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Dogwifhat’s bullish breakout and Lunex Network’s explosive presale momentum signal major opportunities in the crypto market, with both tokens poised for significant growth.
Dogwifhat has shown a strong market pattern following its Coinbase listing and a key technical breakout on the Solana network. Despite its 35% dip from its ATH, a bullish flag pattern on the WIF daily chart suggests a potential price recovery that could see the token aim for massive breakouts.
Historically, such a pattern usually signals a bullish continuation trend, which suggests that Dogwifhat’s price performance might bounce back from its correction period. Moreover, a new presale gem, Lunex Network, has continued with its significant presale momentum to record a new all-time high of $0.0033. This recent surge will attract more investors as the hybrid DeFi project aims to gain more in the coming weeks.
Lunex Network aims at reshaping blockchain scalability
One of the main issues traders usually face is a lack of interoperability, which is associated with most conventional centralized exchanges. On most trading platforms, trading assets requires clunky and long-winded processes that involve connecting third-party wallets. Lunex Network has tackled this issue by leveraging smart contract technology to power seamless trades, allowing quick asset swaps across more than 50k assets at the lowest fees possible.
Lunex Network also distinguishes itself from other exchanges by focusing on security and privacy. The project has eliminated KYC requirements for its users, allowing an anonymous trading experience. Its Lunex Pro feature, a subscription service offering traders extra benefits such as cashback and anti-money laundering checks on their wallet addresses, also makes the project stand out among investors.
The Lunex Pro aims to provide various tools and benefits to institutional and retail investors, promoting widespread adoption, which could lead to a further increase in the LNEX price. The token is currently at $0.0033, representing a 175% surge from its starting price of $0.0012.
Dogwifhat: Will WIF hit $10?
Dogwifhat’s price has broken out of a falling channel to record bullish momentum. The WIF token’s support level, formed by a broken upper trendline, is critical for the next rally. Moreover, its technical indicators also support a bullish continuation, with the RSI at 55, pointing out a building buying pressure that might help sustain upward momentum.
During its recent dip, large holders of the Dogwifhat token have been accumulating, which suggests confidence from institutional investors. This accumulation has led to a bullish signal with a 5% weekly surge to trade along the $3.00 and $3.20 region. According to Cryptonary, Dogwifhat holds the potential to become the first dog-themed meme coin to hit $100 plus.
According to the WIF price forecast, its uptrend momentum is set to push Dogwifhat to the $10 region by the end of 2024. This will represent an over 230% rally, making Dogwifhat an attractive token. The current sentiment for the meme coin is optimistic, as the Fear and Greed Index shows 78, which is extreme greed. Dogwifhat has also recorded 13 out of 30 green days with price volatility of just 19% over the past month.
Can LNEX price movement outshine WIF price performance?
Like Dogwifhat, Lunex Network has the full potential to join the ranks of major players in the DeFi space. Its top features and unique revenue-sharing model make it stand out. This has led to an impressive presale performance, hitting over $3.7m in revenue. Industry experts also project explosive growth of 1,800% by the end of its presale.
To learn more about Lunex Network, visit the website and join Lunex’s growing community.
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