Analyst Predicts New Highs for Two Hot Altcoins
An analyst, known as Bluntz, shared his insights regarding potential bullish movements in the decentralized exchange (DEX) altcoin space.
Bluntz highlighted a bullish divergence observed on the four-hour chart of Injective (INJ), suggesting a possible trend reversal and indicating the potential for fresh all-time highs.
$INJ has been something i've been tying to get in on for a while but it just kept going up.
its finally had an almost 25% dip and got a nice 4h confirmed bull div here. pic.twitter.com/ZdoFeCD45M
— Bluntz (@Bluntz_Capital) December 30, 2023
Bluntz noted that INJ had experienced a nearly 25% dip, leading to a confirmed bullish divergence. This event was seen as a positive signal, potentially paving the way for a rally towards an anticipated all-time high of $47.
Despite the current price of INJ at $36.30 (down by more than 2% in the past day), Bluntz remains optimistic about its potential upward trajectory.
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Additionally, Bluntz expressed interest in the price movements of several layer-1 crypto projects, specifically SOL, AVAX, SEI, and SUI, suggesting that these assets are gaining momentum.
Among these, the analyst highlighted SUI, predicting a potential surge of over 28% from its current value.
$SUI prepping for the next leg up to $1 and beyond, this is a good dip to long imo.https://t.co/zHX9WYRMOM pic.twitter.com/IInw5xGaK9
— Bluntz (@Bluntz_Capital) December 29, 2023
The belief is that SUI might climb to $1 and exceed this mark, presenting a favorable opportunity for long-term investment, considering the current dip in its price.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
