HBAR Price Prediction: ADA Price Stalls At Horizontal Resistance, but Lunex Holders Anticipate Another Price Increase

Cardano (ADA) has experienced an extraordinary rally, breaking its prolonged corrective phase to form a solid foundation near $0.24.

The recent rally pushed ADA into wave three of its Elliot Wave structure to reach its new yearly high of $1.20 on December 2. Similarly, Hedera’s (HBAR) price surged by over 100% in the past week after forming a golden cross, often seen as a bullish indicator.

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With its ground-breaking DEX protocol, Lunex Network (LNEX) will redefine the DeFi market as we know it. Its non-custodial and cross-chain interoperability features have set new standards in crypto trading. Notably, Lunex has raised over $4.6 million in revenue in its ongoing presale as its demand continues to rise.

Lunex Holders Anticipate Another Price Increase

Through a hybrid architecture, Lunex Network will redefine crypto trading by merging off-chain efficiency with on-chain security. This approach will build an ideal trading environment for over 50,000 crypto pairs across 40+ blockchains. The project has addressed inherent DeFi issues like high slippage and rejected transactions, ensuring a seamless trading experience.

In addition, the platform rewards its users. Early adopters can maximize their passive income when they stake their holdings for as much as 18% APY for 30 days. Once the presale ends, LNEX token holders will continue to generate income through the revenue share model. During its presale campaign, Lunex, valued at $0.0038, has attracted whales, with over 2.1 billion tokens already bought.

The project’s anticipated price increase has become a hot topic in the decentralized exchange space, sparking discussions of its next price target. The growing fear of missing out (FOMO) is attracting more investors, with industry experts forecasting a potential 1,800% return after its presale campaign ends.

Hedera (HBAR) Price Forms A Golden Cross

Hedera’s price has gained significantly after forming a golden cross, often interpreted as a bullish indicator. HBAR’s 50-day Simple Moving Average (SMA) has crossed above the 200-day Simple Moving Average (SMA). This bullish pattern has heightened a wave of buying activity, with HBAR price reaching higher highs above the $0.259 level.

In addition to this golden cross, its growing network adoption and broader bullish market sentiment have contributed to Hedera’s price surge. While the price of Hedera has pared off some of its gains, it has hovered above the $0.259 mark, a level not seen since March 2022. Notably, if the HBAR token can maintain the current momentum, it could push its price towards the $0.45 level.

Conversely, any potential correction could lead to a short-term downturn. In this case, it could test its initial support on the downside at $0.17. Hedera (HBAR) Relative Strength Index indicates that the token is overbought, which could suggest profit taking. Still, experts are optimistic, suggesting it could rise to $0.504, a threefold rally from its current price.

ADA Price Stalls at Horizontal Resistance

Cardano’s price has grown remarkably, bouncing off from its prolonged corrective phase throughout 2024. The token formed a solid support base at the $0.24 level, enabling it to complete wave three of its larger Elliott Wave structure and reach a high of $1.2 on December 2. This sharp uptrend reflects significant bullish momentum, corresponding with a decisive breakout from a descending triangle.

However, the price of ADA has reached a critical horizontal zone, with some signs of overextension, which indicates the rally could end. Technical indicators suggest the price of ADA could enter a consolidation phase before another significant surge. The Fibonacci extensions highlight wave three, which reached the 1.618 extension at $1.2, and a potential wave five targets $1.57 and $1.76 (2.272 and 2.618 Fibonacci levels).

In any case, wave four’s retracement to the lower Fibonacci level could occur before a further uptrend. The current rally highlights signs of exhaustion, which means ADA price action could transition into a corrective phase, with an anticipated ABC structure to pare off some gains. The price of ADA could consolidate to form a foundation for the subsequent wave five and the continuation of the bullish trend.

Best Token To Buy

The milestones set by Cardano (ADA) and Hedera (HBAR) reflect the dynamism of the crypto market. Lunex Network’s innovative edge and growth potential have drawn considerable attention to its presale. Experts now hint at a price surge of 18x in the coming months.

Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!

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Alexander Stefanov