Injective

Vanar Chain

Read

Rekt (rektarb.xyz)

Rekt

<p>In the latest Rekt Capital newsletter, the analysis of two cryptocurrencies, Vanar Chain and Injective, provides insights into their recent market movements.</p>
<p>Recently, <a href="https://coinmarketcap.com/currencies/vanar/" target="_blank" rel="noopener noreferrer nofollow">Vanar Chain (VANRY) </a>has shown a significant development by breaking its macro downtrend (illustrated in black). However, it appears to have faced challenges during its post-breakout retest, as marked by the orange circle.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-356-1024x723.png" alt="" class="wp-image-564313" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-356-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-356-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-356-768x542.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-356-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-356-2048x1446.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-356-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-356-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-356-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-356-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-356.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Last week, VANRY closed below the macro downtrend, which prevented it from reclaiming that level as support. If the price can maintain its current levels for the remainder of the week, there is potential for VANRY to position itself for another attempt at retesting the macro downtrend. This retest is crucial; a successful one could pave the way for a new macro uptrend over time.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/top-btc-analyst-says-bitcoin-price-will-crash-backs-statement-with-price-action-analysis/" target="_blank" rel="noopener noreferrer nofollow">Top BTC Analyst Says Bitcoin Price “Will Crash,” Backs Statement with Price Action Analysis</a></em></strong></p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://doge2014.io" target="_blank" rel="noopener noreferrer nofollow">Doge2014</a></strong> raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="noopener noreferrer nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="injective-could-dip-further-for-a-retest">Injective Could Dip Further for a Retest</h2>
<p><a href="https://newsletter.rektcapital.co/email/cd2a64c4-0216-4e87-ac75-1c7c9acebdaa/?ref=rekt-capital-newsletter" target="_blank" rel="noopener noreferrer nofollow">The analysis also</a> revisits the situation with INJ, which was previously noted for consolidating within its downtrending channel (depicted in light blue). Following a breakout, INJ surged directly into a resistance level at $23.46, where it faced rejection.</p>
<p><a href="https://captainaltcoin.com/expert-says-vanar-chain-vanry-and-injective-inj-prices-will-surge-when/" target="_blank" rel="noopener noreferrer nofollow">In last week’s analysis, the expectation </a>was set for a retest of the pattern’s top, which has since been confirmed (shown by the blue circle). Currently, INJ has validated its breakout from the downtrending channel but is now in a potential re-accumulation phase within the defined range of $18.02 to $23.46 (indicated by the black range).</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/crypto-community-turns-bearish-on-chainlink-xrp-solana-and-other-top-altcoins-but/" target="_blank" rel="noopener noreferrer nofollow">Crypto Community Turns Bearish on Chainlink, XRP, Solana and Other Top Altcoins, But…</a></em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-357-1024x723.png" alt="" class="wp-image-564321" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-357-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-357-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-357-768x542.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-357-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-357-2048x1446.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-357-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-357-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-357-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-357-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-357.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>There remains a possibility for<a href="https://www.coingecko.com/en/coins/injective" target="_blank" rel="noopener noreferrer nofollow"> Injective (INJ)</a> to dip into this range for a retest, and a volatile retest could even bring the price back to the top of the downtrending channel (light blue) for another breakout attempt.</p>
<p>The focus is on solidifying support around the confluent support area represented by the black range low and the top of the downtrending channel. Maintaining this support would set the stage for a move toward the range high (orange) over time.</p>
<p>This comprehensive analysis of VANRY and INJ highlights the intricate dynamics within their respective markets, emphasizing the importance of key resistance and support levels.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/vanar-chain-vanry-and-injective-inj-uptrends-halt-as-key-support-levels-break-whats-next-for-prices/" rel="noopener noreferrer nofollow">Vanar Chain (VANRY) and Injective (INJ) Uptrends Halt as Key Support Levels Break: What’s Next for Prices?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Vanar Chain (VANRY) and Injective (INJ) Uptrends Halt as Key Support Levels Break: What’s Next for Prices?

Table of Contents

CaptainAltcoin

Other articles published on Oct 10, 2024

Multiple Cities Explore Santa Monica’s Bitcoin Office Model as Public Interest Surges

Mt. Gox Extends Deadline for Debt Repayments to Creditors

Why RADAR Is Unlike Any Other Token: The Future of Decentralized Engagement

Shiba Inu Price Prediction: Current SHIB Crash Not Ending Anytime Soon

Whales Execute Massive Ethereum Sales Worth $113 Million

Genius Trump (GENTRUMP) Solana Memecoin Will Explode Over 19,000% Before Exchange Listings, As Sh...

Join our free newsletter for daily crypto updates!