Expert Says Vanar Chain (VANRY) and Injective (INJ) Prices Will Surge When…

In his latest update, Rekt Capital shared insights on the performance of Vanar Chain (VANRY). He noted that over the past few weeks, the focus on VANRY began when it was consolidating within its downtrending channel.

He emphasized that VANRY has recently shown positive movement, successfully closing above the macro downtrend line last week.

This development indicates that VANRY is currently undergoing a post-breakout retest, which is essential for confirming the end of the macro downtrend and the potential beginning of a macro uptrend. He pointed out that if the retest is successful, it would likely lead to a continuation of the upward trend.

Read Also: Celestia (TIA) Could Spike 60% if Price Closes Above Key Support This Week: Here’s the Outlook

Injective Continues Range Bound Movement

Moving on to Injective (INJ), he recalled earlier discussions about its consolidation within a downtrending channel. Since then, INJ has made significant progress, breaking out from the pattern and rallying by 30% to reach the range high resistance at $23.46.

Read Also: Why Is Mantra (OM) Price Gaining While Crypto Markets Fall? Analyst Explains

However, he clarified that for Injective (INJ) to maintain its upward momentum, it must reclaim this range high as support with a weekly close above it, followed by a successful retest.

Until that occurs, INJ is expected to continue consolidating within the established range of $18.02 to $23.46, which may include a deeper pullback to facilitate a retest of the breakout structure

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.