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Showing posts with the label falling wedge pattern

Cardano Price Set For 300% Explosion With Major Bullish Impulse

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Analyst Predicts Breakout for Layer-1 Altcoin, Says Alts May Be on Cusp of Something Special

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A crypto strategist who nailed the pre-halving correction for Bitcoin (BTC) thinks that a layer-1 project is close to sparking breakout rallies. Pseudonymous analyst Rekt Capital tells his 499,300 followers on the social media platform X that Injective (INJ) appears to be forming a large falling wedge structure on the weekly chart. The falling wedge pattern is typically viewed as a bullish reversal signal as it indicates that sellers are losing momentum while buyers are stepping in to slow down the price decline. Says Rekt, “Injective has been developing this channel for months. A weekly close above the light blue diagonal resistance could be enough to kickstart a new uptrend. INJ will coil as close to the apex of this structure as possible in preparation for a breakout.”  Source: Rekt Capital/X At time of writing, INJ is trading at $18.63, down over 5% in the past day. Turning to top memecoin Dogecoin, the analyst thinks DOGE is still in the pro...
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