Analyses by top crypto chartists have shed light on potential bullish scenarios for Injective (INJ) and Celestia (TIA). According to Captain Faibik and World Of Charts, both assets exhibit technical patterns that could lead to price surges soon.
Captain Faibik identifies a key pattern for INJ, projecting a new all-time high. Meanwhile, World Of Charts spots a notable pattern for TIA, anticipating an upward move upon a successful resistance breakout.
Injective’s Pattern Signals Bullish Momentum
Captain Faibik’s analysis highlights a Falling Wedge pattern on the 3-day timeframe, a formation known for its bullish implications, particularly after an uptrend. The pattern, which has been developing over several months, suggests that INJ may be nearing a critical reversal point.
$INJ Falling Wedge pattern on the 3-days timeframe Chart is Still in Play..!!I'm Still Bullish on it & Expecting New All time High in Late September or Early October.So Keep Accumulating & Hold with the Patience..#Crypto #INJ #INJUSDT pic.twitter.com/tNx0VhggGe
— Captain Faibik (@CryptoFaibik) August 13, 2024
According to Captain Faibik’s chart, the price of INJ has recently tested the lower boundary of the wedge. This often precedes a breakout above the upper boundary, signaling a continuation of the bullish trend.
His projection indicates that INJ could reach a new all-time high by late September or early October, with a target potentially exceeding $60. Consequently, he advocates for accumulating and holding INJ, emphasizing patience as the key to capitalizing on the expected breakout.
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Show more +Show less – Celestia’s Resistance Test Could Trigger a Bullish Wave
World Of Charts has provided an analysis of Celestia (TIA) that suggests a possible bullish breakout. The daily timeframe chart reveals a Falling Channel pattern, characterized by lower highs and lower lows, confined within two parallel descending trendlines.
Moreover, TIA’s price is currently testing the upper boundary of this channel, a critical resistance level that could determine its next move. Additionally, the analysis posits that a successful breakout above this resistance could trigger an upside movement, with the potential to push TIA’s price above $30.
$Tia#Tia Testing Resistance Still Expecting Massive Bullish Wave Incase Of Successful Breakout https://t.co/uIUZH3TwVx pic.twitter.com/Rbk0kvoQuH
— World Of Charts (@WorldOfCharts1) August 13, 2024
Besides, World Of Charts remains optimistic, noting that a massive bullish wave could follow if the resistance is breached, reflecting confidence in the strength of the technical setup.
Read also: Litecoin Primed for Massive Bull Run, Analyst Predicts LTC’s $1,000+ Potential
Market Implications and Investor Sentiment
Both Captain Faibik and World Of Charts convey a strong bullish sentiment in their analyses, highlighting the importance of these technical patterns.
Furthermore, the potential breakouts for INJ and TIA could attract increased investor interest, particularly as the projected timelines align with broader market trends.
The charts for INJ and TIA present promising setups for bullish breakouts, with expectations for price appreciation in the coming weeks.
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