Many top altcoins in the cryptocurrency market have suffered corrections in the past week. They have failed to cross major resistances on their way to the top. For instance, Chainlink (LINK) met with resistance at $15. 

Also, Near Protocol (NEAR) has faced resistance at $6.25. Meanwhile, Lunex Network (LNEX) is set to revolutionize the DeFi market. It aims to solve the issues of high fees and multichain incompatibility.

Chainlink (LINK) Attempts To Break the $15 Resistance 

Following the bull run, Chainlink ($LINK) was able to cross the $15 mark on November 12: the first time it touched this price range since June, based on CoinMarketCap’s data. Unfortunately, bulls could not hold the region. So, the Chainlink price dipped to $14.

Nevertheless, the DeFi coin has initiated an upward move and may breach the mentioned resistance in the subsequent days. LINK retains a bullish stand on the weekly and monthly chart. However, crossing $15 could open the way for the Chainlink coin to reach $20.

The token has strong support at the 200-SMA ($12.84). Most of Chainlink’s (LINK) technical indicators, including the Hull Moving Average (9), are signaling an uptrend.

Looking ahead, Satoshi Flipper expects a rally to $15.60 soon. Another analyst called Quinten Francois expects the price of the altcoin to reach $16.60 in the next few days. Nicu forecasts the value of the Chainlink crypto could pump to $80 in 2025. 

Near Protocol (NEAR) Attempts Major Breakout

Near Protocol (NEAR) is one of the top crypto coins that joined the latest rally in the market. The Near Protocol token rose to a weekly peak of $6.25 before falling back to lower levels. Per data from CoinMarketCap, NEAR is currently trading below the $6 mark. 

It has failed to breach this level after two major attempts. If bulls can surpass this level, the value of NEAR may rise to $6.5 and even $7. Giray expects the value of the Near Protocol coin to pump to $7.693 in the coming weeks. Another expert, CryptoKnight, gave two price forecasts for the Near Protocol crypto.

They expect a short-term rally to $9.70. If the uptrend continues, CryptoKnight predicts a major rally to a major target of $20 in the long run. At the moment, the sentiment surrounding the cryptocurrency is bullish. Its VWMA (10) and Hull Moving Average (9) are in the buying zone, which is a bullish sign.

Lunex Network (LNEX) Solves the Issues in the DeFi Space 

Lunex Network (LNEX) is addressing one of the biggest challenges in the DeFi and Web3 ecosystem: the problem of multichain incompatibility and high fees. Traders and developers have faced the issue of how to transfer assets or perform smart contracts between platforms for years, most often having to use costly and ineffective makeshift solutions that go against the concept of decentralization.  

Lunex Network’s solution is, therefore, in its multichain bridge, a cutting-edge innovation that allows interoperability with over 40 blockchain networks and transfers for over 50,000 cryptocurrencies. 

Unlike the existing blockchain bridges that can accommodate a few networks, Lunex boasts seamless and inexpensive asset transfers, making it truly interoperable. Moreover, Lunex Network uses AMMs based on smart contracts to avoid such problems as slippage and keep all operations transparent and effective at the same time while remaining fully decentralized. 

This innovation places Lunex Network as the disruptive entity in the DeFi space, addressing key issues hindering blockchain interoperability and laying the foundation for integration. Currently, Lunex Network is in the presale phase. Its token is trading at $0.0026. Analysts expect a rally of 10x in the coming months. 

Conclusion 

The future price movement of Chainlink (LINK) and Near Protocol (NEAR) depends on these resistances. Crossing them could open the way to new price levels. Meanwhile, Lunex Network’s unique offerings make it one of the new DeFi projects to watch out for.

You can find more information about Lunex Network (LNEX) here:

Website: Lunex Network

Socials: Join Lunex’s Growing Community