Injective

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 A trader who accurately called Bitcoin’s (BTC) 2018 market bottom is predicting fresh all-time highs for one decentralized exchange (DEX) altcoin.
 Pseudonymous analyst Bluntz tells his 234,000 followers on the social media platform X that a bullish divergence just flashed on the four-hour chart of Injective (INJ).
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 Traders often keep a close eye on bullish divergences as they may signal the end of a corrective move.
 Bluntz shares a chart suggesting INJ may be setting up to rally to an all-time high of $47.
 “INJ has been something I’ve been trying to get in on for a while but it just kept going up.
 It finally had an almost 25% dip and got a nice four-hour confirmed bull divergence here.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCn79uDbMAASR5O?format=jpg&amp;name=large" alt="Image" width="1433" height="1191">
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 Source: Bluntz/X
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 At time of writing, INJ is trading for $36.30, down over 2% in the past day.
 Bluntz is also following the price action of four layer-1 crypto projects and thinks that their native assets are primed to ignite the next leg up.
 “All the layer-1s look like they’re heating up again.
 SOL, AVAX, SEI, SUI.”
 Looking closer at Sui (SUI), the analyst predicts that the altcoin could surge over 28% from current prices.
 “SUI prepping for the next leg up to $1 and beyond, this is a good dip to long in my opinion.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCgOyTFasAANyiq?format=jpg&amp;name=medium" alt="Image" width="1171" height="777">
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 Source: Bluntz/X
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 At time of writing, SUI is worth $0.78.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-analyst-predicts-new-all-time-highs-for-defi-altcoin-says-layer-1-coins-are-heating-up-tbt75281.html">https://thebittimes.com/top-analyst-predicts-new-all-time-highs-for-defi-altcoin-says-layer-1-coins-are-heating-up-tbt75281.html</a>

Top Analyst Predicts New All-Time Highs for DeFi Altcoin, Says Layer-1 Coins Are Heating Up

TheBitTimes

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