Injective

Polygon

<div class="dailyhodl">
 <p>One widely followed crypto analyst thinks three leading altcoins are soon to enter bullish phases.</p>
 <p>Crypto trader Ali Martinez&nbsp;tells&nbsp;his 62,900 followers on the social media platform X that the decentralized supply chain management platform VeChain (VET) is on the verge of lift-off after a successful retest of a parallel channel.</p>
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 <p><em>“Like in the previous bull cycle, VeChain retests the upper boundary of a parallel channel before VET enters a bull rally.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GOkfKceWsAAF6dl?format=jpg&amp;name=4096x4096" alt="" width="1063" height="499">
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   Source: Ali Martinez/X
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 <p>VET is worth $0.0396 at time of writing, up 4% in the last 24 hours.</p>
 <p>Looking at the decentralized finance (DeFi) blockchain Injective (INJ), Martinez sees a&nbsp;historical precedent for an upcoming bull run. Martinez refers to the Thomas DeMark (TD) Sequential indicator, a technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> tool aiming to pinpoint precise price reversals&nbsp;based on the closing prices of the previous nine and 14 intervals.</p>
 <p><em>“The last two buy signals from the TD Sequential on the Injective weekly chart led to impressive bull runs of 700% and 555%. Now, this indicator is flashing another buy signal, suggesting that INJ could rally again!”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GOkecbYWEAAafja?format=jpg&amp;name=4096x4096" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Ali Martinez/X
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 <p>INJ is trading for $26.41 at time of writing, up 6.2% on the day.</p>
 <p>Referring again to the TD Sequential, the crypto analyst&nbsp;says&nbsp;that the Ethereum (ETH) layer-2 protocol Polygon (MATIC) is about to scale up.</p>
 <p><em>“The TD Sequential presents a buy signal on the MATIC weekly chart, anticipating Polygon will see a one to four weekly candlesticks upswing!”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GOkcw7BWgAA7Wjv?format=jpg&amp;name=4096x4096" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Ali Martinez/X
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 <p>MATIC is currently trading for $0.747, up 4% since yesterday.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/injective-inj-polygon-matic-and-one-additional-ethereum-based-altcoin-flashing-bullish-signals-analyst-tbt90049.html">https://thebittimes.com/injective-inj-polygon-matic-and-one-additional-ethereum-based-altcoin-flashing-bullish-signals-analyst-tbt90049.html</a></p>

Injective (INJ), Polygon (MATIC) and One Additional Ethereum-Based Altcoin Flashing Bullish Signals: Analyst

TheBitTimes

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