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Discover why a pro investor who predicted Solana’s breakout is now betting big on XRP and Lunex Network.
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While investors anticipate significant rallies across several altcoins in this cycle, a pro investor who predicted the breakout of Solana (SOL) from the $117 resistance is now betting big on XRP (XRP) and Lunex Network (LNEX). While XRP has been in a long-term range, it is speculated that a bullish breakout could happen soon.
On the other hand, Lunex Network is a promising new DeFi coin that is poised to address some of the most common problems users face in the industry. By prioritizing the experience of users, Lunex Network makes it much easier and faster to trade and swap coins across multiple blockchains and at the lowest fees.
Transacting crypto made easy on Lunex Network
Lunex Network puts users on the top of its priority list by ensuring that the platform is not only easy to use but also loaded with features that will enhance the experience of users. For example, Lunex Network offers competitive spreads and very low transaction fees. Hence, users can get the best possible prices for their transactions.
Additionally, they will not lose significant amounts of money to transaction fees. Moreover, users who are security conscious are going to find Lunex Network very beneficial. This is because the platform conducts transactions anonymously, hence users’ ID will not be exposed to unwanted individuals or organizations. Moreover, no KYC checks are required when signing up.
Meanwhile, exchanging crypto on the Lunex Network platform is relatively easy and straightforward. By simply selecting the coins that users want to send and receive respectfully, then they just need to input their receiving wallet address and confirm it. Meanwhile, the LNEX token is currently in stage 2 of its presale and selling for $0.0013 apiece.
Solana price chart analysis
From $148 to $143 the Solana coin dropped in value over the past seven days by more than three percent. Originally falling to $134 at the beginning of October, Solana’s value was rejected at that support zone, boosting bullish pressure and driving the price of the altcoin to rise once more above the $140 level.
The value of the Solana coin rose over 10% from $129 to $143 during this past month. Following a range in the second and third weeks of September between $127 and $140, Solana broke out higher and rallied to the $160 resistance where the bulls were turned away.
As the Solana price chart shows, inability to breach this key resistance zone led to a drop in the value of the altcoin. Solana then dropped to $135, but it did not remain at that level for very long. Solana started to climb gradually once optimistic momentum grew.
XRP price chart analysis
From $0.6 to $0.53 the XRP coin dropped over 11% over the past week. Originally declining to $0.51 at the start of October, the XRP coin started to consolidate between $0.55 and $0.51 and is yet to break out from this range. The value of XRP has changed hardly in the past month either.
The XRP price chart shows that the altcoin dropped by rather roughly 0.02%. Originally rising to $0.66 by the end of September, XRP’s price started to drop since it could not cross above that important resistance zone.
Consequently, the value of XRP has dropped below the $0.55 mark with a bearish momentum increasing. Technical study, however, indicates that the altcoin may be preparing for a positive movement. XRP’s community attitude is rather positive in parallel.
Solana investor bullish on XRP and Lunex Network
XRP and the new Lunex Network are getting ready for a surge even if Solana has shown quite good performance over the past year. While XRP is trying to break out from its protracted period of consolidation, investors are paying great interest to the Lunex Network presale. As a result, a price rally is imminent.
To learn more about Lunex Network, visit the website and socials.
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This article first appeared at crypto.news
