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As Solana and Toncoin struggle at critical resistance levels, Lunex Network emerges as a promising altcoin in presale, poised for a potential 1,800% rally amid a bullish market outlook.
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Solana dived right back to the $140 zone after facing rejection at $160, while Toncoin tumbled to $5 when the bears took control of TON’s momentum at $6.1. As SOL and TON display weakness at critical resistance zones, Lunex Network (LNEX), a bullish altcoin in presale, has proved unstoppable.
Market pundits predict a meteoric rise for LNEX as it launches in a bull market, potentially trouncing Solana and Toncoin with astronomical returns. Let’s find out what’s happening.
Bullish altcoin Lunex Network offers up to 18% APY to holders
LNEX is the native token of the Lunex Network. It’s bringing true innovation to DeFi exchanges, using a multichain bridge that connects all blockchain networks, enabling seamless communication and transfer of value and data between them.
Creating a unified DeFi ecosystem for instant and effortless crypto swaps has enabled Lunex to reduce transaction costs and time, positioning it to capitalize on the rising DeFi trading trends.
This non-custodial web3 crypto exchange offers more than 50,000 crypto pairs, and users only need to provide a receiving address to trade. No KYC is required, which gives traders privacy, anonymity, and total control of their assets for optimum security.
What makes the LNEX token even more attractive to investors is the generous rewards for token holders. The platform designates a share of its DEX revenue for token repurchases. These are redistributed to investors, with stakeholders earning passive income of up to 18%.
Lunex Network’s unique value proposition in the bustling DeFi market makes it an ideal bullish altcoin to hold for gigantic returns in the upcoming bull market.
Solana continues sideways trading
Solana’s price has been heading downward in the last seven months. The market wide correction tossed SOL down to $110 in August, and has mostly traded in the $120-$160 range since.
Lately, the $160 region has become a potent psychological barrier for SOL. The last three attempts to break above this resistance level triggered wild selloffs, and it may take a significant spike in buying support for SOL to cross this zone.
Some analysts have even hinted that SOL may first need to capitulate toward the $80 zone to collect the liquidity required for a larger bullish trend.
Toncoin rejected at $6
Like most other altcoins, TON has been on an uptrend through September, rising to $6.1. This zone is a vital daily resistance. TON’s failure to break this barrier points to waning buying support as the altcoin tumbles back down to the $5 region.
Market participants now worry that TON may not hit $10 in the near future if it doesn’t muster the strength to rise above $6 and blow through its ATH at $8.2.
For more stable returns, TON investors are turning to the new passive income yielding altcoin LNEX to protect their investment capital.
Lunex Network tipped for 1,800% rally
In presale stage 2, the Lunex Network ICO has already gathered over $650k as TON and SOL whales rush to scoop the bullish altcoin at the $0.0015 floor price. First movers are nearly 25% up, and analysts predict a 1,800% price surge in presale, with more returns expected once the LNEX token launches in a bull market.
To learn more about Lunex Network, visit the official website and its socials.
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This article first appeared at crypto.news
