Injective

Vanar Chain

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Rekt (rektarb.xyz)

Rekt

<p>In their latest newsletter, Rekt Capital discussed the Vanar Chain (VANRY) and its current market structure. They noted that VANRY has been forming a Falling Wedge pattern and it needs to retest the $0.088 mark as support to maintain its upward trajectory.&nbsp;</p> 
<p>Although the weekly closing price fell below the diagonal resistance of the blue pattern, VANRY has still positioned itself for a potential post-breakout retest of this level, aiming to establish it as new support.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-315-1024x723.png" alt="" class="wp-image-556401" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-315-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-315-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-315-768x542.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-315-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-315-2048x1446.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-315-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-315-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-315-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-315-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-315.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p class="has-text-align-center"><em>Source: Rekt Capital Newsletter</em></p> 
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/how-will-federal-rate-cuts-affect-bitcoin-price-heres-a-historical-breakdown/" target="_blank">How Will Federal Rate Cuts Affect Bitcoin Price? Here’s a Historical Breakdown</a></em></strong></p> 
<p>The ongoing retest appears to be progressing well, which could allow VANRY to challenge the significant black Macro Downtrend above. Successfully breaking through this downtrend would pave the way for a new Macro Uptrend.&nbsp;</p> 
<p>Additionally, as long as the Bullish Divergence remains in effect,<a href="https://coinmarketcap.com/currencies/vanar/" target="_blank"> VANRY</a> is poised to effectively contest the Macro Downtrend for a breakout opportunity.</p> 
<h2 class="wp-block-heading" id="injective-positioning-for-a-breakout">Injective Positioning for a Breakout&nbsp;</h2> 
<p><a href="https://newsletter.rektcapital.co/email/5e4b16f1-3fe3-4952-b0bb-cbdfec370880/?ref=rekt-capital-newsletter" target="_blank" rel="nofollow">Rekt Capital also provided</a> an update on Injective (INJ). They previously noted that INJ was consolidating within a Downtrending Channel.&nbsp;</p> 
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 <img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-314-1024x723.png" alt="" class="wp-image-556393" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-314-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-314-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-314-768x542.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-314-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-314-2048x1446.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-314-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-314-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-314-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-314-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-314.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p class="has-text-align-center"><em>Source: Rekt Capital Newsletter</em></p> 
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/bitcoin-price-pumps-following-big-economic-news/" target="_blank">Bitcoin Price Pumps Following Big Economic News</a></em></strong></p> 
<p>Since that discussion, INJ has seen some price increases, but it has only managed to reach the upper boundary of this key pattern, setting the stage for a possible breakout.&nbsp;</p> 
<p>For INJ to initiate a new uptrend after a prolonged period of decline, it will need to close above the upper limit of the pattern on a weekly basis.</p>  
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<p>The post <a href="https://captainaltcoin.com/vanar-chain-vanry-and-injective-inj-show-promising-bullish-patterns-expert-eyes-major-price-breakouts/">Vanar Chain (VANRY) and Injective (INJ) Show Promising Bullish Patterns; Expert Eyes Major Price Breakouts</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Vanar Chain (VANRY) and Injective (INJ) Show Promising Bullish Patterns; Expert Eyes Major Price Breakouts

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