Injective (INJ) is in the process of breaking out from a descending resistance line. Aptos (APT) and Sun (SUN) could soon break out from long-term resistance lines. Maker (MKR) and Quant (QNT) have already broken out.
Even though the month of May was mostly bearish for the cryptocurrency market, several altcoins posted significant gains, bucking the bearish trend in the process. The five altcoins below could do the same in June.
Injective (INJ) Altcoin Price Can Move to Double Digits
Since the beginning of the year, the INJ price has been mired in a five-wave upward movement. If so, it is currently in the fifth and final wave of this increase.
By studying recurring long-term price patterns and investor psychology, technical analysts utilize the Elliott Wave theory to ascertain the trend’s direction.
The INJ price will soon break out from its ascending parallel channel if the count is correct Then, it could increase to the next…
