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The bull season for the crypto market has been confirmed as Bitcoin surges towards $100k. This move has triggered positive sentiment across the crypto market, resulting in huge price increases for the altcoin market. Avalanche (AVAX) is on the bullish side and is now targeting $40.
Also, Cardano (ADA) is gradually approaching the highly awaited $1 mark. Meanwhile, Lunex Network (LNEX) is causing quite a stir among investors. Analysts predict its price could increase by 18x in the months ahead.
According to InvestingHaven, Avalanche (AVAX) is on the rise and has already breached the 38.2% Fibonacci retracement resistance at $32.54. For this breakout confirmation, the Avalanche coin must hold above $32.43 till November 28 with support from the bullish micro-reversal pattern.
If these conditions hold, InvestingHaven says the Avalanche token has the potential to reach $40.80. In the meantime, the cryptocurrency’s value is consolidating between $31 and $37 on the weekly level, per CoinMarketCap data.
AVAX has been battling with bearish pressure from profit takers who are trying to cash out from the uptrend. In the 7-day timeframe, it has gained 14.9%. On the 14-day chart, there is a profit of 32.5%.
The technical indicators of the Avalanche crypto are even bullish. The Fear and Greed Index displays extreme greed. Also, the relative strength index is above 60, which shows buyers have the upper hand here.
Cardano (ADA) is getting close to the long-awaited $1 milestone. Data from CoinMarketCap shows the Cardano price is above the $0.87 mark. Ali Martinez had earlier stated that the $0.80 level is a very strong resistance, with over 1.2 billion ADA bought by 48,000 addresses.
Currently, the cryptocurrency has smashed this resistance. A continuous upsurge could push the value of ADA to $0.95 soon. Cardano could reach $1 if the uptrend continues. Analysts have bullish targets for the Cardano coin. They expect it to see massive gains before the end of this cycle.
Todayimcraziest told his followers the cryptocurrency market is in a full uptrend zone. They say the minimum price for the Cardano crypto this cycle is $5, while 8 is the maximum. The coin’s VWMA (10) and Hull Moving Average (9) are showing buy signals that support an upsurge.
Lunex Network (LNEX) could become a leader in the DeFi market due to its upcoming platform. It is aimed at making trading more convenient, increasing the level of anonymity, and encouraging users. The current presale price of $LNEX is $0.0031 and the project has attracted over $3 million of funds from investors.
Lunex allows for the instant trading of more than 50,000 assets across different chains. This cross-chain facility removes the barriers of having different exchanges, hence allowing the traders to expand and have easy control of their portfolios. For users, this feature means convenience and freedom to use a wide range of assets without increased costs.
Unlike many of the platforms that demand users to go through the process of knowing their users, Lunex functions with a no-KYC policy. This means that users are able to trade and manage their wealth with anonymity thus protecting their identity and also being able to join the platform without so much as a hitch. In a way, privacy-sensitive traders will find this a major plus point, which offers freedom and assurance without relinquishing power.
The $LNEX token provides for high staking incentives of up to 18% APY. This gives the users a steady stream of passive income to hold their tokens for the long-term as well as engage in the platform’s ecosystem. Lunex Network is now enjoying increased attention from the public as the presale is ongoing and analysts foresee high rates of growth.
Bitcoin’s rise towards $100k has inspired this bull season for the crypto market. It has created a bullish sentiment for Avalanche (AVAX), Cardano (ADA), and Lunex Network. Analysts predict the price could reach new levels soon, making them the best cryptos to invest in now.
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
