Dogecoin (DOGE) has been navigating a tight trading range since its impressive 200% pump, leaving many investors on edge. However, according to Charting Guy, there is no reason for concern. The popular meme coin is expected to surge to a new all-time high (ATH) after a breakout, providing a promising outlook for those invested in the cryptocurrency.
Similarly, Shiba Inu (SHIB) is displaying a bullish technical pattern known as the cup and handle, which has analysts like CryptooELITES predicting a significant rally. Meanwhile, Lunex Network (LNEX) is emerging as a top contender in the crypto market, with potential gains that could see it rally to $1.
Dogecoin (DOGE) to Break Consolidation and Pump to New ATH
Over the past few weeks, Dogecoin (DOGE) has seen a meteoric 400% price increase, peaking at $0.4700 according to CoinMarketCap. Despite this, DOGE has been in a month-long consolidation phase, moving sideways in a narrow channel. Solberg Invest describes this recent correction as a “healthy retest,” indicating that Dogecoin is gearing up for its next major move.
Charting Guy predicts that DOGE’s consolidation phase will end within the next 10 days. He believes that this is one of the last opportunities for investors to purchase DOGE at its current price range before it breaks out and potentially reaches a new ATH, with $1 being a realistic target.
Shiba Inu (SHIB) Forms Cup and Handle Pattern, Parabolic Rally Incoming
Shiba Inu (SHIB), like many other meme coins, experienced a sharp decline during the recent market correction. However, after retesting the $0.00002400 support level, SHIB has rebounded strongly, climbing back above $0.00002800. This positive price action is supported by CoinMarketCap data and has analysts optimistic about its future performance.
Astekz, a well-known crypto analyst, shared a chart showing SHIB forming a cup and handle pattern, a bullish indicator that suggests potential for significant gains. CryptoELITES has also confirmed this pattern, setting sequential price targets for SHIB, with the highest being $0.000472905. As Bitcoin’s dominance decreases, SHIB could see a parabolic rise, making it a noteworthy asset for investors.
Lunex Network (LNEX): A Rising Star in the Crypto Market
Lunex Network (LNEX) has stood out during the recent crypto market correction, recording a staggering 283% increase from $0.0012 to $0.0046. Its success is attributed to its user-friendly trading platform and advanced technology. Unlike traditional exchanges, Lunex Network uses a liquidity pool model, ensuring faster, smoother, and cheaper trades.
The platform supports cross-chain interoperability, connecting over 40 blockchains for seamless trading and token swaps. Additionally, Lunex Network offers a high yield staking program with an annual percentage yield (APY) of up to 18%, attracting significant investor interest. With its ICO raising over $5.2 million, analysts are confident that LNEX can reach $0.50 in the current bull cycle.
In Conclusion
Price corrections are a natural part of every bull market, and Dogecoin and Shiba Inu appear poised for substantial gains in the coming weeks. As they rebound, Lunex Network presents an attractive option for portfolio diversification, with its innovative features and promising growth prospects. Investors should keep a close eye on these cryptocurrencies as they navigate the next phase of the market.
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