Expert Says Vanar Chain (VANRY) and Injective (INJ) Prices Will Surge When…
- Linda HamiltonOriginal
- 2024-10-03 07:16:21404browse
In his latest update, Rekt Capital shared insights on the performance of Vanar Chain (VANRY). He noted that over the past few weeks, the focus on VANRY
Highlighting the latest updates from popular crypto analyst Rekt Capital, we'll be covering his insights on the price movements of Vanar Chain (VANRY) and Injective (INJ).
As covered previously, Rekt Capital has been closely monitoring VANRY's consolidation within a downtrending channel over the past few weeks. Now, he points out that VANRY has finally shown some positive movement.
Last week, VANRY managed to close the candle above the macro downtrend line, completing a successful breakout from the downtrend. This development now sets the stage for a post-breakout retest, which is crucial to confirm the end of the macro downtrend and the potential beginning of a macro uptrend.
If the retest is successful, we can expect a continuation of the upward trend. Keep an eye out for this key price action as it unfolds.
Moving on to Injective (INJ), Rekt Capital previously noted its consolidation within a downtrending channel. Since then, INJ has made a significant move, breaking out from the pattern and rallying by 30% to reach the range high resistance at $23.46.
For INJ to maintain its upward momentum, it must now reclaim this range high as support with a weekly close above it, followed by a successful retest. Until that occurs, INJ is expected to continue consolidating within the established range of $18.02 to $23.46, which may include a deeper pullback to facilitate a retest of the breakout structure.
Don't forget to follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates. Get all our future calls by joining our FREE Telegram group.
we recommend eToro as a fully regulated cryptocurrency exchange with the lowest fees in the industry, a user-friendly interface and top-tier customer service
The above is the detailed content of Expert Says Vanar Chain (VANRY) and Injective (INJ) Prices Will Surge When…. For more information, please follow other related articles on the PHP Chinese website!