The crypto market is going through some price corrections after the recent price pump. One of the top altcoins, Render (RENDER), has dropped into the bear territory zone on the weekly timeframe as a result. However, a Pennant Breakout pattern could see RENDER pump back above $11.
Also, two coins gradually gaining momentum, Tron (TRX) and Lunex Network (LNEX), are looking to hit the $1 mark soon. Lunex is a relatively new DeFi project in the presale. It has raised $3.2 million in funding and could hit $5 million soon.
Render (RENDER) Set For Price Surge After Pennant Breakout
Data from CoinMarketCap shows the Render token has been consolidating between $7.12 and $8.17 in the last seven days. The cryptocurrency has dropped 7.7% on the 7day chart. However, it has gains on upper levels.
On the 14days timeframe, the Render price is up 3.9%. On the 30-day chart, the coin has a gain of 48.8%. The token’s VWMA (10) and Hull Moving Average (9) are displaying a green buy sign. These are bullish signs which means bulls are in charge. We might have a price rally in the coming days.
Doc Crypto predicts the Render coin price could soar to $11.80 in the coming weeks. However, the altcoin must beat the resistance at $9.70.
Another analyst called Crypto Faibik believes Render (RENDER) may go higher. They said the cryptocurrency has broken out of a bullish pennant and could pump to $20 in the long run.
Tron (TRX) Price Drops, Experts Say $1 is Still Possible
The Tron token has lost the $0.20 level. The coin has been on a downtrend since facing resistance at $0.22. CoinMarketCap data reveals the value of TRX has dipped by 7.5% in the weekly timeframe. However, there is still hope for the Tron crypto.
TRX has gains of 6.7% on the 7-day chart and 14.8% on the monthly timeframe. Looking ahead, the Fear and Greed Index showing Extreme Greed shows that investors are still optimistic about TRX. The coin has immediate resistances at $0.20659, $0.217337, and $0.223363.
Meanwhile, the founder of Tron (TRX), Justin Sun, has donated over $30 million to Wordliberty. This donation is part of Sun’s support for Donald Trump’s cryptocurrency initiative in the US. Crypto General believes this move is a good initiative. They forecast the Tron price could reach $1 in the coming weeks.
Lunex Network (LNEX) Platform Gains Attention for Convenience
Lunex Network has been gaining popularity in the DeFi space as it offers a relatively easy-to-use platform for new as well as professional traders. Another of its advantages is that there are no KYC (Know Your Customer) procedures here. Users will be able to trade without providing personal identification documents, thus enhancing the privacy aspect, and shall be open to anyone, anywhere.
Another important component of Lunex is the Portfolio Tracker. This tool provides a real-time dashboard for the users to monitor the value of their investments in different platforms including $LNEX tokens and all other crypto assets. The portfolio tracker is a useful tool for traders since it allows for asset management.
$LNEX can be staked for earning rewards, voting, and gaining special rights. Currently, in its presale phase, Lunex Network has raised over $3.2 million, with the $LNEX token increasing from $0.012 to reach a new high at $0.0031. Market experts say it could reach $1, making it a good cryptocurrency to buy.
Final Thoughts
While Render (RENDER) is under bear attack, the narrative is different for Tron (TRX) and Lunex Network. Both are in the process of breaking out to $1, which makes them attractive for traders and investors looking for what crypto to buy.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Telegram: Join Lunex’s Growing Community
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