HomeNewsNEAR and INJ Catching Attention: Analyst Signals Bullish Momentum

NEAR and INJ Catching Attention: Analyst Signals Bullish Momentum

- Advertisement -
  • NEAR currently trades at $7.06, with potential to overcome diagonal resistance and initiate a significant price increase.
  • Injective (INJ) garners attention for the first time in a while, trading at $34.85 after defending the $30 level.

Analyst Crypto Dog,recently updated his view on a blockchain platform that competes with Ethereum, indicating a potential increase in its market performance. Known as The Crypto Dog, the analyst shared that he sees positive momentum for Near (NEAR), a blockchain that supports smart contracts.

According to The Crypto Dog, NEAR is approaching a critical point where it might overcome its diagonal resistance, as shown in the daily trading charts. He suggests that NEAR is likely to experience a price increase, potentially reaching up to $9, based on current trends.

Related: Injective (INJ) Launches Ionic Upgrade to Strengthen Layer-1 Integration

Currently, NEAR is trading at $7.36. The Crypto Dog also mentioned Injective (INJ), another blockchain platform, noting its market activity has become notably interesting for the first time in a while after its price stabilized around $30.

As of now, INJ is trading at $35.49, showing an increase of nearly 3.43% in the last 24 hours.

The Crypto Dog posits that the recent market downturn might have served to deter speculative investors, maintaining an overall positive outlook for the cryptocurrency market. He anticipates that the market will soon clarify its direction, potentially within the next seven days, suggesting a readiness for upward movement or sustained growth across the cryptocurrency sector.

More about: Breaking Barriers: Injective Unveils CW-404 Token Standard to Challenge Ethereum’s Dominance

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628