The crypto market continues to show signs of recovery today, rebounding from its correction phase beginning last month. Bitcoin dropped below $92,000 on December 31 and has recovered above $95,000. Cardano has gained momentum amid the bounce, with an over 10% surge in a day.
Sui has also recorded a surge of over 14% in a month, signaling a strong bullish outlook in the broader market trend. Trading with a symmetrical triangle pattern, SUI appears to be preparing for an impressive breakout, targeting the $4.96 region. Similarly, Lunex Network presale continues to gain momentum with an over 350% rally to hit the $0.0054 price target.
Lunex Network Eyes $1 In 2025
Lunex Network is the next-generation Web3 DeFi crypto exchange with the ability to allow seamless trading and swapping of cryptos across multiple blockchains at the best cost. Unlike most exchanges featuring rigorous KYC processes, Lunex Network does not require third-party DeFi wallet connections like Trust Wallet and Meta Mask.
In addition, Lunex will allow businesses to easily accept cryptos as a form of payment and convert them into fiat through the Lunex B2B payment gateway API. Traders can also use the portfolio tracker to keep track of multiple assets, including stocks, cryptos, and bonds. Moreover, Lunex Network thrives on simplicity with a unique DeFi crypto wallet allowing users to sell, buy, and swap cryptos from a single account.
To reward its community, Lunex Network features a revenue-sharing model designed to reward LNEX token holders. Its ongoing presale has also seen the LNEX price surge by over 350% reaching $0.0054. Its presale funding has hit over $6.2M while targeting the $6.5M region in the coming days.
Cardano Gains Momentum with Falling Wedge Breakout
The Cardano price was hit by rejection within the $1.32 region, leading to a pullback. It repeatedly tested the wedge’s lower support region. However, Cardano has successfully broken out of its falling wedge’s upper resistance around the $0.87 level.
This breakout has propelled Cardano’s price movement above its $0.96 resistance level. If ADA can sustain this impressive momentum, it could pave the way for further gains. The next key resistance region lies at $1.12 and $1.32, representing a potential upside gain of around 23% from the current price. The MACD indicates a bullish crossover while signaling the potential of a sustained upward trend in Cardano’s price.
Additionally, the RSI has moved to 59, a sign of an improving bullish crossover. Breaking above the falling wedge pattern is a positive sign for Cardano, but a sustained push above the $1 region might be critical to confirm the broader upward trend. If ADA manages to clear this resistance, the path to $1.32 and beyond will become more likely, potentially driving significant gains for investors.
Sui Price Poised for A Breakout: Is $4.96 The Next Target?
On the 4-hour chart, SUI’s price action has revealed a symmetrical triangle. This is a technical formation where the price moves within the converging trendlines. The Upper trendline is the resistance, while the lower acts as the asset’s support. For Sui, the next steps hinge on the token ability to establish a significant support base.
Sui might test the lower boundary of the triangle seeking a confirmation of the support before an upward trend. Similarly, a dip to Sui’s historical support around $3.926 could provide the best foundation for a strong rally, propelling the SUI’s price toward $4.96. If Sui manages to breach the triangle’s resistance, it might signal the start of a bullish phase, pushing Sui’s price performance even higher in the short term.
Adding weight, the uptrend scenario that has seen Sui hover above the $4.10 region is its technical indicators, with the RSI at 52, suggesting a building buying pressure. Even as Sui gains momentum, its long-term prospects appear increasingly positive, making the SUI token a coin to watch closely.
Can Lunex Network Match Cardano and Sui Price Performance?
As Cardano and Sui prepare for a significant breakout, Lunex Network lays a strong foundation for massive gains. The LNEX price has increased by over 350%, allowing early investors to enjoy better ROI. Its unique capabilities, backed by a revenue-share model, could also lead to more gains.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.