Injective

Internet Computer

Vanar Chain

Rekt

<p>In the latest newsletter from Rekt Capital, the analyst provided an insightful examination of two cryptocurrencies: <a href="https://captainaltcoin.com/vanar-chain-vanry-and-injective-inj-show-promising-bullish-patterns-expert-eyes-major-price-breakouts/" target="_blank" rel="noopener noreferrer nofollow">Vanar Chain (VANRY) and Injective (INJ).</a></p>
<p>Rekt Capital highlighted the recent developments surrounding Vanar Chain, specifically its Falling Wedge-like structure. The analyst noted that VANRY needed to retest the significant support level of $0.088 to continue its upward trajectory.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-596-1024x723.png" alt="" class="wp-image-559798" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-596-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-596-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-596-768x542.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-596-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-596-2048x1446.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-596-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-596-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-596-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-596-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-596.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><strong><em>Read Also: <a href="https://captainaltcoin.com/internet-computer-icp-and-hedera-hbar-lead-the-pack-in-development-activity-who-else-is-on-the-list/" target="_blank" rel="noopener noreferrer nofollow">Internet Computer (ICP) and Hedera (HBAR) Lead the Pack in Development Activity – Who Else is on the List?</a></em></strong></p>
<p>After achieving this retest, VANRY closed above the upper boundary of its blue pattern, confirming a breakout.</p>
<p>Today’s chart illustrated that VANRY successfully followed its projected green path, breaking free from the blue downtrending channel. Most importantly, this technical shift positioned VANRY to challenge a crucial Macro Downtrend that has been in place since mid-March 2024.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="686" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-595-1024x686.png" alt="" class="wp-image-559790" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-595-1024x686.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-595-300x201.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-595-767x514.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-595-1536x1029.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-595-2048x1372.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-595-224x150.png 224w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-595-100x67.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-595-522x350.png 522w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-595-788x527.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-595.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The analysts emphasized that a weekly close above this downtrend could serve as a powerful signal for VANRY to initiate a new macro uptrend.</p>
<h2 class="wp-block-heading" id="injective-inj-usdt">Injective – INJ/USDT</h2>
<p>Shifting focus to Injective, the analysts recapped their earlier discussions about INJ’s ongoing consolidation within a Downtrending Channel. Since those discussions, INJ managed to reclaim the critical $18.02 level, allowing it to break out from its <a href="https://www.thinkmarkets.com/en/trading-academy/indicators-and-patterns/falling-wedge-pattern/#:~:text=The%20falling%20wedge%20pattern%20occurs,trend%20line%2C%20or%20wedge's%20resistance." target="_blank" rel="noopener noreferrer nofollow">Falling Wedge structure. </a></p>
<p>This breakout led to an impressive 21% increase, bringing INJ closer to the orange Range High at $23.46.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/xrp-price-could-completely-rip-higher-says-analyst-heres-his-outlook/" target="_blank" rel="noopener noreferrer nofollow">XRP Price Could ‘Completely Rip Higher,’ Says Analyst: Here’s His Outlook</a></em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="686" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-598-1024x686.png" alt="" class="wp-image-559814" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-598-1024x686.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-598-300x201.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-598-767x514.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-598-1536x1029.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-598-2048x1372.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-598-224x150.png 224w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-598-100x67.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-598-522x350.png 522w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-598-788x527.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-598.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>For further upward momentum towards the red-boxed resistance around $27.50, INJ needs to secure a weekly close above the orange Range High. Until then, there remains the potential for a <a href="https://www.investopedia.com/terms/p/pullback.asp" target="_blank" rel="noopener noreferrer nofollow">pullback</a> to the top of the Wedge from which it broke out, serving as a post-breakout retest.</p>
<p>The analysts highlighted two key levels visually represented by blue circles: one emphasizing the necessity of closing above the orange Range High and the other indicating the possibility of a pullback.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="686" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-597-1024x686.png" alt="" class="wp-image-559806" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-597-1024x686.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-597-300x201.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-597-767x514.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-597-1536x1029.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-597-2048x1372.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-597-224x150.png 224w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-597-100x67.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-597-522x350.png 522w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-597-788x527.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-597.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Overall, while INJ has made strides in breaking out of its previous structure, it remains trapped between the $18.02 Range Low and the $23.46 Range High, indicating ongoing consolidation.</p>
<p>Despite the breakout signaling a potential new uptrend, the analysts suggested that INJ may need to spend some time within this re-accumulation phase before building on its newfound momentum.</p>
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<p>The post <a href="https://captainaltcoin.com/injective-inj-and-vanar-chain-vanry-prices-moving-as-predicted-heres-when-to-expect-a-rally/" rel="noopener noreferrer nofollow">Injective (INJ) and Vanar Chain (VANRY) Prices Moving as Predicted – Here’s When to Expect a Rally</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Injective (INJ) and Vanar Chain (VANRY) Prices Moving as Predicted – Here’s When to Expect a Rally

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