Shiba Inu (SHIB) and Bonk (BONK) Lose Market Interest, Lunex Network (LNEX) Presale Skyrockets

Shiba Inu and Bonk were poised for big gains in Q4, but investors appear to be losing interest in the meme coin sector ahead of the bull run.

Shiba Inu and Bonk were both expected to make large gains in Q4, but investors now appear to be losing interest in the meme coin sector ahead of the bull run. Instead, many investors are turning their attention to the viral presale of Lunex Network, which is quickly approaching the 1M USDT milestone.

Shiba Inu (SHIB) is Consoliating

Shiba Inu's price chart has formed a symmetrical triangle, which usually indicates a period of consolidation. However, with Shiba Inu's volume increasing by 26.22% in the last 24 hours, analysts believe that SHIB will break out of the triangle pattern and move lower in the coming weeks. Shiba Inu is currently trading at $0.00001883 after an intra-day decrease of 3.70%.

Despite Shiba Inu trading above its key Simple Moving Averages at the moment, this positive price trend is not expected to last. Bearish dominance is already being indicated by Shiba Inu's Momentum Indicator, while the token's MACD level has also turned negative. If Shiba Inu does face a consolidation, the token's price could soon drop to the support at $0.00001268.

Bonk (BONK) Community Support Waning

Bonk has seen immense support from the Solana community over the last few weeks, but the token's price action has failed to make any significant movements. Despite analysts predicting positive movements for Bonk last week, the token's price struggled to sustain those gains today.

Bonk is currently trading at $0.00002206 after an intra-day incline of 4.47%. However, with Bonk's volume increasing by 28.09% in the last 24 hours, it is possible that some of BONK's holders are selling out now. This is further supported by Bonk's Momentum Indicator, which is also flashing sell signals. If this continues, Bonk's price could drop to the nearest support at $0.00001747 in the coming days.

Lunex Network (LNEX) Stealing Meme Coin Hype with Explosive Presale Success

The new exchange-based token from Lunex Network is quickly shifting investors' attention away from the meme coin market and towards the booming DeFi sector before Q4's bull market. Having set a new record by raising over 8M USDT in less than a month since its presale launch, analysts are predicting massive 1800% gains for LNEX holders by the time the token is launched on the open market.

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