Long

$INJ update: still in a raising pattern

Updated

Following this weekend’s mini crash when Israel targeted Iran, creating uncertainty and pushing dominance up to 60%, most altcoins experienced another pullback. The index (alts excluding and ) has dropped to 500B, impacting the broader altcoin market.

has not performed well, mainly because many early investors who bought at $2 are now gradually taking profits after a 10x gain, creating ongoing selling pressure.

Despite this, continues to build partnerships (most recently with FETCH) and expand listings (such as Upbit), showing sustained investor interest. However, selling pressure has been counterproductive, limiting 's ability to rally significantly.

The chart indicates a rising wedge channel, with new support levels forming and higher lows, signaling a shift towards bullish control.

appears ready for an explosive move as profit-taking subsides and new investors hold. The support and resistance levels on the chart will be monitored, with updates as the market unfolds.

Note

Pretty accurate so far. is a solid altcoin that is catching up with
is following the indicators quite accurately.
dominance is going parabolic with a 60% dominance, and of course this is impacting the altcoins negatively.
However it is just a matter of time until this situation turns in favor of altcoins, dominance never passed 70% so we are close to the historic top.
This is an updated chart for you to study.

Note

You know that is one of my best investment for this altseason.
The fact it had a massive correction is a good sign, it is ready to reverse and pump hard.
- has low inflation (<10% APR)
- has low marketcap of 2B for a huge ecosystem. It can pump x10 from here.
- FDV is almost equal to its valuation, so if it pumps, it will pump really hard.

The pump may start as soon as the election results are published and Trump wins.

Order cancelled

We got to $24 and now $16. It is awful. No other words. This idea was partially valid, now it is wrong.
has broken all the support on the downside. is still at 68k.
It is looking like the dotcom crash to me.

Note

This said, it is really cheap. The green box is the buy zone. Most altcoins are cheap. Time to buy before the altseason to strike.

Note

Actually this idea was again really accurate. We reached today the middle of the raising range. I will publish an update soon.

CryptoNikkoid

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