The crypto market experienced a market-wide sell-off fueled by Federal Reserve Chair Jerome Powell’s sentiments regarding U.S. interest rate cut expectations for next year. Bitcoin (BTC) pulled back below $97K after attempting to reclaim the $100K. Altcoins fared much worse, with Solana (SOL) dipping to its weakest price since November 7, nearly paring off its post-election rally, after recording a 26% decrease from its ATH less than a month ago.
Similarly, Toncoin (TON) broke out from a descending resistance trendline but fell again this week, positioning it for a breakdown. Meanwhile, Lunex Network (LNEX) has become the go-to platform for anyone seeking high returns and reliability in the DeFi space. Unlike most DEXs that overpromise and underdeliver, Lunex will solve inherent DeFi challenges, including liquidity, which has drawn investors to its presale.
Can Lunex Network (LNEX) Surge 3x In 2025?
Lunex has quickly gained ground in the broader cryptocurrency market due to its revolutionary features, including complete asset control, high staking rewards, and multi-chain swaps. It introduces a hybrid decentralized exchange (DEX) that connects isolated blockchains, enabling Lunex users to trade over 50,000 crypto assets across 40+ blockchains.
This cross-chain flexibility allows traders to manage several portfolios without switching between platforms, making Lunex emerge as the go-to platform for every DeFi user. In addition to trading, the platform appeals to security-conscious traders. It has eliminated KYC verification requirements and third-party connectivity, reducing the risks of data breaches. Its Lunex Pro feature offers advanced trading tools and perks for high-volume traders.
They include cashback for completed transactions, AML wallet checks, and better staking options, improving their experience on the platform. For the $LNEX token holders, Lunex offers staking rewards where holders can earn as much as 18% APY in passive income for holding their coins for 30 days. So far, Lunex is available in presale at $0.0046. This marks an over 283% from its initial offering of $0.0012. Meanwhile, it has raised over $5.3 million in revenue as investors continue to be bullish about it.
Toncoin Price Creates Lower High
The price of Toncoin (TON) has declined since reaching its yearly high of $8.29 in June. The downturn movement returned its value to the $5 horizontal support area, which has existed since March and fueled multiple bounces. In November, TON crypto bounced off from a descending resistance trendline, indicating the upward movement was over. However, TON’s price created lower highs that pushed its price back to the horizontal support area.
Its technical indicators also align with the bearish sentiment. TON’s relative strength has been decreasing and is below the 50-neutral level. While its price action and indicator readings showcase bearishness, the TON wave count is bullish. Per the count, Toncoin began its fifth and final wave of upward movement in June 2022. The correction ended in September with a bounce around the 0.5 Fibonacci retracement support level at $4.63.
Notably, its bearish alternative indicates that TON’s price is in the four-wave, highlighting the probability of its value declining toward the 0.618 Fibonacci retracement support level. This mixed price movement further validates the breakdown below $5. In this scenario, Toncoin’s price could reach $3.76. However, a breakout could lead to a rally towards the $10.70 level.
SOL Technical Analysis Hint At A Double Digit Correction
Solana (SOL) attempted but failed to breach the $230 resistance level, triggering a 13% decline that pulled the price of Solana below its daily support of $201.85 and 100-day Exponential Moving Average (EMA) at $196. If the bears continue to hold at the $201.85 zone, SOL will likely extend its decline by 10% and potentially retest its immediate support level at $174.85 and 200-day Exponential Moving Average (EMA).
Solana’s Relative Strength Index (RSI) indicator is hovering below the neutral level and points downwards, suggesting a strong bearish momentum. The recent wave of downturn fuelled increased liquidations that removed leverage traders’ positions across the SOL ecosystem. Per CoinGlass data, the recent decline resulted in over $38.86 million being liquidated, with $33.57 million coming from long positions.
Another factor suggesting a bearish outlook for SOL price is a sharp decline in its Total Value Locked (TVL). Per DefiLIama data, Solana TVL has declined from 11.22 billion to $10.35 billion, a 7% dip in 24 hours. While technical indicators and on-chain metrics suggest a bearish outlook, this scenario will be invalidated if the SOL price recovers and closes above the $201.8 resistance level. This recovery could lead to a surge towards the $230 resistance level.
What May Come For LNEX, SOL & TON?
While LNEX, TON, and SOL could see big price gains soon, analysts have shifted their focus to one, Lunex Network. This fast-selling presale star has a smaller market cap than its peers, so it could require less funds to trigger a double-fold price increase. As a result, experts hint that LNEX is positioned to become the next 3x DeFi in 2025.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork