After facing increasing bearish pressure, Bonk’s price has recovered and reclaimed its title as Solana’s largest meme coin. Recent positive sentiment has pushed its price to $0.00005269, but it has dipped slightly near $0.000047. On the other hand, Solana has maintained its fourth position in the broader crypto market with over 40% growth month-on-month.
Adding a new dynamic to the mix is Lunex Network (LNEX), a fast-selling pre-sale star that aims to reimagine crypto trading as we know it. The project is a cross-chain exchange that solves some of DeFi’s biggest problems, including liquidity and price optimization. Lunex is currently selling for a low price of $0.0033, representing a 175% return on investment from its initial offering of $0.0012.
Lunex Presale Raises Over $3.7M in Revenue
With a growing user base and a system designed to provide real passive income, Lunex is becoming the go-to platform for investors looking for reliability and high yield in the DeFi space. Its advanced blockchain technology enables over 50,000 seamless crypto swaps across 40 blockchains with lower fees.
Outside of its trading platform, Lunex offers real passive income to its users. Early adopters can maximize their passive income during the presale, where they stake their LNEX tokens at 18% annual interest. This feature has attracted savvy investors to the presale, which has already raised over $3.7 million. After the presale campaigns end and the LNEX token goes on sale, holders will continue to earn income through a revenue-sharing model.
This feature promotes long-term retention by creating a network-dependent ecosystem. Even more interesting is the Lunex Pro feature, which offers live market data, faster execution speeds, and customized trading strategies. These advanced tools have attracted high-volume traders who require high speed and precision in portfolio management and strategy execution.
Bonk price regains momentum
Amid a strong breakout by the meme coin, Bonk price has regained its bullish momentum after losing some ground in the past few days. The fresh rally has pushed Bonk price to $0.000054, a remarkable 123% gain in the last month.
Along with this, its market cap also saw significant growth, overtaking Dogwifhat (WIF) as the dominant meme coin on the Solana blockchain. Bonk’s market cap reached $4.15 billion, up 11% and firmly cementing its status as the market leader. However, it fell slightly short of the $3.57 billion mark. Notably, the meme coin’s breakout is firmly trapped within a bull flag pattern.
This suggests that there is more than one breakout rally ahead . However, for the next uptrend to be confirmed , Bonk price needs to register strong bullish momentum. Technical indicators highlight that Bonk price is targeting the $0.000050 resistance level. A breakout of this point could trigger new rallies that would push the price towards the $0.00006247 resistance range.
SOL Price Hints at Bearish Reversal
Meanwhile, Solana price continues to rise as technical indicators show mixed price sentiment due to increased volatility. The altcoin has gained 40% in the last month. It could push the price towards $300 if it maintains its current bullish momentum. Additionally, Solana is trading at around 6.53% from its ATH.
Solana’s (SOL) Simple Moving Average (SMA ) is acting as resistance on the daily time frame, indicating that bearish sentiment is on the rise. The Moving Average Convergence Divergence (MACD) is showing a steady rise on the red histogram as its averages are crossing into a bearish crossover. This further suggests that Solana token may witness a bearish outlook in the coming month.
If SOL bulls take control of the market, the token may retest the $250 resistance level. Holding the price above this level may set the stage for a new parabolic move to the upper high of $300. However, if a bearish reversal occurs, the Solana token may retest the $210 low. Any additional selling pressure may push the token down to the lower support level around $181.
Three Altcoins to Watch in December
While Solana and Bonk prices continue to move through volatile markets, the Lunex presale has seen increasing accumulation. With a growing community and a successful presale, Lunex has become a strong contender in DeFi.
Discover the exciting Lunex Network (LNEX) presale opportunities today!
Website: Lunex Network
Social Media: Join the Growing Lunex Community
