Becomecractor
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#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here!
Matic price 0.41$ to 0.70$ Soon
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#Matic price
Matic price 0.41$ to 0.70$ Soon
#Becomecractor
#Matic price
Altcoin
#BNBChainMemecoins #Write2Earn!
Injective surges by 18% in 7 Days: Is a new ATH of $100 on the horizon?
3min Read
$BTC
Injective has made significant movements over the past 7 days. On weekly charts, INJ has surged by 18% leaving analyst eye a new ATH.
Through the X page, the analyst shared his analysis stating that,
#Becomecractor
“INJ is finally on the verge of a Falling Wedge Breakout. Once the Falling Wedge successfully breaks out, it could hit the $100 mark in Q4.”
This means that while Injective has been declining in the recent past, the current conditions and price movements prepare the altcoins for historical gains.
#BinanceEarnProgram
What INJ price charts indicate
CryptoFaibiki price analysis predicts the altcoin will reach a new all-time high after recent movements. The question is do other metrics support this analogy?
For starters, the Relative Vigor Index (RVGI) is positive at 0.219 above the signal line. This shows that the closing prices are higher than the opening prices suggesting there is upward market momentum.
This upward movement is further supported by the Directional Movement Index (DMI). At press time, the positive index of 25.4 is above the negative index of 22.8. This shows that the upward movement is relatively strong further.
Looking further, AMBCrypto’s analysis of Coinglass shows long position liquidation has declined for the past 2 weeks. Since the August 5th market crash, long position liquidation has declined from $780k to $72k.
This shows that investors are confident with the altcoin’s future prospects and willing to pay a premium to hold their positions.
Equally, the altcoin’s OI-weighted funding rate is positive as of this writing. This shows that there is increased demand for long positions which is a bullish market sentiment.
Therefore, with a breakout from a descending channel, shows increased market favorability towards INJ. Thus if the current market conditions hold, the altcoin will challenge the next significant resistance level around $25.8 in the short term.
#BNBChainMemecoins #Write2Earn!
Injective surges by 18% in 7 Days: Is a new ATH of $100 on the horizon?
3min Read
$BTC
Injective has made significant movements over the past 7 days. On weekly charts, INJ has surged by 18% leaving analyst eye a new ATH.
Through the X page, the analyst shared his analysis stating that,
#Becomecractor
“INJ is finally on the verge of a Falling Wedge Breakout. Once the Falling Wedge successfully breaks out, it could hit the $100 mark in Q4.”
This means that while Injective has been declining in the recent past, the current conditions and price movements prepare the altcoins for historical gains.
#BinanceEarnProgram
What INJ price charts indicate
CryptoFaibiki price analysis predicts the altcoin will reach a new all-time high after recent movements. The question is do other metrics support this analogy?
For starters, the Relative Vigor Index (RVGI) is positive at 0.219 above the signal line. This shows that the closing prices are higher than the opening prices suggesting there is upward market momentum.
This upward movement is further supported by the Directional Movement Index (DMI). At press time, the positive index of 25.4 is above the negative index of 22.8. This shows that the upward movement is relatively strong further.
Looking further, AMBCrypto’s analysis of Coinglass shows long position liquidation has declined for the past 2 weeks. Since the August 5th market crash, long position liquidation has declined from $780k to $72k.
This shows that investors are confident with the altcoin’s future prospects and willing to pay a premium to hold their positions.
Equally, the altcoin’s OI-weighted funding rate is positive as of this writing. This shows that there is increased demand for long positions which is a bullish market sentiment.
Therefore, with a breakout from a descending channel, shows increased market favorability towards INJ. Thus if the current market conditions hold, the altcoin will challenge the next significant resistance level around $25.8 in the short term.
