In a fascinating turn of events, the trader famous for correctly calling Bitcoin’s 2018 market bottom is now setting the stage for a new all-time high on the decentralized exchange (DEX). Bluntz, a household name analyst with a significant following on social media platform
Decoding Signals: INJ Price Analysis
Seasoned analyst Bluntz pointed out a bullish gap on the 4-hour chart of decentralized exchange altcoin INJ. Bullish divergences are often used as indicators of the conclusion of a corrective move. Bluntz’s keen eye for market nuances suggests that INJ may be gearing up for a surprising surge, targeting an all-time high of $47. The current market price of INJ is 37.76.
Layer 1 crypto projects sparking next-generation advancements
Expanding his scope beyond INJ, Bluntz is closely monitoring the price movements of four layer 1 crypto projects: SOL, AVAX, SEI, and SUI. According to his analysis, these projects appear to be heating up again, indicating a potential upside for their underlying assets.
SUI: Jewelry in the making
Taking a closer look at SUI, Bluntz expects the current price to surge by more than 28%. He sees SUI as a promising next-level competitor and projects a price target of more than $1. The current price of SUI is $0.7811, which Bluntz sees as a favorable decline for long positions.
With cryptocurrency enthusiasts and traders eagerly awaiting the development of market dynamics, Bluntz’s insights have raised expectations for INJ and SUI in particular.