Analysts Give Short and Long-Term Predictions for Algorand and Lunex Network, Tron Faces Resistance

The post Analysts Give Short and Long-Term Predictions for Algorand and Lunex Network, Tron Faces Resistance appeared first on Coinpedia Fintech News

With the potential price pump in the crypto market in the coming days, analysts have given short and long-term price targets for Algorand (ALGO) and Lunex Network (LNEX). They say the value of AVAX could pump to $0.13 in the short run and $0.25 in the long run. 

Similarly, Lunex Network is expected to jump by 1,000% before Q1 2025. On the flip side, the Tron (TRX) coin is struggling to overcome the $0.18 level. Exceeding it may result in a price increase in the future.

Algorand (ALGO): Analysts Give Short and Long Term Forecasts

The price of Algorand (ALGO) has been in consolidation, as seen on CoinMarketCap’s monthly chart. The Algorand crypto has ranged between $0.11 and $0.13 in this period. However, analysts believe that the market will likely rise in the following weeks.

CW, a top analyst, had noted on his page that the Algorand coin is currently in a cup and handle formation. He also put up a price prediction chart that indicated the worth of the virtual currency to rise to $0.13 in the next few hours.

Algorand (ALGO) has to surpass the resistance at $0.126441 to reach the $0.13 prediction. Meanwhile, other analysts like Santolita have a more bullish Algorand price forecast. They posted a chart on X, with a potential surge to $0.25. 

Lunex Network (LNEX) Set To Rally 10x After Listing

Lunex Network (LNEX) has not only reached the remarkable achievement of raising more than $1.6 million in its fifth presale stage. Lunex has been attracting attention for its institutional approach to crypto trading. 

Some of the main aspects that have attracted institutional attention include its B2B merchant payment gateway that lets companies easily accept cryptocurrency payments and then convert them into fiat or vice versa. This offering has the potential to fill the gap between conventional finance and the emerging world of cryptocurrency, thereby allowing companies to engage with the crypto economy.

The main selling point of Lunex Network is the DEX platform, which has a special swapping system that allows for the swap of more than 50,000. Also, there are no Know Your Customer procedures that the users need to meet, and they do not need to link other wallets to conduct cross-chain transactions, which are quite convenient and anonymous.

Enhancing Lunex’s image is a Sharing of Revenue Model where a part of the income generated by the platform is shared with the token holders, providing the users with an extra source of income. At the moment, the $LNEX token is $0.0019, which is expected to rise by 10x at launch, making it the best crypto investment for early investors.

Tron (TRX) Future Price Movement Dependent on $0.18 Resistance 

Tron (TRX) has been on an upward movement in the past year drawing close to its current all-time high of $0.30. Looking at the Tron price chart, an analyst, Wombat, told his followers the cryptocurrency could soar to a new peak soon.

Others like VegetaCrypto believe that the Tron price could rally to a new peak soon. In the short term, Myth said the altcoin is testing one of the last resistance levels on its way to the top.

According to him, if the Tron coin crosses the resistance at $0.18, nothing will stop the cryptocurrency from mooning. Currently, TRX has profits of 3.5% on the weekly timeframe and 8.1% on the monthly CoinMarketCap chart. 

In Summary

Algorand (ALGO) and Lunex Network (LNEX) are among the top altcoins to watch in the coming weeks. Their prices are expected to rally to new peaks soon. Meanwhile, Tron’s (TRX) faith hangs on the balance as it heads for the $0.18 resistance.

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

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork