Cardano

Injective

Polkadot

Rekt

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 A closely followed crypto analyst says that one decentralized finance (DeFi) altcoin is setting the stage to revisit its all-time highs.
 Pseudonymous crypto strategist Rekt Capital tells his 369,500 subscribers on the social media platform X that the decentralized exchange (DEX) platform Injective Protocol (INJ) is positioning itself to skyrocket to its previous all-time high of around $21.40.
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 “Injective just needs to stay above either $13.50 (orange) or $11.23 (green) to continue to position itself for a long-awaited revisit of the last major resistance before new all-time highs (red).”&nbsp;
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F_QSwUgXgAA3Zuu?format=jpg&amp;name=large" alt="" width="1063" height="499">
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 Source: RektCapital/X
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 INJ is trading for $16.55 at time of writing.
 The trader then brings up the smart contract platform Solana (SOL), saying that a pullback to $42 would be “healthy,” but that a correction as far as the $23 could be possible.
 “SOL. Also tapped the $61 resistance, even overextending beyond it. Is it time for Solana to pull back? It would be entirely healthy for a dip to $42 (red) Generally, a monthly close above the purple area would be bullish and invalidate the green path.”&nbsp;
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F_QPGfTXMAAxGUr?format=png&amp;name=large" alt="" width="1063" height="499">
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 Source: RektCapital/X
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 Solana is trading for $59.66 at time of writing.
 Moving on to Cardano (ADA), another smart contract platform, Rekt Capital says that it is trading within a wide range between resistance at $0.40 and support at $0.24.
 “Cardano is forming a very clear macro range.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img loading="lazy" decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F_QQtrIWsAAZi4_?format=jpg&amp;name=large" alt="" width="1063" height="499">
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 Source: RektCapital/X
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 Cardano is worth $0.381 at time of writing.
 Rekt Capital is also keeping an eye on the&nbsp;interoperable blockchain Polkadot (DOT). According to the analyst, DOT could witness further rallies if it stays above its diagonal support at around $5.
 “Polkadot is now pulling back in an effort to successfully retest the top of this macro market structure as new support. Successful retest would confirm the breakout.” 
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img loading="lazy" decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F_QRKDlXMAAatwz?format=jpg&amp;name=large" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: RektCapital/X
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 DOT is trading for $5.42 at time of writing.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-says-defi-altcoin-gearing-up-to-revisit-all-time-highs-updates-outlook-on-solana-cardano-and-polkadot-tbt70955.html">https://thebittimes.com/analyst-says-defi-altcoin-gearing-up-to-revisit-all-time-highs-updates-outlook-on-solana-cardano-and-polkadot-tbt70955.html</a>

Analyst Says DeFi Altcoin Gearing Up To Revisit All-Time Highs, Updates Outlook on Solana, Cardano and Polkadot

TheBitTimes

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