SUI, XLM rebound after major corrections, rising crypto LNEX surges 350%

Fresh from the press, we have an update on SUI's price, which just rebounded following a massive correction that saw it hit lows of $3.5. This aligns with the broader market sell-off that left most coins in the red. Currently priced at $4.77, SUI's price is cooling off after reaching a new all-time high of $4.91.

While SUI's price is facing pressure from the bears, its fundamentals appear promising, as evidenced by the launch of the Grayscale SUI Trust. Another rising crypto that experienced a significant price correction is Stellar (XLM). After Stellar's price peaked at $0.65, the market-wide correction caused it to drop 50%, reaching a low of $0.313. However, XLM is rebounding now, with its price consolidating around the $0.35 zone.

Moreover, analysts are predicting an additional uptick for Lunex Network, whose LNEX token has seen a surge of over 350% since the presale began. Now priced at $0.0054, Lunex is emerging as a rising crypto in DeFi thanks to its revolutionary multi-chain DeFi bridge, which provides deep liquidity on DEXs.

Early participants in Lunex Network enjoy a 350% increase in the price of the LNEX token

Lunex is among the rising crypto projects expected to dominate the upcoming bull run. Its network is designed as a multi-chain bridge with a DEX and an aggregator specifically tailored to find the deepest liquidity in DeFi.

While most DEXs are known for their anonymity, security, and transparency, they often lack sufficient liquidity, resulting in high network fees and significant slippage. If you're an active trader on DEXs, you may have encountered an MEV attack on your trades or high slippage, typically ranging from 30%.

Lunex is bringing back the glory days of DeFi with a platform that offers a unique DEX experience, where users don't even need to connect their wallets to use the DEX. With just a receiving address, you can set up your trades anonymously across over 50,000 currency pairs.

SUI's price skyrockets to new ATH amid a market-wide pullback After hitting a new ATH of $4.91, just a stone's throw away from hitting the $5 price mark, SUI's price is rebounding following a nearly 30% correction that saw SUI's price hit lows of $3.5 per token.

SUI is known as the innovative layer-1 blockchain network that aims to solve the scaling issues of legacy chains. Its network has also received funding from Grayscale, as evidenced by the launch of the Grayscale SUI Trust. Within SUI's ecosystem, there's now a competition with Solana in terms of memes, with some notable rising crypto memes, like LOFI, amassing market caps as high as $100 million.

Stellar XLM is set to rebound after a 50% dip The recent pullback has not spared Stellar XLM, whose price surged all the way to $0.63, only to hit major resistance that caused its price to drop by 50%. Even so, Stellar XLM has hit a perfect Fibonacci retracement that offers traders a perfect entry point for the next leg up. While Stellar's volume is decreasing, analysts are expecting a recovery up to the $0.45 zone.

Conclusion As XLM and SUI's prices face increasing bearish pressure, Bitcoin's price continues to consolidate below $100K in a move that could lead to further downside from altcoins. However, rising crypto assets like LNEX show promise of further upsides, as seen in the recent uptick above 350%.

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

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork