#Binance #Btc! Bullish Crypto News: SHIB Key Whale Metrics Turn Green, LNEX and BNB Target $744 Level in Coming DeFi Breakout
The price of Shiba Inu remains above the $0.00003 level, indicating that buyers are willing to purchase SHIB tokens at this price level. The bullish outlook has kept the SHIB token bullish. On the other hand, the BNB coin jumped to an ATH of $793 but has retreated below the $730 level. This breakout shows the potential of the token to record exponential growth.
Lunex Network (LNEX) is also emerging as the go-to platform for anyone looking for high yields and reliability in the DeFi space. Its prominent cross-chain functionality has attracted the attention of investors and traders, powering its presale to raise over $4.8 million. This milestone serves as a testament to Lunex’s growing demand.
Lunex Network Combines Privacy, Efficiency and Advanced Tools
The Lunex Network (LNEX) has become a hot topic in DeFi due to its cross-chain interoperability and lower transaction fees. The new DEX protocol supports trading on over 40 blockchains through advanced smart contract technology. Lunex users can trade over 50,000 crypto assets without a third-party wallet connection, a move to minimize the risks associated with such connections.
Another notable feature is its low trading fees. Unlike traditional exchanges with higher fees, Lunex encourages cost-effective trading, making it an ideal platform for frequent and micro traders. This low fee structure has encouraged agile investment strategies without the burden of excessive costs. The platform offers a premium subscription service called Lunex Pro for advanced traders. It features advanced tools such as live data analytics, fast trade execution, and customizable trading strategies.
These features allow traders to make accurate trades with less slippage. Meanwhile, Lunex is built around its native token $LNEX, designed for long-term growth and durability. Lunex is currently in presale and is selling at $0.0038. With a growing community and successful presale, Lunex Network could become a major player in DeFi.
Shiba Inu Key Whale Metrics Turn Bullish
The Shiba Inu meme coin has been performing incredibly well and has maintained its gains above the $0.00003 level. This suggests that SHIB buyers are willing to buy the meme coin at current levels or sellers are not willing to sell at the current price level. Meanwhile, on-chain data highlights that the SHIB ecosystem appears healthy.
According to IntoTheBlock, the net flow of Shiba Inu tokens entering the wallets of large holders increased by 106.3% on Dec. 8, reaching 708.93 billion tokens. Moreover, the net amount of Shiba Inu tokens held by holders of less than 0.1% of the circulating supply has reached over 1.136 trillion SHIB, worth $34.08 million.
Shiba Inu is facing resistance on its way to new highs. Its last attempt to break the $0.000033 level ended in a pullback. It will take more than just short-term enthusiasm to continue the uptrend. Shiba Inu price could test a higher level and push towards $0.000035 or higher. If it fails to sustain the $0.000030 level, it could decline below the $0.000027 level and spark a further correction.
BNB Bulls Target $744 Level
Like most crypto assets, BNB bulls took control of the market last week and pushed the token’s price to a double-digit increase. However, the bullish trend could not be sustained as the BNB coin entered a correction. According to a tweet by Binance Research, the recent crypto greed and fear index reading above 80 negatively affected the BNB price action.
The recent downtrend price action has also negatively impacted BNB’s social metrics. Will the BNB token continue this downtrend? This is unlikely as BNB’s long/short ratio has increased, indicating that long positions in the market are increasing compared to short positions, a sign of an uptrend. Trading volume has also decreased, suggesting a reversal in the uptrend.
Additionally, Chaikin Money Flow (CMF) has followed a sideways path, indicating no significant buying pressure in the BNB ecosystem. This points to more days of slow-moving price action. If the BNB price continues to decline, it could drop to the $710 support level. However, if the bulls take over the market, it could push the value back towards the $744 level.
Investors Grab LNEX Tokens
Lunex Network (LNEX) has seen significant interest from casual and high-volume investors. Tokens in the presale are being sold at a low entry point of $0.0038 and are attracting widespread participation. With advanced tools and an innovative token economy, Lunex is poised for explosive growth, with experts predicting a 1,800% rally ahead of launch.
Discover the Exciting Opportunities of the Lunex Network (LNEX) Pre-Sale Today!