Rally

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-major-surge-for-altcoin-gmx-and-highlights-near-and-inj/" data-wpel-link="internal">Analyst Predicts Major Surge for Altcoin GMX and Highlights NEAR and INJ</a><br></p>
<p style="text-align: justify">Experienced crypto analyst and trader <strong>The <a href="https://en.coin-turk.com/the-current-state-of-cryptocurrencies-bitcoin-and-altcoins-analysis/" data-wpel-link="internal">Crypto</a> Dog</strong> has noted that the decentralized exchange (<a href="https://en.coin-turk.com/what-is-a-decentralized-exchange/" data-wpel-link="internal">DEX</a>) GMX’s native asset GMX has formed a significant uptrend pattern on its weekly price chart. The analyst expects a strong breakout rally for the altcoin and also anticipates rises in Near Protocol (NEAR) and Injective (INJ).</p> 
<h2 style="text-align: justify" id="strong-gmx-anticipated-to-ignite-a-rally-up-to-90-strong"><strong>GMX Anticipated to Ignite a Rally Up to 90%</strong></h2> 
<p style="text-align: justify">The anonymous crypto analyst The Crypto Dog alerted his followers on <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude">social media</a> platform X about a significant uptrend formation on the weekly price chart of GMX, a DEX’s native asset. According to the analyst, if GMX surpasses the resistance level at $56.26, it could rally by 90%:</p> 
<blockquote> 
 <p>GMX is on the verge of triggering a massive multi-month inverse head and shoulders pattern. A conservative estimate suggests GMX could target $106.</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-296970" src="https://coin-turk.com/wp-content/uploads/2024/01/Altcoin-GMX.jpeg" alt="" width="557" height="1033"></p> 
<p style="text-align: justify">According to CoinMarketCap data, GMX has risen by 5.23% in the last 24 hours, trading at $58.36.</p> 
<h2 style="text-align: justify" id="strong-attention-also-drawn-to-near-and-inj-strong"><strong>Attention Also Drawn to NEAR and INJ</strong></h2> 
<p style="text-align: justify">Furthermore, The Crypto Dog expects a rise not only in GMX but also in the smart contract platform Near Protocol’s NEAR and another DEX, Injective’s INJ. The analyst sets a target of $7 for NEAR and around $50 for INJ. Providing a general assessment for the three altcoins, the analyst stated:</p> 
<blockquote> 
 <p>I’m expecting $7 for NEAR, roughly $50 for INJ, and $62-70 for GMX. I’ll reassess over time if necessary. My NEAR target might not be reached, but I’m hopeful.</p> 
</blockquote> 
<p style="text-align: justify">The analyst also highlighted that NEAR is likely to continue its ascent after recently retesting its support around $3.6, adding “Yes, it seems to be continuing.”</p> 
<p style="text-align: justify">Current data shows that NEAR and INJ have risen by 10.78% to $4 and by 9.1% to $39.08 respectively in the last 24 hours.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analyst-predicts-major-surge-for-altcoin-gmx-and-highlights-near-and-inj/" data-wpel-link="internal">Analyst Predicts Major Surge for Altcoin GMX and Highlights NEAR and INJ</a></h5>

Analyst Predicts Major Surge for Altcoin GMX and Highlights NEAR and INJ

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