Pepe coin recorded a surge as investors bought into the recent dip. This rally was supported by the Santa Claus rally, which saw the BTC price hit $98,000 as the crypto fear and greed index approached the greed zone. This recent rally has seen Pepe’s price movement hit an over 12% weekly surge to trade above its $0.00001713 support region, the question being if it can hold.
Despite the festive season, scammers don’t have off days and are always looking for new victims—the crypto market is a significant target. Owing to this, Shiba Inu Trustwatch alerted its community to be extra cautious. This alert comes as the SHIB token has recorded a weekly surge of over 9% following the recent meme coin Santa Claus rally. Lunex Network, on the other hand, is eyeing another rally that could see it surpass the current 300% surge.
Lunex Network Eyes A New Rally In Bullish Cycle
Lunex Network seeks to capitalize on the ever-growing DeFi market with unique features like complete asset control, high staking rewards, and multi-chain swaps. These exciting features have already seen the LNEX token record impressive gains to hit the $0.0049 price mark. This price will also surge soon with a presale funding of over $5.5M.
Moreover, Lunex Network has also eliminated the KYC policy, making it the best platform for users looking to enjoy complete anonymity. Another unique feature of the Lunex Network is its cross-chain compatibility, allowing users to trade over 50,000 assets across 40+ blockchains. The cross-chain flexibility will enable users to manage different portfolios without switching between platforms.
This move makes Lunex Network a go-to platform for DeFi users. Its staking service has also stood out, with LNEX token holders set to enjoy up to 18% APY for holding their tokens for 30 days. Such capabilities have already made Lunex Network stand out with an over 300% surge from its starting price of $0.0012.
Pepe Coin Price Analysis; Can the Recent Surge Hold?
The daily chart for Pepe price performance shows that the meme coin price peaked at $0.00002830 earlier this month but later suffered a harsh reversal. It dropped below its crucial support level of $0.00001713, as the upper side of the cup and handle pattern formed between May and November.
However, Pepe has remained above the 100-day SMA and is looking to flip the 50-day SMA. Despite the recent Santa Claus rally, a complete bullish breakout can only be confirmed once the price of Pepe surges past its physiological point of $0.000025. Moreover, according to IntoTheBlock data, its active address ratio seems to have dropped to its lowest in over a month.
The RSI at 43 points to a neutral outlook with the possibility of either a break or a dip. As the price of Pepe continues to enjoy the Christmas rally hovering around the $0.000018 region, it could be early to rule out the Pepe price crash, as the recent rebound might be a dead cat bounce. It could also be forming a dipping flag chart pattern, a popular downtrend continuation signal.
Shiba Inu Price Prediction: Is SHIB on The Verge of Breakout?
As Shiba Inu warns its community against scammers and the general market witnesses signs of recovery following recent corrections, the SHIB token surge has pushed it closer to a key breakout level, which might signal more gains. Trading above the $0.000021 region, Shiba Inu price movement has been nearing a critical resistance level, defined by its upper boundary of a falling wedge pattern and horizontal resistance zone.
The SHIB token has consolidated within its wedge for weeks, with the recent rally hinting at an imminent breakout. If the price of Shiba Inu manages to break above the wedge’s resistance and surpass $0.0000242, it might trigger a significant rally toward $0.0000348.
On the downside, a dip could see Shiba Inu’s price retest lower support levels, including $0.0000209. Technical indicators are still neutral, with the RSI at 40. The 100—and 200-day SMAs support bullish momentum while acting as immediate support in case of a bearish reversal.
Top Crypto Investment for January: PEPE, SHIB, and LNEX
As the Christmas rally continues to favor meme coins like Pepe and Shiba Inu, which have seen impressive rallies, a new presale gem has also captured the attention of investors. Lunex Network has stood out with its 300% ROI for early investors, and the number is set to surge in January 2025. This surge has been attributed to Lunex’s unique features within the DeFi space.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
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