Bear Pressure Overtakes Avalanche and Binance Coin – Lunex Network Bullish Momentum Looks Strong, Can It Surpass AVAX and BNB ?

Binance Coin and Avalanche are navigating challenging phases, showing signs of bearish trends compounded by broader market pressures and technical resistance zones. AVAX’s volume profile range (VPVR), for example, highlights a significant trading cluster between $40 and $42, a critical resistance area where considerable buy and sell orders have historically taken place.

On the other hand, the Binance coin has highlighted a series of higher and lower highs. While this trend has found support at the $641 level, the bears have little firepower. Meanwhile, Lunex Network (LNEX) continues to witness massive growth as investors anticipate more rallies in the coming weeks. Designed to enable seamless buying, selling, and swapping of cryptocurrencies across blockchains, the LNEX token has been projected to outshine existing crypto giants in this bull cycle.

Lunex Network (LNEX): Transforming Crypto Trading

Lunex Network is a next-gen Web3 DeFi crypto exchange designed to enable seamless trading and swapping of cryptos across multiple blockchains at the lowest costs. Unlike conventional exchanges with rigorous KYC requirements, Lunex has eliminated these processes, including third-party DeFi wallet connectivity, like Meta Mask and Trust Wallet, minimizing data breaches and barriers to entry.

As the first community-backed crypto exchange, Lunex enables businesses to accept crypto as a form of payment and convert it instantly to fiat through its B2B payment gateway API. This move has solved the inherent cross-border payment issues that most traders face. Its standout mobile exchange will enable users to spot trade over 50K crypto pairs across multiple blockchains.

Moreover, traders can use Lunex’s portfolio tracker to track digital assets like bonds, stocks, and cryptos. The platform stands out for its simplicity as users will only have a unique DeFi crypto wallet that allows them to buy, sell, and cryptos all from one account. Like BNB, LNEX crypto holds massive potential. At the ongoing presale, the LNEX tokens are going for only $0.0056, with early investors already making 360% in profit. With close tor $6.4 million raised in crypto ICO funding, the LNEX price is expected to jump to $1 in 2025

Avalanche Oversold or More Room for Declines?

Despite attempting a breakout in December, the AVAX token has struggled to peak above its significant barrier, reinforcing bearish sentiment. Avalanche VPVR has identified the $27 region as a potential support level. This area aligns with its previous accumulation area, indicating potential buying interest. If the AVAX token can breach this support level, the altcoin could see further declines towards the $25 range.

Recent data have demonstrated a decline in Open Interest (OI), which aligns with AVAX’s inability to sustain bullish momentum above $55 in November. A declining OI typically highlights waning speculative interest as AVAX traders hold their positions amid uncertainty. This further reflects diminishing confidence in a short-term recovery. AVAX crypto must rally above the $40 and $42 resistance levels with a rising OI to shift this sentiment.

Notably, AVAX’s relative Strength Index (RSI) has been hovering below the neutral zone at 50, reflecting the ongoing bearish momentum. This further aligns with the token’s lower highs and lower lows pattern. If the RSI continues to decline, it could enter an oversold condition, potentially attracting bargain hunters and driving a short-term recovery. Without a decisive jump above 45, bearish momentum would likely remain dominant. For AVAX bulls to take control of the market, RSI must surpass the 50 mark, highlighting a breakout above its $42 resistance level.

BNB Price Analysis

Amid the current market turbulence, BNB crypto has closed below its 50-day simple moving average at $691 on January 7, but the bears are struggling to sustain these lower levels. BNB bulls have been trying to push its value above the moving averages. If they become successful, the price of BNB could rally to challenge the overhead resistance at the $745 level. A breakout above this level could set the stage for a rally toward $794.

Notably, the bears will try to defend the level with all their might. However, if the bulls prevail, the next target would be at the $935 level. On the flip side, if the price of BNB fails to close above the 20-day exponential moving average, it could signal that the bears have taken charge. This could drop BNB’s price toward its downside support level of $635.

The recent downtrend can be attributed to broader market turbulence. Its open interest is increasing, suggesting investor confidence. Per CoinGlass data, derivative open interest for the BNB ecosystem has increased, demonstrating its potential to attract leveraged traders. The uptick comes as the BNB token recorded more price downturns in the past few days.

Best Token To Buy: AVAX, BNB, and LNEX

While AVAX and BNB bulls aim to reverse their current trajectory, Lunex Network could become a strong contender in the market. Based on its growth potential and innovative cross-chain capabilities, Lunex is emerging as the go-to platform for high returns and reliability in the DeFi market.

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

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork