Analyst Says DeFi Altcoin Gearing Up To Revisit All-Time Highs, Updates Outlook on Solana, Cardano and Polkadot - The Daily Hodl

The Daily Hodl
The Daily Hodl

20 Nov 2023 3:30 PM

A closely followed crypto analyst says that one decentralized finance (DeFi) altcoin is setting the stage to revisit previous all-time highs while updating his outlook on two Ethereum (ETH) competitors as well as an interoperable blockchain protocol....

  • Crypto analyst Rekt Capital believes that the decentralized finance (DeFi) altcoin Injective Protocol (INJ) is positioning itself to reach its previous all-time high of $21.40.
  • INJ needs to stay above either $13.50 or $11.23 to continue its upward trajectory.
  • The smart contract platform Solana (SOL) may experience a pullback to $42, but a correction to $23 is also possible.
  • Cardano (ADA) is trading within a wide range between resistance at $0.40 and support at $0.24.
  • Polkadot (DOT) could see further rallies if it remains above its diagonal support at around $5.

The sentiment in the article is generally positive, as the analyst believes that several cryptocurrencies have the potential for growth and reaching new highs.

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You May Ask

What is the previous all-time high for Injective Protocol (INJ)?What are the potential price levels for a pullback in Solana (SOL)?What is the trading range for Cardano (ADA)?What condition would confirm a breakout for Polkadot (DOT)?What is the current trading price of Polkadot (DOT)?

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