Open interest in Solana futures surged, pointing out the growing confidence in the market. Trading volume in Solana’s future contract also serves as a better investor reference framework. Solana has already recorded an increase in daily trading volume by over 33% despite its weekly price dipping by 7%. Kaspa (KAS) has also experienced a dipping trend, with a monthly dip of over 27%.
But, it has received increasing attention from investors following its volatility at a crucial price level. On the other hand, Lunex Network (LNEX) is turning out to be the best DeFi project. The project has already raised over $1.9 Million in its presale stages owing to its unique features and a recently concluded audit by SolidProof.
Lunex Network DeFi Features Set to Push Its Price Higher In November
Lunex Network is a Web3 decentralized exchange platform backed by tremendous potential. The project leverages advanced cryptographic approaches to offer seamless cross-chain transactions. Lunex Network supports over 50,000 trading assets across different blockchains. This feature has made Lunex Network a popular presale project attracting DeFi traders across the globe.
Lunex Network also operates non-custodial, making it an extremely secure platform. The project offers a revenue-sharing model, allowing LNEX holders to get a slice of the generated profits. Moreover, those who hold Lunex Network for just 30 days will earn up to 18% APY in passive income.
Just in its presale stages, the LNEX token has recorded over 58% surge to trade at $0.0019 from its starting price of just $0.0012. Its ongoing giveaway of $500K is also set to drive immense engagement, which could lead to high demand and possibly push its price even higher in November.
Solana Price Prediction: Is The $200 Level Near?
The Solana price remains in a consolidation phase, which reflects the current crypto market’s sluggish momentum. Despite its robust surge over the past month, SOL price performance has moved sideways, but investors still anticipate it could hit the $200 mark.
According to an analyst, Solana seems ready for a breakout, particularly if the BTC price surpasses its ATH. This anticipated shift might ignite bullish trends, propelling the SOL token into a new growth phase within the crypto market. The Solana price, which trades around the $163 mark, recorded a notable surge of over 12% in the past month. A breakout from its double-bottom pattern also saw Solana hit the $180 mark.
Technical indicators such as the RSI, which is at 51, support bullish momentum backed by SOL’s 30-day SMA, which is at $160.9. The Awesome Oscillator also shows a recent shift towards green bars, suggesting growing momentum. With key resistance within the $170 mark, a move above this level will drive further gains while fueling optimism among investors amid the current market volatility.
Kaspa Price Fluctuation Signals A Potential Bullish Momentum to Over $0.12
Trading at around the $0.108 Kaspa price has been experiencing sharp fluctuations, trading within the $01 and $0.2, prompting technical analysis of potential price movements. However, the coming day might be volatile for Kaspa as its technical indicator and key support levels suggest a potential bullish reversal.
Kaspa’s price has been trading on a downtrend, residing just above its lower Bollinger Band. This position is below the 20-day SMA of $0.121, which suggests that the KAS token is still in a bear market. Its RSI also supports a bearish outlook at 33, slightly above the oversold region. However, if the price of Kaspa manages to overcome its 20-day SMA, an upward reversal pattern is likely to occur, targeting the $0.12 level.
The $0.11 and $0.12 resistance zones remain a key barrier. Breaking this resistance might boost investor confidence, leading to a stronger upward trend. If the KAS price fails to breach this level, it could lead to a pullback and consolidate further. However, according to CryptoMocro, there is an increasing belief that Kaspa’s price performance might significantly surge and enter the top 10, supported by upcoming project advancements.
Can Lunex Network Mirror Solana and Kaspa Price Performance?
Despite the recent dips in the crypto market, Solana and Kaspa have showcased impressive market resilience, with YTD of over 296% and 97%, respectively. Lunex Network aims to mirror this performance and record impressive gains throughout its presale, backed by its token scarcity of just 8B.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
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