The Sui network (SUI) has reached a significant milestone, surpassing the over $33 billion cumulative decentralized exchange (DEX) trading volume. This represents a 1,479% year-to-date surge, underscoring its rapid adoption. On the other hand, BNB’s price could be entering a consolidation phase.
Its MACD highlights a weakening bullish momentum. Meanwhile, Lunex Network is emerging as the go-to platform for anyone seeking high returns and reliability in the DeFi space. Thanks to its aggregation protocol, the project will enhance crypto trading like never before.
Lunex Network To Enhance Crypto Trading Experience
One of the most common issues traders face is the lack of interoperability inherent in various centralized exchanges. Typically, trading assets on such platforms requires tedious processes like third-party wallet linking. Lunex Network has tackled such issues by leveraging smart contract technology. It powers seamless trades, enabling Lunex users to sell, buy or swap more than 50,000 crypto pairs at lower fees.
The project has also removed KYC verification requirements, appealing to security-conscious traders. This move has minimized the risks of data breaches and ensured an anonymous trading experience. Notably, the Lunex Pro feature will benefit retail and institutional investors with features like cashback and anti-money laundering checks on wallet addresses. Thus, it will promote widespread adoption that could further increase the value of $LNEX.
Meanwhile, Lunex Network is preparing to enter the robust DeFi market, which is expected to reach USD 231.19 billion by 2030. Grabbing even the tiniest share of this market could increase LNEX’s valuation exponentially. So far, Lunex Network is available in presale and is selling at a low entry point of $0.0036. This marks a 200% price increase from its starting price of $0.0012.
Sui Price Tests Critical Demand Zones
Sui’s price has seen incredible growth in the past few weeks. The token has retraced after hitting an all-time high of $3.93 on November 17 and appears to be testing its critical demand level at $3.80 and $3.85. This region is crucial to maintaining the current bullish momentum since it aligns with the lower trendline of an ascending channel that supported its upward price action.
The weekly time frame suggests that the SUI price could surge to new highs if the demand zone holds, with resistance at $3.95 and $4.00 and a target of $5.00. If the SUI token breaks through the $5.00 level, it could set the stage for a rally towards the next target zone at $7. However, if the bulls fail to heighten buying pressure, it could lead to a deeper correction, with the next support at $3.40.
Notably, a breakout above the $3.80 mark could bring the price of SUI to $3.90, a psychological barrier. Conversely, a breach below this mark may intensify selling pressure, pushing SUI’s price towards the $3.60 level or lower on the charts. Technical indicators reveal a bullish alignment, reflecting short-term buying pressures.
BNB Current Trend: Stability or Stagnation?
Amid the broader market rally, BNB’s price performance has lagged behind that of other top crypto contenders. The token has been hovering between the $630 and $660 levels and seems to have entered a tight consolidation phase. Its MACD indicator suggests that its bullish momentum is weakening, while the Chaikin Money Flow (CMF) suggest that there are limited inflows into the asset.
The Accumulation/Distribution (A/D) levels are steady, confirming a lack of significant buying or selling pressure. Its 50-day moving average hovers above the 200-day average, maintaining a bullish crossover. However, the lack of volume surge has raised concerns about the sustainability of the uptrend.
A breakout above $670 will suffice for the BNB token to regain momentum and potentially increase its trading volume. If the price of BNB fails to reach this point, it could trigger a downtrend that would push the token toward the $640 support level. Any additional losses could push the token further down towards the $635 level.
Can LNEX Price Action Outshine SUI and BNB Price Performance?
Lunex Network has the potential to become a player in the DeFi market thanks to its innovative DEX features and standout revenue share model, which offers real passive income to LNEX holders. These features are behind its successful presale, hitting over $4 million in revenue.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
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