Ethereum and Solana’s trading volumes have experienced significant surges today, indicating a market-wide bearish sentiment. However, Lunex Network’s new DeFi exchange is soaring through its presale with bullish momentum as the token is poised for 1800% gains by the end of its presale stages.

Ethereum’s (ETH) Market Sentiment Turns Bearish

Ethereum is transitioning to a Proof-of-Stake consensus protocol with Ethereum 2.0 that promises more energy efficiency. By removing the need for Ethereum miners, Ethereum is trying to spark investor interest by lowering the network’s energy usage. However, these efforts aren’t working for now, as Ethereum’s community sentiment has turned 71% bearish.

Ethereum is currently trading for $2,617.36 after a 1.53% intra-day decrease. Since Ethereum’s volume has increased by nearly 48% in the last 24 hours, investors appear to be selling out ahead of Q4. Ethereum is currently trading below its 100 a day and 200 a day Simple Moving Averages, and if buying pressure doesn’t pick up soon, Ethereum’s price is expected to experience steeper declines in upcoming weeks.

Solana’s (SOL) Bearish Divergence Leads to Short-Term Pullback

Solana’s price rallied by 9.40% in the last seven days after the Federal Reserve announced interest rate cuts. However, Solana’s rising price and falling Relative Strength Index were suggesting a clear bearish divergence. Now that the bullish momentum has weakened, Solana’s short holders appear to be selling out rapidly.

Solana is currently trading for $156.75 after a 0.35% intraday decrease. Although this downtrend doesn’t look like much, Solana’s volume has increased by nearly 80% in the last 24 hours, suggesting high selling pressure. As Solana’s CCI and Momentum Indicator are already flashing bearish signals, Solana’s price could face a steeper decline to the $105.90 support in upcoming weeks.

Lunex Network (LNEX) Outpaces Top 3 Cryptos with Explosive Presale

Lunex Network (LNEX) has been on a bullish trend ever since its presale launch, and savvy investors are ready to jump ship from Ethereum and Solana to this explosive new exchange-based token. By raising more than $500,000 in presale already, Lunex Network has proven its potential for 100x growth in record time. As the crypto market heads into Q4’s bull market, Lunex Network is expected to emerge as one of the biggest gainers with a massive 1800% rally by the end of its presale stages.

The main driver behind Lunex Network’s bullish growth trajectory is the platform’s unique cross-chain capabilities. Instead of only processing crypto swaps on a single blockchain, Lunex Network is taking things one step further by combining isolated blockchains into one non-custodial network. With this feature, Lunex Network allows traders to swap more than 50,000 pairs without any third-party wallets like MetaMask or TrustWallet. Since Lunex Network’s mobile exchange also boasts a no-KYC policy, traders are not required to enter any private information when making swaps or trades on this DEX.

Aside from the trading aspect, Lunex Network also attracts institutional investors with its merchant payment gateway. With Lunex, businesses can accept cryptocurrencies as a payment method by paying a minimal fee to the platform. Retail investors are already flocking towards Lunex Network’s presale to earn a passive income through the platform’s revenue-sharing model that offers staking rewards with up to 18% APY.

Given this variety of features, Lunex Network is expected to become the leading DEX in the market by 2025. If that happens, the platform’s native $LNEX token can easily find a place amongst the crypto Top 10 before overthrowing big players like Solana and Ethereum.

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

Website: https://lunexnetwork.com Socials: https://linktr.ee/lunexnetwork

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.