Crypto analysts are eyeing potential breakouts for MATIC and INJ tokens based on long-term technical patterns. MATIC shows a 1,218-day symmetrical triangle accumulation, reminiscent of its previous 20,000% rally. Meanwhile, INJ approaches a critical $30 resistance level, with multiple experts predicting an upside move
Polygon (MATIC) Price Predictions
Alex Clay, a notable crypto analyst, believes MATIC has reached a generational bottom. According to Clay’s tweet, MATIC experienced a 630-day long channel accumulation, resulting in a 20,000% return.
It's a generational bottom on $MATIC 630 Days Long Channel Accumulation led to 20,000% ReturnsNow we have 1218 Days Long Symmetrical Triangle Accumulation These are the targets that must be hit: 4.5$ – 7.1$ – 9.75$ Overall it's a Double Digit potential, so leave… pic.twitter.com/pZdoy7YggH
— Alex Clay (@cryptclay) July 15, 2024
Currently, it is undergoing a 1218-day symmetrical triangle accumulation. These formations often signal potential breakouts. Clay predicts targets for MATIC at $4.5, $7.1, and $9.75, indicating a double-digit growth potential.
Moreover, Clay to keep a portion of their investments for long-term gains, commonly referred to as a “moon bag.”
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Show more +Show less – Injective Price Analysis and Predictions
Aqua, another voice in the crypto community, expressed bullish sentiments towards INJ. She believes a break above $30 could trigger further gains.
$INJBreak above 30$ and this will fly.$INJ is one of the most bullish chart out there, 10x is possible from here.$INJ is one of my biggest bags actually.#INJ #Injective pic.twitter.com/2ngDWdY6Yt
— Aqua (@PayneResidence) July 16, 2024
Aqua asserts that INJ’s chart is among the most bullish, with a potential 10x return. Her confidence is reflected in her substantial holdings in INJ.
This optimism suggests that INJ could be a lucrative investment opportunity, given the current market conditions and chart patterns.
Read also: Largest Ripple Holder Explains Why XRP Price Will ‘Explode’
INJ on the Verge of a Breakout
Satoshi Flipper, a crypto analyst, highlighted the technical setup of $INJ/USDT. According to his tweet, INJ is pressing against the daily falling wedge resistance. Falling wedges often indicate potential upward movements.
Satoshi Flipper’s analysis suggests that once INJ breaks this resistance, it could see significant price appreciation. His anticipation is palpable, as he describes the imminent breakout with a sense of urgency.
Conclusion
The crypto market continues to present lucrative opportunities, with MATIC and INJ showing promising signs. Alex Clay’s analysis of MATIC’s accumulation phases suggests substantial future returns. Similarly, Aqua and Satoshi Flipper’s insights into INJ highlight its potential for gains.
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