We have not witnessed a Santa Claus rally in the cryptocurrency market. In addition, the market had a somewhat dull start to the new year. However, the year is just starting and analysts are hopeful for some projects. An analyst who correctly predicted Bitcoin’s 2018 market bottom is predicting all-time highs for a DEX altcoin project. Besides, the analyst says that 4 tokens are ready to ignite the rise.
Bluntz: This altcoin has created bull milk, it’s ready for ATH!
cryptokoin.comAs you followed from , we entered the new year in a dull atmosphere. However, expectations are high for some tokens that have shown superior performance in recent months. A popular analyst nicknamed Bluntz is talking about a bullish divergence on the four-hour chart of Injective (INJ). Investors often follow bullish divergences closely because they signal the end of a corrective move. Bluntz shares a chart showing that INJ is poised to rise to its all-time high of $47. In this context, the analyst makes the following statement:
INJ has been something I’ve been trying to get into for a while. However, it continued to rise. It eventually fell almost 25%. Now a nice four-hour bullish divergence has been confirmed here.
Meanwhile, at the time of writing, INJ was trading at $37.79, down 0.34% over the past day. The altcoin lost 8.7% on its weekly chart. However, INJ price has increased by over 105% in the monthly time frame.
4 tier-1 tokens are ready to ignite the rise, according to the analyst!
Bluntz also tracks the price movements of four tier-1 altcoin projects. The analyst suggests that tier-1 native tokens are ready to ignite the next rally. In this regard, Bluntz shares the following assessment:
All layer-1s appear to be heating up again. Solana (SOL), Avalanche (AVAX), Sei Network (SEI), Sui Network (SUI).
The analyst takes a closer look at Sui (SUI) after this statement. Bluntz predicts that the altcoin will likely rise over 28% from current prices. In this context, the analyst said, “SUI is preparing for the next rise to $1 and beyond. “I think it’s a long bottom.”
Meanwhile, SUI was changing hands at $0.782 at the time of writing, losing 4.13% on a daily basis. However, the altcoin recorded a 4.5% increase on its weekly chart. Moreover, SUI has seen a 17% rise in the last month. On the other hand, the token’s annual performance remains in the deep red of approximately 83%.
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