Bonk Chases DOGE, But Investors Eye Lunex Network for Bigger Gains
The post Bonk Chases DOGE, But Investors Eye Lunex Network for Bigger Gains appeared on BitcoinEthereumNews.com.
While Dogecoin (DOGE) continues to dominate the meme coin market, Bonk (BONK) is gaining traction in its quest to rival Dogecoin as the top meme token. However, the real excitement among savvy investors is shifting toward Lunex Network, an altcoin offering real-world utility. As $LNEX continues its presale and shows strong price growth, analysts predict Lunex Network will provide significant returns, making it the altcoin to watch over meme coins in the coming months. What Lies Ahead for Dogecoin (DOGE)? Currently priced around $0.12, Dogecoin is reaching heights never seen in a long time. Although it has struggled to break above the $0.11 and $0.12 thresholds, its chart reveals signs of increased buyer activity, which is supporting the ongoing rally and may contribute to further price gains. If Dogecoin can maintain this upward momentum and achieve a strong daily close above the 200-day EMA, it may pave the way for a sustained uptrend. Potential Dogecoin targets could include $0.13 and $0.15, crucial levels that acted as resistance in prior recovery attempts. Bonk (BONK) Emerges as the Top Gainer Among Major Cryptos Since yesterday, Solana-based meme coin Bonk has been the leading gainer among the top 100 cryptos, driven by a recent price boost and renewed market confidence. Bonk is now trading at $0.00002380 and has witnessed a remarkable 8.1% increase in daily trading volume as investors jumped in. However, the bulls encounter strong resistance at key levels, like the 23.6% Fibonacci retracement level of $0.00002379, which has proven challenging for further upward movement. Bonk’s daily chart indicates a rounded bottom pattern, suggesting a potential trend reversal as the altcoin records higher lows. If Bonk can break through the immediate resistance, the next major target will be the previous local high of $0.00002522, which could pave the way for further gains.…
Filed under: News - @ October 22, 2024 8:20 am