Friday, June 27, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Analyst Predicts Breakout for Layer-1 Altcoin, Says Alts May Be on Cusp of Something Special

September 17, 2024
in Altcoin
Reading Time: 2 mins read
0 0
A A
0
Home Altcoin
Share on FacebookShare on TwitterShare on E Mail


A crypto strategist who nailed the pre-halving correction for Bitcoin (BTC) thinks {that a} layer-1 venture is near sparking breakout rallies.

Pseudonymous analyst Rekt Capital tells his 499,300 followers on the social media platform X that Injective (INJ) seems to be forming a big falling wedge construction on the weekly chart.

The falling wedge sample is often seen as a bullish reversal sign because it signifies that sellers are shedding momentum whereas patrons are stepping in to decelerate the value decline.

Says Rekt,

“Injective has been growing this channel for months.

A weekly shut above the sunshine blue diagonal resistance might be sufficient to kickstart a brand new uptrend.

INJ will coil as near the apex of this construction as potential in preparation for a breakout.” 

Supply: Rekt Capital/X

At time of writing, INJ is buying and selling at $18.63, down over 5% prior to now day.

Turning to prime memecoin Dogecoin, the analyst thinks DOGE remains to be within the strategy of flipping a long-term diagonal resistance into assist.

“Ever since breaking its macro downtrend (blue), DOGE has been experiencing a post-breakout retest of that downtrend.

A profitable retest would affirm a brand new macro uptrend.”

Image
Supply: Rekt Capital/X

At time of writing, DOGE is price $0.101, down over 4% on the day.

As for the broader altcoin market, Rekt believes that alts are near beginning a brand new uptrend.

“The quantity of bullish divergences growing throughout many altcoins provides cause to consider that the altcoin market could also be on the cusp of one thing particular

Particular issues take time, nonetheless.” 

A bullish divergence is a reversal sign suggesting that an asset is gaining momentum even when it trades decrease or sideways.

Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox
Test Value Motion
Comply with us on X, Fb and Telegram
Surf The Day by day Hodl Combine

&nbsp

Disclaimer: Opinions expressed at The Day by day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any losses you could incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in internet online affiliate marketing.

Generated Picture: Midjourney



Source link

Tags: AltcoinaltsAnalystBreakoutCuspLayer1Predictsspecial
Previous Post

Microstrategy Announces $700M Private Offering for Debt Buyback and Bitcoin Acquisition

Next Post

DeFi Platform Loses $6M In Breach, Is North Korea Involved?

Related Posts

Financial Giant JPMorgan To Launch USD-Backed Deposit Token on Base As Coinbase’s Layer-2 Scaler Rolls Out Support for Cardano and Litecoin
Altcoin

Financial Giant JPMorgan To Launch USD-Backed Deposit Token on Base As Coinbase’s Layer-2 Scaler Rolls Out Support for Cardano and Litecoin

June 27, 2025
Bit Digital’s Shift Triggers Market Slide
Altcoin

Bit Digital’s Shift Triggers Market Slide

June 27, 2025
Ledger Retires Nano S Support After Nearly a Decade
Altcoin

Ledger Retires Nano S Support After Nearly a Decade

June 26, 2025
Altcoins Could Ignite ‘Major Pump’ if These Two Things Happen, According to Analyst Kevin Svenson
Altcoin

Altcoins Could Ignite ‘Major Pump’ if These Two Things Happen, According to Analyst Kevin Svenson

June 26, 2025
AI, Identity and the Design of Future Learning | by SourceLess Labs Foundation | The Capital | Jun, 2025
Altcoin

AI, Identity and the Design of Future Learning | by SourceLess Labs Foundation | The Capital | Jun, 2025

June 26, 2025
The Deeper Issues with Centralized Digital IDs | by SourceLess Labs Foundation | The Capital | Jun, 2025
Altcoin

The Deeper Issues with Centralized Digital IDs | by SourceLess Labs Foundation | The Capital | Jun, 2025

June 27, 2025
Next Post
DeFi Platform Loses $6M In Breach, Is North Korea Involved?

DeFi Platform Loses $6M In Breach, Is North Korea Involved?

Avalanche Network Poised for Major Upgrades and Expansion in 2024

Avalanche Network Poised for Major Upgrades and Expansion in 2024

Donald Trump Launches World Liberty Financial, Team Unveils Token Details

Donald Trump Launches World Liberty Financial, Team Unveils Token Details

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In