AVAX Drops, Lunex Network Set For Price Breakout, SHIB Investors Need More Token Burning

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Oct 11 2024

MORE-2.5%

TOKEN+1.7%

SHIB+1.155%

Should l Buy MORE?

AVAX and SHIB Market Performance: AVAX's price has declined recently due to a broader market dip, although it remains up over 173% year-to-date. Meanwhile, SHIB's burn rate has increased, but investors are concerned that the current token burns may not be sufficient to drive significant price increases.
Lunex Network Investment Potential: Lunex Network is gaining traction as a promising investment option in the crypto space, offering low gas fees, fast transactions, and various services for cryptocurrency adoption, with its presale ongoing at a low price of $0.0013 per LNEX token.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like MORE with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for MORE

Technical Sentiment Analysis for Moonveil (MORE). As of , Moonveil (MORE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MORE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, MORE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Moonveil (MORE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0000458	0.0000779	0.000106	0.000138	0.000166	0.000198	0.000226
Fibonacci	0.0000779	0.000101	0.000115	0.000138	0.000161	0.000175	0.000198

About MORE

The $MORE token is engineered not just as a medium of exchange, but as a pivotal element in the Moonveil ecosystem, fostering a vibrant community and driving innovative use cases:Transactions & Trading: Beyond simple marketplace transactions, $MORE will facilitate cross-platform trading, enabling a seamless exchange of assets between different games and applications within the Moonveil ecosystem.Staking: Staking $MORE goes beyond token rewards, integrating users into the governance process. Future developments aim to use staking for decision-making in game developments, feature additions, and community-driven initiatives.Gameplay Enhancements: $MORE tokens will be used to unlock special gameplay modes, access premium content, and participate in exclusive events, further enhancing the gaming experience.Access and Identity: The integration of Identity NFTs tied to $MORE token will not only boost community status but also unlock special privileges like game early access and attending virtual and real-world events.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

GET FREE REAL TIME NOTIFICATIONS

Stock Monitor for MORE?

Get Started Free

FREE STOCK RECOMMENDATIONS DAILY

Stock Bullish Tomorrow

Get Started Free

70% BACKTESTED ACCURACY!

Should I Buy MORE?

Get Started Free