Lunex Network Price Surge as Shiba Inu (SHIB) & Avalanche (AVAX) Struggle
The post Lunex Network Price Surge as Shiba Inu (SHIB) & Avalanche (AVAX) Struggle appeared on BitcoinEthereumNews.com.
Shiba Inu and Avalanche are both flashing mixed signals as these tokens try to escape strong downward pressure. Meanwhile, Lunex Network is on a strictly bullish trend as the new exchange-based token has already raised nearly 550,000 USDT in record time! Is Shiba Inu (SHIB) Experiencing a Sell-off? Shiba Inu was under strong bearish pressure last week as more than $432,970 worth of long positions were liquidated. Shiba Inu’s open interest indicators suggest that there are more sellers than buyers right now, which could lead to further downward action. Since Shiba Inu’s short holders are prepared to book profits at any moment, analysts believe Shiba Inu’s current downtrend will continue in Q4. Shiba Inu is currently trading for $0.00001847 after an intra-day increase of 5.12%. Given the massive 60% increase in Shiba Inu’s volume, short holders appear to be selling out before price declines. Avalanche Forms Descending Triangle Pattern on AVAX/USDT 4-Hour Chart Avalanche is currently flashing mixed signals as bulls and bears fight for dominance. On the AVAX/USDT 4-hour chart, Avalanche has formed a descending triangle pattern which typically indicates strong bearish pressure. Since Avalanche’s volume has also increased by 26.15% over the last 24 hours, Avalanche’s short holders appear to be selling out for now. Avalanche is currently trading for $29.66 after an intraday increase of 3.77%. Once the selling pressure cools down, Avalanche could experience a rally toward the $32.22 resistance. Since Avalanche’s RSI line has moved above the neutral level at 50, Avalanche’s daily chart shows that there’s more room for growth in the upcoming weeks. Analysts Project Massive Price Surge for Lunex Network (LNEX) Lunex Network (LNEX) is quickly emerging as the hottest DeFi token in Q4. By raising more than 500,000 USDT in record time, Lunex Network has already proven its potential as the…
Filed under: News - @ October 15, 2024 11:28 am