the DOGE token has gained support from its mid-band line of the Gaussian channel for the third time.
Javion Marks, a crypto trader, also believes that Dogecoin’s retest of its ATH at $0.73 is imminent. While Dogecoin’s price performance has always faced resistance just below its previous ATH range, there is a high possibility that its short-term target is $0.73 before undergoing rapid price discovery. The DOGE token price trades around the $0.33 and $0.38 mark. Technical indicators also support continuous uptrend momentum.
Lunex Network to Mirror Avalanche and Dogecoin Price Performance
As Avalanche and Dogecoin continue to record impressive value gains, Lunex Network aims to emulate them over the coming months. This could allow its investors to enjoy higher ROI while strengthening the LNEX token’s performance in the crypto market.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
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