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Solana soared from $20 to $200, exciting investors. Meanwhile, a trader now sees potential in XRP and Lunex Network for growth.
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Solana’s (SOL) price increased from $20 to $200 in only six months. Investors who gently kept their Solana tokens until the price hit $200 were very excited about this. A trader that made money on Solana’s 10x rally is now positive on XRP (XRP) and a new player called Lunex Network for the next expansion.
While XRP has gradually been creating a bullish structure of higher highs and higher lows over the past 2 weeks, Lunex Network (LNEX) is capturing the attention of investors as a result of its big promises to both address the challenges faced when using other DEXs and yield massive ROIs for investors.
Lunex Network employs institutional liquidity
Lunex Network is a new DeFi protocol and one of the first community-backed projects to share its revenue with token holders. Just by holding the LNEX token, users will be able to gain a portion of the weekly profits that Lunex Network generates from trading and transaction fees. Moreover, this is in line with the interests of both Lunex Network and the community.
This would be particularly interesting to individuals who are seeking platforms that can earn them passive income. In addition, Lunex Network employs institutional-grade liquidity for users. This ensures that traders enjoy swift and efficient transactions without slippage. Meanwhile, traders and investors who execute large orders will particularly benefit from this.
Even high-frequency traders will also find this beneficial because they will be able to have their market orders executed at the exact prices that they desire. Meanwhile, the Lunex Network presale is underway and each LNEX token is currently priced at only $0.0015 in stage 3 of the presale. However, this price is expected to increase in a few days.
Solana price chart analysis
As the Solana price finds it challenging to overcome the $160 resistance, holders are hopeful that bearish pressure will not intensify. Meanwhile, the Solana price chart indicates that the altcoin has been rejected from this zone multiple times since August. This makes the $160 zone a key resistance that must be overcome for a huge rally to take place.
Bearish pressure persisted even though the bulls tried several times during the past week to drive the Solana price above this zone. Solana has therefore been observed having a price range between $151 and $159 during the past few days.
The bears are trying, though, to lower Solana’s price below the $151 support. Should the bears win, Solana’s value could drop toward the $145 zone. Conversely, if optimistic pressure rises, Solana could surge above $185 soon.
XRP price chart analysis
Over the previous two weeks, the XRP price has proven to move between $0.51 to $0.56. Still, inside this range, the XRP price is creating a positive framework. This difference in pricing alludes to both a likely short-term downturn and a longer-term development. Conversely, XRP climbed roughly 4% during the previous week.
Conversely, XRP had a more bearish preceding month when the altcoin declined over 5% from $0.58 to $0.55. The XRP price chart shows, however, that the altcoin rose by more than 8% throughout the past six months. This reveals some kind of fortitude against notable changes in the market.
Technical signs, meantime, point to a modest possible expansion potential. The RSI at 57 suggests that the altcoin is neither oversold or overbought while the 10SMA and the 100SMA linger about $0.54. The Stochastic Oscillator also shows signals of a likely higher movement for XRP.
Lunex Network could outpace XRP and Solana
While Solana and XRP record notable price swings, Lunex Network continues to garner investor attention in its ongoing presale. This is evident over $950,000 that has been raised in presale revenue and close to 700 million tokens already sold in weeks.
For more information, visit the Lunex Network official website or join the online community for the latest updates.
This article first appeared at crypto.news
