Injective

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<p>Top crypto analyst Crypto Tony has shared his insights on the potential trajectories of two digital assets, SUI and INJ. His comprehensive chart analysis highlights&nbsp; market patterns, support/resistance levels, and candlestick formations, offering guidance to traders and investors.</p>
<h2 class="wp-block-heading" id="strong-sui-s-double-bottom-reversal-pattern-strong"><strong>SUI’s “Double Bottom” Reversal Pattern</strong></h2>
<p>In his <a href="https://x.com/CryptoTony__/status/1780901837509452277" target="_blank" rel="noopener noreferrer nofollow">analysis</a> of the SUI/USD pair, Crypto Tony’s keen eye identified a notable “W” shaped recovery pattern, which he believes could be forming a bullish “Double Bottom” reversal. This technical formation often signals a shift from a bearish to a bullish trend, as the price makes two distinct lows at roughly the same level before potentially reversing course.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdikuyNkKuNpSLoL00ERZoSNLv0u0SmZE4Tr3rIlokQR3_b9CwczHuoeBsT1sZbDaxRXQXIwmAfoHOkbEtjKa91lUvuGOxPwRKB4Zypy6woi8-HJh3ThGxfjUlr2JMIpqgx0YilyAvxiUDpH0EzTG9dEmg3?key=jzqnUGnCuCij7wc7mlyUEw" alt="">
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<p>Highlighting a critical horizontal line on the chart, Crypto Tony explained that this level has acted as resistance in the past but could now transition into a crucial support zone. “Unless we lose $0.90c, I remain in my long-term position,” he stated, underscoring his conviction in SUI’s bullish potential as long as the price holds above this pivotal level.</p>
<p>Moreover, Crypto Tony observed that after testing this resistance-turned-support level, the price surged higher but has since experienced a pullback. However, he views this pattern as a potential indication of changing investor sentiment, with the bears gradually giving way to bulls, potentially setting the stage for a shift in the medium-term trend.</p>
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<h2 class="wp-block-heading" id="strong-inj-token-building-a-solid-base-for-future-growth-strong"><strong>INJ Token: Building a Solid Base for Future Growth</strong></h2>
<p>Turning his analytical lens to the INJ/USD pair, Crypto Tony <a href="https://x.com/CryptoTony__/status/1780879691248746879" target="_blank" rel="noopener noreferrer nofollow">examined</a> the weekly chart of the Injective (INJ) token. His analysis revealed a high degree of volatility, with large price swings evident from the extended wicks on the candlesticks.</p>
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXewlVvcnbetSCOiSYCgzL276G4B1GVjXlyv_PMUBnsDeFf3UGwBoXeS_rXOOgZTH8XlgOyBI2mwCYiXkUyeqFJbcv-0Q14PjAP5HUAzLsGMjNhKiH082TyTzUIxl9_CX96xjPmTc1_-KI6GFE6FchOquN0F?key=jzqnUGnCuCij7wc7mlyUEw" alt="" style="width: 100%;height:auto">
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<p>While the latest candlesticks displayed a bearish downtrend, Crypto Tony identified a potential support level around the $20 mark, where buyers have previously stepped in. However, his advice for INJ was clear: “Build a base above $19.00 would be ideal over the next few months. Do not rush into a new position.”</p>
<p>This statement underscores Crypto Tony’s belief that INJ needs to establish a solid base above the $19.00 level before considering new long positions. He cautions against hastily entering new positions until this crucial base is formed, emphasizing the importance of patience and strategic market timing.</p>
<p>Overall, Crypto Tony’s analysis provides valuable insights into the potential future movements of the SUI and INJ tokens, offering guidance to traders and investors.</p>
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<p>The post <a href="https://captainaltcoin.com/top-analyst-sees-bright-horizon-for-sui-urges-calculated-patience-for-injective-inj-heres-his-outlook/" rel="noopener noreferrer nofollow">Top Analyst Sees Bright Horizon for SUI; Urges Calculated Patience for Injective (INJ) – Here’s His Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Top Analyst Sees Bright Horizon for SUI; Urges Calculated Patience for Injective (INJ) – Here’s His Outlook

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