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As Chainlink and Polkadot face downturns, Lunex Network presale gains momentum and increases optimism for 2025.
The recent market decline has pushed many altcoins into a downward trend. Although Chainlink price has dropped significantly, the token seems poised for further potential gains. The price of Polkadot has been trending downward since reaching a high of $11 in early December. Despite this setback, there is growing optimism about an early resurgence.
Meanwhile, Lunex Network (LNEX) presales continued to see massive growth as investors anticipate further rallies in the coming weeks. Designed to enable the seamless buying, selling and exchanging of cryptocurrencies across blockchains, the LNEX token is expected to eclipse more established crypto coins in this bull cycle.
Analysts predict a Chainlink price of $160 in 2025
Chainlink, the decentralized oracle network, has seen a sharp decline in recent weeks. After multiple attempts to establish support above the $30 level failed, the LINK price chart moved lower over the past two weeks. Data from CoinMarketCap shows that the altcoin price has declined by 14% over the past week, pushing it below the $22 support zone.
Chainlink market sentiment is neutral, but the Fear and Greed index is at 64 (greed). Over 18 technical indicators are bearish and the altcoin is trading below the 30-day SMA ($24.43). However, the RSI on the 1D time frame is 46,…
