Chainlink (LINK) Technical Analysis: Is LNEX’s 200% Increase Equally Bullish For This Altcoin? 

The LINK price has seen remarkable growth in the past month, increasing by more than 100% and nearly reaching a new yearly high.

The bull momentum pushed its value towards the $26,90 mark on December 2 and now faces only one more resistance before it targets a new all-time high.

Additionally, Lunex Network has raised over $4 million in presale revenue and marked a 200% price increase to $0.0036. The main driver behind this bullish momentum is its attractive DEX protocol, which solves inherent issues that most conventional centralized exchanges face. Moreover, its standout revenue share model, designed to offer real passive income, has appealed to traders.

For those in the crypto world, Lunex Network represents an opportunity to diversify portfolios while still supporting greater innovations. By addressing inefficiencies in blockchain networks and prioritizing user engagement, Lunex Network positions itself as a project that has lasting and immediate relevance. The project’s focus on tangible applications and integrating real-world solutions will ensure it resolves key issues that larger players often overlook.

Moreover, its emphasis on investor incentives and blockchain interoperability continues to draw global attention from retail and institutional markets. This has led to significant growth in LNEX price and presale revenue. The LNEX token has already surged 200% to a new price of $0.0036 from a starting low of just $0.0012, with the project’s focus on liquidity and usability laying a better foundation for long-term growth.

Lunex Network also distinguishes itself from the rest of the competition by providing a quick trading experience at the lowest transaction fees in the industry. Apart from its minimal costs and unique cross-chain technology, the project has prioritized security and privacy, making it a perfect platform for traders who appreciate safety and anonymity.

Chainlink’s price has increased since its low of $8.08 on August 5. The rally gradually accelerated after the LINK token formed a higher low in early November and has increased by 130% since then. The 26.90 high on December 2 is its highest price since January 2022. Still, if the momentum continues, LINK’s price would only have one main hurdle around the $33.73 level, formed by the 0.618 Fibonacci retracement and horizontal resistance.

Notably, the long-term wave count indicates that LINK coin is in wave three of five wave increase, which has existed since May 2023. If this count is correct, LINK’s price could be in wave three of its upward movement. The sub-wave highlights an extension of wave three. Due to this extension, wave three has a minimum target of $37.93, which would be 1.61 times the size of wave one, as has been the case for XRP.

In this scenario, the LINK token could reach a new all-time high of $56.47. Its intraday time frame highlights an extremely bullish outlook because of the wave count. The most likely wave count could be a 1-2/1-2 wave formation, which, more often than not, leads to parabolic upward movements. The price of LINK is currently in its minor sub-wave three, confirming the parabolic upward movement.

Chainlink continues to enjoy impressive gains, with anticipated further gains before the end of the year. Like LINK, Lunex Network has also recorded significant gains, with a 200% topping the list. Its presale revenue also surpassed the $4M mark, indicating that investors are attracted to this project.

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

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