Crypto Parabolic Projection: Trump Inauguration and Factors that Could Trigger Price Rally for Solana and Lunex Network
The post Crypto Parabolic Projection: Trump Inauguration and Factors that Could Trigger Price Rally for Solana and Lunex Network appeared on BitcoinEthereumNews.com.
The bullish wave of 2024 coincided with Donald Trump’s triumph in the polls in November. The win for the crypto-friendly president-elect saw several top crypto coins like Bitcoin, Solana, and so on record an all-time price high in the weeks that followed. Similarly, the inauguration of Trump is drawing ever closer, and this could be another opportunity for a parabolic rise in the crypto market. Top presale DeFi coins like Lunex Network (LNEX) have been on a consistent rallying trajectory with early investors recording over 350% ROI within the past few weeks. This massive jump has positioned the LNEX among the top DeFi coins on investors’ watchlists. The coming weeks could intensify the bullish momentum of Lunex Network and Solana, making them some of the top crypto coins to buy. Inbound Rallying Trajectory for Solana (SOL) Amid Following a massive bullish 2024, which saw Solana’s price gain over 92% within the last year, another bullish circle might be imminent in the coming weeks. While the Solana token has declined by about 18% within the past month, according to CoinMarketCap, the market sentiment remains bullish for most investors. The decline trajectory of Solana’s price met a resistance at the $183 threshold and has since rebounded to trade above $186. Crypto analyst DaCrytpoGeneral pointed out that Solana crypto is retesting its previous breakout level. The analyst also expects Trump’s inauguration to trigger a parabolic season, which could see Solana coins price rise to $285. The number of active addresses on the Solana Network has been on a steady rise since the beginning of the year as speculations of a potential Solana ETF approval continue to trend in the market. With the recent Solana news showing a new proposal to strengthen the network, the altcoin price might jump up soon. Overall, Solana remains…
Filed under: News - @ January 14, 2025 6:13 am