The Ethereum price retreated to around $3,058 on November 18 from a month-high of $3,445. This retreat means the ETH token has moved into a local technical correction after falling by over 10% from its highest level this month. However, despite the dip, Ethereum still has a bullish outlook and is set to rebound soon.
On the other hand, Sui has been one of the top-performing crypto tokens, with a weekly surge of over 17%. The SUI price has also managed to record new highs as a new presale gem known as Lunex Network continues to attract major investors with an over 158% surge.
Lunex Network continues to capture investor attention with its innovative DeFi protocol, emphasizing trading efficiency and cross-chain compatibility. The project aims to deliver institutional-grade liquidity, offering fast yet effective trade execution while maintaining decentralization principles.
Moreover, its aggregator protocol pools liquidity along multiple exchanges, ensuring users can access the best possible rates. The Lunex Network non-custodial platform ensures trades keep complete ownership of their money. The platform has also eliminated the rigid KYC requirements commonly associated with most platforms.
In its presale stages, Lunex Network has already raised over $2.95M in presale revenue. Moreover, the LNEX price has already hit the $0.0031 mark, with the potential for further gains owing to the project’s unique DeFi features.
The Ethereum price has dipped while its spot ETFs have experienced outflows for two consecutive days. On Friday, these outflows stood at $59.8M, an increase from $3.24M a day earlier. Altogether, these ETFs have achieved inflows worth over $139M.
Despite the ETH price dip, analysts are still optimistic that Ethereum is about to bounce back in the longer term. According to Wolf, Ethereum’s price is set to jump to the $10K mark in the long term, representing an over 226% surge from its current level. Ethereum’s price is about to form the golden cross pattern, with the 50 and 200-EMA forming a bullish crossover.
Moreover, the ETH token sell-off is also starting to lose momentum at the 50% Fibonacci Retracement level. This means there is a high likelihood that Ethereum will bounce back in the coming weeks. If an ETH price rebound happens, it could target the $3,447 mark, its highest level for this month. A break past this level will set the pace for higher gains, including the $3,972, as it aims for the $10K mark in the long term.
Sui has been recording significant price movement. The Sui price surged by over 78% in one month, and the trade was between $3.2 and $3.7. However, the coin is approaching a resistance level at $4. If the Sui price rises above this resistance level, its next target will be the $5 mark.
However, if the price of SUI falls, its nearest support will be at the $1.3 region. Sui’s average price over the past 10 and 100 days has been around $3.2, representing an upward trend. Moreover, Sui’s technical indicators, including the RSI at 79 and 50 and the 100-day SMA, also point out a continued bullish trend.
This uptrend in Sui’s price performance has also attracted praise from analysts. According to Michael van de Poppe, Sui is one of the top tokens to watch, reinforcing the hype surrounding its price trajectory.
As the year ends, Lunex Network has stood out as one of the best-performing presale gems. The project’s significant milestones, including an over 158% surge and over $2.95M raised in presale, showcase its impact within the crypto market. Moreover, its unique features have also made it stand out from the rest of the cryptos.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!
Website: Lunex Network
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