The crypto market is heating up as top altcoins eye potential breakouts in the coming weeks. Tron (TRX) is inching closer to a breakout at $0.65, exciting traders and enthusiasts alike.
Meanwhile, Sui (SUI) and Lunex Network (LNEX) are gaining momentum, poised for potential price rebounds. With strong market sentiment and favorable technical indicators, these assets could be on the verge of significant price movements.
Sui (SUI) Forecasted To Bounce To $5
In a recent tweet, a top expert called Suipiens.sui argued that the Sui (SUI) downtrend could be over. According to him, the next phase now is for the DeFi token to bounce back to former highs.
The analyst congratulated those who refused to sell during the dip. He encouraged them to hold tight as the Sui coin could rise to $5 soon. Also, he highlighted a buying opportunity around $3.6 for those who missed the Sui token before. At the moment, Sui (SUI) is trading above a key level.
Price information from CoinMarketCap shows the Sui price has increased by 3.8% in the weekly timeframe. We might see the cryptocurrency rising to retest higher levels as long as it holds above $3.
A drop from this level could push the value of the altcoin to former lows in the coming weeks. On the flip side, most of Sui’s technical indicators are bullish. The relative strength index is above average, a sign that bulls are not perturbed by the ongoing downtrend.
Tron (TRX) Poised For Breakout To $0.65
The Tron (TRX) coin is among the top performers in the market right now. Data from CoinMarketCap platform shows TRX’s price rose to $0.425 recently. Although it has witnessed a minor correction, most of its technical indicators are still bullish.
Its relative strength index is above the midline, a signal that bulls are active. Also, the Fear and Greed Index is showing extreme Greed. Looking ahead, analysts have posted bullish predictions for the Tron token. One of them is Evan Luthra.
He predicts the value of this coin is getting ready for an all-time high breakout retest. According to him, the Tron price might rise to two targets. The first target is $0.65.
If this cryptocurrency’s upward movement continues, Luthra believes the altcoin price could rise to the second target, $1.25. Another analyst called UB is also bullish about the Tron crypto. However, he said TRX must reclaim the $0.31 level to continue its uptrend.
Lunex Network (LNEX) Raises Close To $5M In Presale
Lunex Network (LNEX) is currently in presale, attracting significant interest in the DeFi market. Priced at $0.0048 per token, the project has already raised over $5.4 million. Analysts predict a potential 18x rally, making Lunex one of the most promising DeFi projects.
Lunex stands out with its privacy-focused approach, eliminating the need for KYC procedures. This allows users to trade and trade assets anonymously. It also saves them the stress of going through long registration processes that make centralized exchanges discouraging to traders.
Additionally, the platform offers access to 65+ RPC nodes, supporting decentralized applications and empowering developers to build on various blockchains. Furthermore, Lunex Network has a unique revenue-sharing model. It shares a part of its revenue with those who stake their tokens for at least 30 days.
This is how it works. First, Lunex Network will use a part of its revenue to buy back some coins from the market. 50% of these coins are shared with stakers while the other half are kep5 as incentives for other purposes.
Lunex Network’s combination of no-KYC policies, robust RPC infrastructure, and user-friendly features positions it as a comprehensive DeFi platform. The presale is shaping Lunex into a versatile and privacy-oriented solution for both traders and developers.
In Conclusion
The best cryptos to consider right now are Tron (TRX), Sui (SUI), and Lunex Network. Analysts say investors should see the ongoing downtrend as a good buying opportunity to stock up their portfolios before the bull run begins.
