Crypto analyst Captain Faibik has identified promising chart patterns for ONDO and Injective (INJ) tokens. The analyst suggests both crypto assets are on the verge of upward price movements. Faibik’s technical analysis points to potential breakouts that could lead to substantial price increases in the coming days and weeks.
ONDO Token Ready for a 50% Rally?
Captain Faibik’s tweet highlights a bullish outlook for the ONDO token. The analyst shared a chart showing ONDO in a descending channel pattern. This technical formation often precedes a potential upside breakout.
$ONDO seems Ready for another Bullish Rally. In case of a Successful Breakout, Another +50% bullish rally is Expected in the coming days.#Crypto #ONDO #ONDOUSDT pic.twitter.com/HVQ0a8MjCb
— Captain Faibik (@CryptoFaibik) July 19, 2024
An analysis of his chart reveals ONDO’s price testing the upper boundary of the descending channel. This critical position could signal a trend reversal if the price successfully breaks above the resistance line.
Faibik’s projection suggests a possible 50% price increase following a confirmed breakout. Investors should note that the target zone indicated on the chart represents the potential price level for this projected 50% gain.
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Injective (INJ): Falling Wedge Breakout Confirmed
Captain Faibik’s analysis of Injective (INJ) token presents an even more bullish scenario. The analyst had previously identified a falling wedge pattern on INJ’s daily chart, suggesting an upside potential.
In a recent update, Faibik stated, “$INJ #Injective Falling Wedge upside Breakout is finally Confirmed..!! Send it sers..”
This confirmation follows an earlier tweet where Faibik stated, “$INJ Looks Promising for the Falling Wedge Upside Breakout on the Daily timeframe Chart..!! In Case of Successful Breakout, Expecting +200% Bullish Rally in the Midterm.”
The pattern is a bullish reversal indicator. Its confirmation typically signals the end of a downtrend and the beginning of an upward move. Faibik’s analysis suggests that INJ could potentially see a 200% price increase in the medium term.
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The post Top Analyst Predicts Major Price Rallies for ONDO and Injective (INJ) – Here’s His Outlook appeared first on CaptainAltcoin.
