A Promising Altcoin: Injective (INJ) Gaining Momentum Against Bitcoin
A popular crypto analyst believes that Injective (INJ), an Ethereum-based altcoin, is poised to experience significant growth against Bitcoin (BTC). The analyst notes that the INJ/BTC trading pair chart shows an “incredibly bullish structure.” Looking at the chart, the trader suggests that INJ/BTC could soon break through a key resistance level and turn it into support. This comes after two failed attempts in recent days. INJ/BTC has already seen impressive gains of approximately 245% since October 16th, closing at 0.0009446 BTC ($40.75) from 0.0002737 BTC ($7.80).
Predicting a Breakout: Injective (INJ) and Chiliz (CHZ)
The trader also predicts that Injective is on the verge of a breakout after consolidating in the high $30s and low $40s range. The analyst believes that INJ will likely be another winner in the coming week. Additionally, the fan engagement token Chiliz (CHZ) is expected to undergo a trend reversal according to the trader. They have taken a CHZ position and anticipate significant gains if it breaks its two-year-long downtrend. Chiliz is currently trading at $0.106, experiencing a nearly 17% increase in the last 24 hours.
Hot Take: Promising Prospects for INJ and CHZ
Injective (INJ) and Chiliz (CHZ) are showing promising signs of growth against Bitcoin (BTC). The INJ/BTC chart exhibits an “incredibly bullish structure,” indicating potential gains ahead for INJ. Meanwhile, Chiliz is expected to reverse its downtrend, offering the opportunity for significant profits. Both altcoins have already demonstrated positive momentum, with INJ experiencing a 245% gain in the last three months and CHZ up nearly 17% in the last 24 hours. Crypto enthusiasts should keep a close eye on these coins as they could provide lucrative investment opportunities in the near future.
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