New Delhi [India], December 05: Dogecoin is experiencing a resurgence after its temporary consolidation, forming a rare golden cross on its 4-hour chart. This positive momentum is fueled by an increase in Dogecoin’s buying activity which is making analysts optimistic about a price surge towards $0.50 within the next few days.
Meanwhile, Lunex Network is also gaining traction in the DeFi altcoin space after $4 million in record time.
Dogecoin (DOGE) Forms Rare Golden Cross Ahead of Anticipated Rally
Dogecoin has formed a golden cross on its 4 hour chart as its short term moving average crossed above the long term moving average. Since this golden cross was evident on the MACD indicator below the zero line, analysts are expecting a significant upward price trend for Dogecoin in the next few weeks.
Dogecoin’s golden cross formation also suggests that the token is experiencing a trend reversal from bearish to bullish which typically precedes a massive rally. In addition, Dogecoin also formed a golden cross in early November which resulted in an 184% price surge within eight days.
Dogecoin is currently trading for $0.4135 after an intraday decline worth 4.45%. Despite this minor price crash, Dogecoin’s volume has surged by 112.22% which suggests high buying pressure.
If Dogecoin can break above the $0.4739 resistance, it could target the $0.50 zone and the current all-time high price of $0.7316. Given that the bullish momentum continues until the end of Q4, Dogecoin could test the big $1 mark before the end of the year.
Lunex Network (LNEX) Could Outshine Dogecoin’s Rally in Q4’s Altseason
Lunex Network is recording significant whale activity over the last few weeks as analysts project a massive 2000% rally for the platform’s native LNEX token. If this prediction stands true, Lunex Network could outshine Dogecoin’s post-election rally worth 200%.
The reason why Lunex Network is poised for even bigger gains than Dogecoin is the platform’s strategy to target the entire DEXs and CEXs market. By launching a new noncustodial DeFi exchange, Lunex Network is changing the way traders make cross chain transfers. Instead of paying high fees or connecting unsafe third-party wallets, traders can use Lunex Network’s interconnected ecosystem to transfer more than 50,000 assets across different networks.
The best part about trading on Lunex Network is that the platform encrypts all financial data directly on Ethereum’s immutable blockchain. Since there are no KYC checks on Lunex Network either, traders can maintain their anonymity while they make huge cross chain transfers at minimal costs. In addition, every trade made on Lunex Network is processed through smart contracts which ensures 100% slippage free transactions.
Aside from the trading perspective, Lunex Network is also offering huge rewards to its long-term investors through a revenue sharing model. Every week, Lunex Network repurchases LNEX tokens on the open market with up to 20% of its revenue. These tokens are distributed amongst Lunex Network’s current holders as staking rewards who can earn a consistent passive income. Since Lunex Network’s staking period is only 30 days, traders can add tokens to their pools now and start receiving rewards before the end of the year.
For a limited time only, Lunex Network is selling tokens for a low price of just $0.0036 each. Since Lunex Network’s demand is already at a record high, analysts are expecting the token’s price to reach a new all-time high level before the end of this week.
You can find more information about Lunex (LNEX) Network here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
