Breaking Down DOT Price Forecast: AVAX’s $60 Target in Doubt, LNEX Tipped As the Next 100x Moonshot

Polkadot (DOT) faces a hurdle, returning to its all-time high of $54.98, achieved in November 2021.

Today, its price has hovered near the $9.5 mark, with critical resistance levels at $11.05, $11.67, and $12.19. At the same time, AVAX’s $60 target is in doubt after its groundbreaking Avalanche9000 upgrade failed to bolster demand as its price action remained muted.

Meanwhile, Lunex Network leads the crypto presale hype with successful presale performance and unique solutions to some of the most inherent issues in the DeFi space. This new hybrid DEX protocol combines the best of centralized and decentralized features into the perfect crypto exchange. Analysts have now tipped this presale star as the next 100x crypto moonshot.

This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.

Lunex Network (LNEX): Next 100x Crypto Moonshot

Amid the broader market recovery, Lunex Network (LNEX) has delivered over 283% return for early adopters who bought the token at the starting price of $0.0012. It has also raised over $5.2 million after selling more than 2.3 billion tokens. The driver behind this bullish momentum can be attributed to its aggregation protocol and trader-focus features.

As a crypto exchange, Lunex allows users to trade over 50,000 crypto pairs across 40+ blockchains without high gas fees. The platform offers the security of non-custodial wallets and privacy of no KYC verifications but without the limited liquidity pools of decentralized exchanges. Additionally, the platform is community-owned and governed, focusing highly on DeFi, which comes with additional perks of speedy transactions.

Lunex has simplified DeFi so that even novice users can benefit from this platform. It also supplies seasoned investors with all the professional trading tools needed for high-volume portfolios. With these features, Lunex has positioned itself as the next 100x crypto, threatening market contenders like DOT and AVAX. So far, Lunex is selling for $0.0046, a low price entry that allows investors to capitalize before its price soars.

Can Polkadot (DOT) Reclaim The $50 Level?

Polkadot (DOT) hit an all-time high of $54.98 in 2021. Since then, the altcoin has gone downhill. Today, the price is trading between a low of $7.5 and a high of $9.0. Its technical indicators highlight a lack of buying conviction due to slower ecosystem growth and growing competition. These factors have raised doubts if Polkadot’s price could reclaim its previous high.

While November 2024 was surprisingly a good month for the Polkadot coin, it began to dip due to a market-wide decline. The price of DOT faces a hurdle at various resistance levels, which could act as a mid-stop to its current momentum. If the price of DOT manages to break through these levels, it could set the stage for further rallies. However, if the DOT price fails to breach these levels, the DOT price could register a reversal with its initial downside support at $8.76, so there would be a cushion against immediate price drops.

Its Relative Strength Index (RSI) has entered the overbought territory, which indicates an impending price correction if momentum weakens. Captain Faibik believes the DOT network has solid fundamentals to return to the $40 mark in the long term but requires significant ecosystem growth. 

AVAX Struggles To Maintain Momentum

Avalanche’s biggest network upgrade became live on the Mainnet on December 16. However, AVAX’s price remained muted as the altcoin appeared poised to keep declining. This is because the upgrade has yet to excite AVAX holders as they continue to sell their coins. While the price of AVAX has seen a brief rally, the accompanying decline in trading volume indicates that the rally could merely mirror the broader market uptick.

The decline in trading volume highlights that the Avalanche rally is not driven by strong buying activity. This further indicates that the coin lacks actual demand, potentially making the current momentum less sustainable. Additionally, the token is on track to trade below its 20-day exponential moving average (EMA). When the crypto asset falls below this critical point, it could suggest a shift in momentum.

It could suggest a potential downtrend and that the AVAX token could further see additional declines if the trend continues. AVAX’s price could test its $41.34 support level if the bears control the market. However, if the market becomes increasingly bullish, Avalanche could break above its $55.10 level and attempt to reclaim its yearly high of $65.39

Can Lunex Outpace Polkadot and Avalanche?

The buzz around Lunex Network is evident thanks to its successful presale and expanding community. The project has already gained over $5.2 million in liquidity and is only in its presale stages. With this momentum, Lunex will outpace Polkadot and Avalanche in the market.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

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Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.