Near Protocol’s upward trajectory has ended as the token forms a symmetrical triangle pattern on its daily chart. Meanwhile, even Solana traders are jumping ship to Lunex Network’s new DeFi project that is poised for 1800% gains by the end of its viral presale offer.
Solana (SOL) Traders Prepare to Jump Ship Before Upcoming Correction
Solana recorded impressive gains over the last 30 days, which momentarily made investors turn bullish on the token for Q4’s bull market. Solana’s ecosystem recently recorded higher transaction volumes than the entire Ethereum and L2 ecosystem combined, which typically suggests growing investor interest.
Since Grayscale has also allocated 4.05% of its Digital Large Cap Fund (GLDC) ETF to Solana, analysts were optimistic about Solana’s growing mainstream adoption.
However, Solana’s technical indicators already show a bearish trend as the token’s CCI and Momentum Indicator flash strong sell signals.
Solana’s price is currently trading for $165.65 after a 4.49% intra-day increase, but analysts expect Solana to undergo a correction in the upcoming weeks. If selling pressure increases, Solana’s price could crash to the $150 support once again.
Near Protocol’s (NEAR) Consolidation Phase Increases Selling Pressure
Near Protocol has suddenly captured investor interest after a long period of lurking in the shadows. Although Near Protocol was poised for big gains in upcoming weeks, the Near Protocol price chart now forms a symmetrical triangle pattern.
With Near Protocol’s support and resistance lines converging, analysts expect its price to test the critical support level at $4.604 in the upcoming weeks.
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Near Protocol is currently trading for $4.84 after an intra-day surge of 1.42%. Its volume has also increased by 76.93% over the last 24 hours, which could indicate a sharp rise in selling pressure.
Since Near Protocol’s technical indicators, like the Awesome Oscillator, Momentum Indicator, and MACD Level, suggest bearish dominance, its price is unlikely to break out of the current triangle pattern any time soon.
Lunex Network (LNEX) Raises $1.1 Million with Low Fees Trading Platform
Lunex, the new DeFi exchange, is quickly shaping into a goldmine for savvy traders. By combining the best features of decentralized and centralized exchanges, Lunex Network is launching a new platform that enables seamless cross-chain interoperability.
Since Lunex Network bridges the gap between isolated blockchains through smart contracts on its interconnected ecosystem, market experts believe Lunex Network could become the leading DeFi exchange by 2025.
Traditional DEXs and CEXs could only facilitate cross-chain trading through third-party wallets like MetaMask or TrustWallet, which typically force traders to compromise their security. By using Lunex Network’s mobile or desktop app, traders can make low-cost cross-chain transfers across 40,000+ blockchain networks.
To make things even better, Lunex Network has a no-KYC policy, allowing traders to trade and exchange tokens without entering private information. As if that wasn’t enough, Lunex Network also offers complete encryption and transparency on every transaction, making it the most secure trading platform in the market.
Lunex Network offers the lowest gas fees because the platform’s smart contracts source liquidity from multiple blockchain networks. By splitting every trade across different networks, Lunex Network delivers the lowest possible transaction cost and lightning-fast speed for every transfer.
Lunex Network has just started stage 4 of its presale with an initial selling price of just $0.0017 per token. Since Lunex Network’s price has already surged by more than 40%, analysts are tipping at a total of 1800% gains by the end of LNEX’s presale stages.
You can find more information about Lunex Network (LNEX) here:
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Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
