The recent analysis of Vanar Chain (VANRY) and Injective (INJ) by CaptainAltcoin reveals that both cryptocurrencies are experiencing key market challenges after their recent uptrends halted.

Vanar Chain (VANRY):

VANRY had shown positive movement by breaking out of its macro downtrend, signaling a potential shift in momentum. However, it struggled during a crucial retest, failing to reclaim the downtrend level as support. As of last week, VANRY closed below this level, meaning the breakout wasn't fully validated. The price must hold its current range for a possible retest of the downtrend level, which could lead to a new uptrend. Otherwise, further downside pressure may emerge.

Injective (INJ):

INJ had broken out of its downtrending channel but hit resistance around $23.46. While the breakout was validated, it now faces a potential re-accumulation phase within a range of $18.02 to $23.46. A dip could result in a volatile retest of the previous downtrend channel, but if it holds key support levels, it may set up for another breakout. Maintaining support within this range will be critical for future bullish movement.

Both assets are at key inflection points where holding support levels is crucial for a sustained uptrend. Traders should watch closely for signs of confirmation or further downside.

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