Stellar (XLM) has recorded a weekly dip of over 10%. This decline is part of the ongoing meltdown within the crypto market. However, despite the dip, Stellar still has some potential bullish catalysts that could push its price high in the long term.
Tron has also entered an accumulation phase after hitting a new all-time high. Despite being among the strongest performers in 2024, Tron’s price has succumbed to selling pressure, which saw the token pull back to the $0.25 region with a weekly dip of over 25%. Lunex Network has recorded a surge of over 283% to hit the $0.0046 region. This significant move has also seen the Lunex Network presale raise more than $5.2 million in revenue as more investors cash in.
Lunex Network, Unique DeFi Features, Pushes It To New Highs
Lunex Network is gaining traction within the crypto space. It has already given early investors an over 283% ROI. The impressive surge in Lunex Network price has been attributed to its staking rewards. Staking the LNEX tokens for 30 days allows one to enjoy an 18% APY in passive income.
Moreover, it has also removed the KYC requirement, providing a flawless trading experience free from third-party wallet connections, including Trust Wallet and MetaMask. Owing to its unique focus on user anonymity and perfect cross-chain capabilities, Lunex Network is the perfect platform for high-volume investors and casual traders looking for a private yet safe trading environment.
Lunex Network is also opening a path for a more flexible and easy trading experience. The platform will allow access to more than 50,000 coins across 40+ blockchains. Developers can enjoy over 65 RPC nodes, which is sitting well with many investors, pushing the LNEX price to $0.0046.
Stellar Price Suffers a Reversal as Bullish Momentum Fades
Stellar’s price movement has suffered a bearish reversal, with the token trading within the $0.40 region. However, this will change in the long term for several reasons. First, the Trump administration could be more favorable to the crypto market. In a statement, Eric Trump noted that his father is committed to making the US the crypto base of the world. He has already nominated Paul Atkins as the next SEC chair.
Secondly, there has been a growing anticipation of a spot XLM ETF in 2025, which might attract significant inflows from institutional investors. Additionally, more developers are adopting the Stellar blockchain, with its total value locked in the DeFi network rising to 47M. However, the daily chart suggests Stellar’s price has suffered a significant reversal, as previously predicted.
This pullback in Stellar’s price followed the formation of a near-double pattern at $0.60, a well-known bearish indicator. The dip is partly attributed to the token entering the markdown phase of a Wyckoff Method. If XLM’s price dip continues, the potential level to look out for is $0.29, corresponding to the 61.8 retracement point. However, the long-term price momentum for Stellar looks positive as it eyes the $1 region.
Tron Price Enters An Accumulation Phase After ATH
Tron’s price has seen significant gains over the year, with new highs. However, its recent price movement has shifted to the bearish side, having entered an accumulation phase. According to Evan Luthra, a crypto analyst, he points out that Tron is currently retesting a breakout level. A successful rebound from Tron’s support might see it overcome new heights, the first major target being the $0.65 region, which might pave the way for a $1 target.
Tron’s market cap has surged to hit the over $23B milestone as it hovers around the $0.25 region. Technical indicators, including the relative index strength at 55, suggest an upward momentum that could see the token reclaim lost support regions, such as the $0.30 region.
The 100—and 200-day simple moving averages also point to a bullish long-term outlook that might see Tron price movement eye the $0.65 region. Tron’s network also supports a variety of dApps and smart contracts, reinforcing its position as a preferred blockchain for developers. This could also build its surging momentum in the coming days.
Lunex Network Surges to $0.0046
Lunex Network continues to record new price milestones while attracting more investors to its presale. Unlike Stellar and Tron, which have seen a bearish outlook, Lunex Network has been making waves as the next presale gem, backed by unique DeFi features and a revenue-sharing model.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
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