Shiba Inu (SHIB) stock has had a positive start to November, breaking out of several resistance zones to hit a 229-day high on November 12. The weekly time frame shows upward momentum along an ascending support trendline that has been in place since June 2023. On the other hand, the shorter-term 12-hour Bonk chart suggests that the November rally is completely parabolic.

Meanwhile, Lunex Network is setting new records as its explosive pre-sale momentum gathers momentum. The project has accumulated over $3.8 million and is up 210% to $0.0033, with holders anticipating another price increase to $0.0038. Driving this bullish momentum is an aggregation protocol and a system designed to provide real passive income.

Expected Lunex Price Surge Attracts Whale Investments

Lunex Network continues to gain momentum as the next big DeFi exchange thanks to its revolutionary features that solve some of DeFi’s biggest problems. The project is an exchange platform that connects isolated blockchains. A smart contract verifies transactions for accuracy, allowing Lunex users to store, exchange, and manage over 50,000 cryptocurrency pairs across 40 chains.

Additionally, the Lunex presale offers exciting opportunities to earn maximum passive income. LNEX holders can stake their tokens at 18% per annum for 30 days. After the presale is over and the LNEX token is launched for sale, holders will continue to earn passive income through a revenue sharing model. This system will use a portion of its revenue to purchase LNEX tokens on the open market and redistribute them to those who staked their tokens.

With the Lunex presale moving quickly, analysts are predicting a 1800% price increase by the end of the presale. Lunex Network is currently available at $0.0033, and holders are expecting another price increase to $0.0038.

Shiba Inu Price Rally Slows

In early November, Shiba Inu broke out of the descending resistance line and returned to the horizontal resistance area of ​​$0.0000200. Since this trend line formed at the yearly high, the breakout may signal the end of the correction phase. During the recent rally, SHIB price soared to $0.0000304 before declining to trade between the $0.0000200 and $0.0000335 range.

The technical structure of the chain is consistent with bullish momentum. The SHIB relative strength index and the moving average convergence divergence indicator (MACD) are rising. The RSI is above the neutral zone at 50, and the MACD is at 0, which is often a positive sign. SHIB price may eventually break out and register new highs. The daily time frame suggests that the meme coin may experience a short-term decline to find a local bottom.

Notably, the bearish SHIB price outlook is supported by the completion of the first wave in a five-wave upward move. The current correction is likely to be the second wave. According to this calculation, the Shiba Inu price has completed sub-wave C in the correction, which may end at the 0.5 Fibonacci retracement support level around $0.0000204. This price action and technical indicators support the downward move.

BONK price targets — $0.000075 level

After breaking out of a long-term symmetrical triangle, Bonk price formed a candlestick that broke through the horizontal resistance zone of $0.000034 that had been forming since March. This was the last resistance zone before reaching an all-time high. The breakout took BONK price to a new all-time high of $0.000060 on November 19. Notably, the short-term 12-hour chart shows that Bonk price growth in November was completely parabolic.

According to the wave chart, Bonk token is in the third wave of a five-wave upward movement. The calculated wave three has lengthened and is 3.61 times longer than wave one. If its length continues to increase, it could push the price of Bonk to $0.000075, which would give the third wave a length of 4.61 times longer than wave one.

However, the 12-hour RSI has formed a bearish divergence, indicating a local top. This, coupled with the extension of the third wave, suggests that the BONK meme coin may soon undergo a correction. This correction may push the token to the 0.382-0.5 Fibonacci support level between $0.000039 and $0.000045. This does not mean the end of the upward movement, but is a temporary correction of the fourth wave before the bullish momentum resumes.

Lunex Network Could Soar Higher

While Bonk and Shiba Inu prices are experiencing a short-term correction, Lunex Network is emerging as the best crypto alternative. The token has already increased in price by more than 210% , and its holders are expecting another price increase to $0.0038.

More information about Lunex Network (LNEX) can be found here:

Website: https://lunexnetwork.com

Social networks: https://linktr.ee/lunexnetwork