ADA Price Prediction: Will LINK Upside Momentum Propel It Past Key Resistance? As LNEX Presale On Path to $6M
Cardano has witnessed an impressive rally, trading above the $1 region while forming a symmetrical triangle on its daily chart.
Cardano has witnessed an impressive rally, trading above the $1 region while forming a symmetrical triangle on its daily chart. This pattern suggests a potential bullish breakout in the coming days. ADA price trades close to the lower support level, with key support at around $0.9168. This setup points to a powerful buying setup for investors looking to take the upside.
Chainlink (LINK) is also making waves within the crypto market owing to its remarkable bullish run. Hovering around the $28 region, its weekly performance is up by over 25%. This surge has been backed by solid market drivers and massive ecosystem developments. Similarly, Lunex Network's impressive presale continues to grab investors' attention. The project has already raised more than $5.2M and is eyeing the $6M target before the year ends.
Lunex Network Hits $5.2M Milestone Backed By Its Unique DeFi Features
The explosion of Bitcoin and Ethereum spot ETFs seems to have ushered a fresh inflow of funds into the crypto market. The two cryptos have bolstered crypto adoption, drawing attention to emerging projects like Lunex Network.
Lunex Network is a new crypto presale that powers a hybrid exchange. It promises to revolutionize digital asset swapping. Its interoperability will ensure that anyone can swap or exchange crypto tokens across 40-plus blockchain networks, something uncommon within the crypto space.
Simply put, Lunex Network will revolutionize the DeFi landscape. The LNEX presale is just a few months old and has already amassed over $5.2M. Its unique features have also led to an over 283% rally. The LNEX token is currently at $0.0046 from its initial starting price of $0.0012.
Cardano Price Analysis: How High Will ADA Price After $1 Milestone?
The broader crypto market recovery seems to be drawing in a new wave of investment. Following Cardano’s breakout to its crucial $1 supply, the ADA price appears to have upside momentum. The projected target for another breakout is $1.4594, $1.7574, and $2.0387.
These targets also represent potential gains of 37.7%, 65.9%, and 92.5% from today's Cardano price. The ADA price appears primed for a significant rally as its key on-chain indicators point to reduced selling pressure. Cardano’s Network realized loss/profits chart indicates a profit-taking phase within the first weeks of December, triggering selling pressure at the local price peak.
However, the spike has reduced, signaling that short-term sellers have exited. If such a trend continues, Cardano’s price movement could gain upward momentum as traders capitalize on the easing market dynamics. Cardano’s price is hovering around $1, with the MACD line crossing below the signal line, suggesting a short-term bearish sentiment.
Chainlink’s Uptrend Momentum to Continue
Chainlink has been gaining attention from institutional investors, which points to the high demand for the LINK token in the crypto market. A good example is Grayscale’s decision to open the Chainlink Trust to accredited investors. The trust has a net value per share of $111.91 and a total assets investment worth $30.47M.
Additionally, as the project's confidence grows, 42M from World Liberty Financial has been invested in LINK. According to Altcoin Buzz, such advances make Chainlink a strategic contender in the blockchain market. Chainlink is a good example of ongoing technical and commercial dominance to some extent.
According to Michael van de Poppe, Chainlink seems to have made significant progress, which has attracted massive investor attention. Chainlink resistance is $29.954, aligning with the 0.786 Fibonacci retracement level. Its long-term resistance at the $28 region is also essential in driving high-order momentum. The RSI at 67 also points to a bullish continuation in the price of Chainlink.
Will Lunex Network Mirror Cardano’s Price Movement to $1?
Like Cardano, Lunex Network is looking to hit the $1 mark in 2025. Such a move will mark a significant milestone in the project's success. Backed by a hybrid DeFi feature, a unique sharing revenue model, and the potential of a tier-1 exchange listing, this could be possible sooner than expected.
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