Solana retests $180, Ripple holds $0.5; analysts forecasts 10x surge for Lunex Network

Solana gains over 35% in 60 days, testing $180 resistance, outpacing XRP. Analysts predict Lunex Network could rise by 10x.

In the last few weeks, Solana (SOL) has been one of the biggest gainers. SOL has gained over 35% in the last 60 days, leaving behind other top crypto coins like Ripple (XRP) behind. The altcoin also tested the $180 resistance level for the first time in three months.

Meanwhile, XRP has managed to hold the $0.50 support and is actually showing little signs of rising in the next few days. However, analysts are positive that the breakout DeFi crypto of the Lunex Network, LNEX could skyrocket by 10x.

Solana price plunges after testing $180

Solana is among the top gainers in the crypto market currently. The price of the altcoin has increased by 15% on the biweekly chart and 12% on the monthly level on CoinMarketCap. Besides, the Solana coin shocked the crypto community lately when it soared past the $180 mark. 

Solana traded around the $180 resistance three months ago. The Solana price has dropped to the $170 level, but technical indicators are still bullish. The VWMA (10) and Hull Moving Average (9) are in the buying territory and support an uptrend. 

ZAYK Charts forecast the value of the Solana crypto could rally to $360 in the future. Crypto Boss has predicted that the price rally could take SOL as high as $400 for a new ATH.

Lunex Network could soar by 10x soon

Over the last month, Lunex Network has been one of the most impressive altcoins, rallying by more than 58% to hit its current price of $0.0019. While in the fifth stage of its cryptocurrency ICO, the project has also raised over $1.63 million. Analysts forecast the value of the LNEX token might rally by 10x soon. 

Lunex Network is an upcoming DeFi project where users have an opportunity to swap thousands of tokens across blockchains. Besides, it is simple to buy or sell a pair of digital currencies and even exchange them at a low fee.

This feature makes Lunex Network different from some of the favorite platforms like Uniswap. Lunex also has an exciting structure that provides a certain percentage of the fees received on the platform as rewards to investors who hold the LNEX token. 

Under the swap-in feature, Lunex charges a certain amount of fees from customers, and out of weekly profit, money is shared with LNEX token stakers. Those who stake can get as much as 18% APY. LNEX token holders could potentially earn huge profits on the asset in the long run. This could be appealing to those seeking a passive source of income.

Ripple defends the key support level at $0.500

The Ripple has shown a downward progression at the beginning of October but with the help of present bulls, the support level of $0.5 has been maintained. Currently, the Ripple price has been trading sideways in the $0.50-$0.58 zone in the weekly chart on CoinMarketCap. 

The consolidation could mean Ripple crypto is preparing for a major breakout. The token’s Hull Moving Average (9) and VWMA (10) are displaying buy signals, a positive sign that bulls are moving to the front of the market. 

In the case of a price rally, we could see a potential rise to $0.734 in the short term. However, a price drop could push the value of the Ripple coin to $0.466. Analysts like Oscar Ramos believe a crypto boom is coming and see XRP rising to $1 before the year ends.

In conclusion

While Solana looks very bullish, the technical indicators of XRP remain inconclusive. However, analysts forecast that it is the new DeFi coin, Lunex Network, that could lead the market with a potential 10x rally in the coming months. Such potential makes it a potentially good crypto to buy.

For more information, visit the Lunex Network official website and join the online community for the latest updates.