Injective

Show

Base

Reversal

Coin

<p>Top crypto analyst Crypto Tony has shared his insights on the potential trajectories of two digital assets, SUI and INJ. His comprehensive chart analysis highlights&nbsp; market patterns, support/resistance levels, and candlestick formations, offering guidance to traders and investors.</p>
<h2 class="wp-block-heading" id="strong-sui-s-double-bottom-reversal-pattern-strong"><strong>SUI’s “Double Bottom” Reversal Pattern</strong></h2>
<p>In his <a href="https://x.com/CryptoTony__/status/1780901837509452277" target="_blank" rel="noopener noreferrer nofollow">analysis</a> of the SUI/USD pair, Crypto Tony’s keen eye identified a notable “W” shaped recovery pattern, which he believes could be forming a bullish “Double Bottom” reversal. This technical formation often signals a shift from a bearish to a bullish trend, as the price makes two distinct lows at roughly the same level before potentially reversing course.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdikuyNkKuNpSLoL00ERZoSNLv0u0SmZE4Tr3rIlokQR3_b9CwczHuoeBsT1sZbDaxRXQXIwmAfoHOkbEtjKa91lUvuGOxPwRKB4Zypy6woi8-HJh3ThGxfjUlr2JMIpqgx0YilyAvxiUDpH0EzTG9dEmg3?key=jzqnUGnCuCij7wc7mlyUEw" alt="">
</figure>
<p>Highlighting a critical horizontal line on the chart, Crypto Tony explained that this level has acted as resistance in the past but could now transition into a crucial support zone. “Unless we lose $0.90c, I remain in my long-term position,” he stated, underscoring his conviction in SUI’s bullish potential as long as the price holds above this pivotal level.</p>
<p>Moreover, Crypto Tony observed that after testing this resistance-turned-support level, the price surged higher but has since experienced a pullback. However, he views this pattern as a potential indication of changing investor sentiment, with the bears gradually giving way to bulls, potentially setting the stage for a shift in the medium-term trend.</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">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </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>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</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="strong-inj-token-building-a-solid-base-for-future-growth-strong"><strong>INJ Token: Building a Solid Base for Future Growth</strong></h2>
<p>Turning his analytical lens to the INJ/USD pair, Crypto Tony <a href="https://x.com/CryptoTony__/status/1780879691248746879" target="_blank" rel="noopener noreferrer nofollow">examined</a> the weekly chart of the Injective (INJ) token. His analysis revealed a high degree of volatility, with large price swings evident from the extended wicks on the candlesticks.</p>
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXewlVvcnbetSCOiSYCgzL276G4B1GVjXlyv_PMUBnsDeFf3UGwBoXeS_rXOOgZTH8XlgOyBI2mwCYiXkUyeqFJbcv-0Q14PjAP5HUAzLsGMjNhKiH082TyTzUIxl9_CX96xjPmTc1_-KI6GFE6FchOquN0F?key=jzqnUGnCuCij7wc7mlyUEw" alt="" style="width: 100%;height:auto">
</figure>
<p>While the latest candlesticks displayed a bearish downtrend, Crypto Tony identified a potential support level around the $20 mark, where buyers have previously stepped in. However, his advice for INJ was clear: “Build a base above $19.00 would be ideal over the next few months. Do not rush into a new position.”</p>
<p>This statement underscores Crypto Tony’s belief that INJ needs to establish a solid base above the $19.00 level before considering new long positions. He cautions against hastily entering new positions until this crucial base is formed, emphasizing the importance of patience and strategic market timing.</p>
<p>Overall, Crypto Tony’s analysis provides valuable insights into the potential future movements of the SUI and INJ tokens, offering guidance to traders and investors.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" 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-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </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/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/top-analyst-sees-bright-horizon-for-sui-urges-calculated-patience-for-injective-inj-heres-his-outlook/" rel="noopener noreferrer nofollow">Top Analyst Sees Bright Horizon for SUI; Urges Calculated Patience for Injective (INJ) – Here’s His Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Top Analyst Sees Bright Horizon for SUI; Urges Calculated Patience for Injective (INJ) – Here’s His Outlook

Table of Contents

CaptainAltcoin

Other articles published on Apr 18, 2024

The World IT Show 2024 Begins in Seoul

New Stablecoin Bill Might Bring Some Relief to Investors

Why This Solana Challengers Might Be the Investment of the Decade

Bitcoin Strengthens Market Hold as Altcoins Face Sharp Declines

Bitcoin Halving Brings Good Things For France: Coinbase Director

Fastest Growing Crypto Presale Project Raises Over $6.8 Million – New 100x Crypto Presale

Join our free newsletter for daily crypto updates!