The market recovery has generated bullish anticipation among ETH holders as the top altcoin aims to challenge the 100% Fibonacci level at $4,093. The token has created the third consecutive positive candle on its daily timeframe. Similarly, the BNB coin has already tested its 2021 all-time high, as the market shows signs of a significant shift.
On the other hand, Lunex Network (LNEX) is taking the lead on the gainers chart. Its value has risen by over 283% in the past few weeks. Experts believe more rallies are on the cards for this new DeFi coin, suggesting it could increase by 10x in the coming months. Let’s uncover how these three altcoins will perform next year.
Lunex’s Interoperability Appeals To Crypto Traders
Lunex Network has quickly gained ground in the broader crypto market due to its cross-chain functionality and impressive presale performance. The project introduces revolutionary non-custodial DEX for smooth token swaps. The goal is to enhance the trading experience without the restrictions of a centralized exchange. Traders remain anonymous while enjoying low fees and high speed.
Moreover, Lunex users will not require KYC verifications and third-party connectivity, minimizing data breaches. It has also reduced barriers to entry into the cryptocurrency realm, which makes crypto trading more attractive for security-conscious traders. Its standout Lunex Pro has advanced tools and perks suited for high-volume portfolios, including cashback on every trade, wallet address AML checks, and live market analysts.
Meanwhile, its native token, LNEX, will play a critical role in its ecosystem. Early adopters can maximize their passive income by staking their tokens for as much as 18% APY. Once the presale wraps up, Lunex holders will continue to generate more passive income through the platform’s revenue share model. So far, Lunex is available in presale at $0.0046, a discount from its launch price of $0.0216. Therefore, now is the optimal time to join the Lunex Network community.
Ethereum Cross To $4,000 Teases New Breakout Rally
Amid broad market recovery, Ethereum’s price has seen remarkable growth and presents a possibility of a new breakout rally. The top altcoin has increased bullish momentum and supports the falling channel breakout rally, boosting the underlying sentiment. Its 100-day and 200-day simple moving average lines are on the verge of a bullish crossover.
Additionally, the MACD and signal line have also regained positive alignment. Its technical indicators suggest the ETH price is on track for a 52-week high. Based on its Fib levels, a 52-week high could result in bullish momentum that could push the price of ETH towards the 1.618 Fibonacci level at $5,316. However, the ETH coin could face a hurdle at $4,631 or at the 1.272 Fibonacci level and will likely act as a pit stop.
Conversely, a bearish reversal could retrace its price and potentially end 2024 at $3,600. Additionally, the ETH price has also hovered in a rising channel pattern in the 4-hour chart. Reclaiming the $4K psychological level could push the token closer to the R1 pivot level at $4.137. Bouncing off from the 50 SMA line, the recovery run limits the chances of a bearish crossover between 50-day and 100-day SMA lines.
BNB Bulls Regain Momentum
After navigating through volatile price swings, Binance coin has demonstrated its resilience. The token has reclaimed the $715 level as the bullish momentum gathers steam. A breach above this level has set the stage for a recovery, reigniting optimism in the market. This zone, which previously acted as a resistance, is a foundation for the bull to build upon as they target the $800 level.
The breakout indicates a shift in market sentiment, with heightened buying pressure and substantial trading volumes supporting the upward trajectory. The BNB price performance comes when the broader market showcases signs of strength, further boosting the momentum behind the BNB rally. Notably, if the bullish momentum is sustained, the BNB price could consolidate above the $724 level while maintaining upward pressure.
Its technical indicators, like the Relative Strength Index (RSI), confirm this bullish momentum. BNB’s RSI has risen into positive territory, suggesting that BNB bulls still assert control in the market, and more upward movement is likely to occur. The $800 level remains critical for BNB, representing both a psychological barrier and a key technical challenge.
Three Bullish Altcoins In December
While BNB and ETH aim for a breakout rally above $800 and $5,000, respectively, Lunex Network could record more gains in the coming weeks. Analysts believe its utility and connection to the DeFi market could fuel more rallies to new highs. They also expect its price to rise 10x in the coming months and 20x after it’s listed on top exchanges.
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