According to crypto analysis from @best_analysts, Voyager Token (VGX) is showing a bullish “falling wedge” pattern on the 3-day chart, indicating the potential for a powerful 220% upside move.
A falling wedge is a technical chart pattern that forms when the price trends lower while fluctuating between two descending but converging trendlines. This pattern is considered a bullish reversal signal as it suggests the downward pressure is losing steam, often preceding a breakout to the upside.
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The analyst’s projection targets a price surge from the current levels around $0.09 up to the $0.31 region, should VGX break out from the falling wedge formation. Such a breakout could trigger a flurry of buy orders from traders looking to capitalize on the bullish momentum, driving VGX’s price toward the top of the projected channel.
Shentu Surges After Blockchain Upgrade
Meanwhile, Shentu (CTK) experienced a massive 145% price spike yesterday, fueled by the successful implementation of its v2.10.0 blockchain upgrade. The Shentu team announced the passing of Proposal 40, paving the way for the deployment of the new binary on the Shentu mainnet at block 18,737,000.
In addition to the upgrade, Shentu launched a “Refer Hackers, Earn CTK” program through its partnership with OpenBounty, a decentralized Web3 bug bounty platform. This initiative aims to incentivize white-hat hackers and projects to identify and report security vulnerabilities, fostering a more robust ecosystem.
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Following these positive developments, Shentu Chain confirmed the successful completion of the chain upgrade, with the network running smoothly on the new v2.10 version.
While CTK’s price surged initially, it faced a significant retracement but managed to close above the crucial $1.04 resistance level. Market analysts suggest that a successful retest of this area (making it a support) could pave the way for CTK to continue its upward trajectory.
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The post Voyager Token (VGX) Gears Up for 200%+ Price Surge as Shentu (CTK) Tests Crucial Make-or-Break Support appeared first on CaptainAltcoin.