The cryptocurrency market has begun to show strength again. While the leading cryptocurrency Bitcoin rose above $ 37 thousand, the leading altcoin Ethereum regained $ 2,000. Amidst these developments, a cryptocurrency analyst with a wide following says that 2 altcoins are ready to skyrocket. The analyst who updated the ADA view also expects a correction for a coin that has been popular recently.
Rekt Capital: This altcoin is poised to skyrocket
As you follow on Kriptokoin.com, the market started the new week in the green zone. With the influence of Bitcoin-friendly Javier Milei being elected president in the Argentine election, the positive sentiment in the market pushed Bitcoin and altcoins north. Amid these developments, the popular cryptocurrency analyst nicknamed Rekt Capital shared his latest market predictions. Decentralized exchange (DEX) platform Injective Protocol (INJ) is poised to skyrocket to an all-time high of around $21.40, the analyst says. In this context, Rekt Capital makes the following statement:
Injective must remain above $13.50 (orange) or $11.23 (green) to continue positioning for a long-awaited revisit of the last major resistance before new all-time highs (red).
Source: Rekt CapitalMeanwhile, INJ was trading at $16.51 at the time of writing, up 4% on a daily basis. The altcoin also recorded gains of over 93% on its monthly chart.
Analyst also expects a rally from DOT
Rekt Capital also follows Polkadot (DOT) closely. According to the analyst, further rally is possible if DOT remains above the diagonal support around $5. In this regard, the analyst shares the following assessment:
Polkadot is now pulling back in an attempt to successfully retest the top of this macro market structure as new support. A successful retest will confirm the breakout.
Source: Rekt CapitalMeanwhile, DOT was trading at $5.39 at the time of writing, up 2% on a daily basis. The altcoin is sitting above a gain of approximately 46% on its monthly chart.
Rekt Capital: A correction would be healthy for this altcoin!
The analyst then brings up the smart contract platform Solana (SOL). Rekt Capital says a pullback to $42 would be “healthy” for SOL. However, he states that a correction up to $23 may also be possible. The analyst expresses his views on this prediction as follows:
LEFT: It also touched the $61 resistance and even surpassed it. Is it time for Solana to step back? A decline to $42 (red) would be completely healthy. Generally, a monthly close above the purple area will be bullish and invalidate the green path.
Source: Rekt CapitalMeanwhile, Solana was changing hands at $57.86 at the time of writing, down 2.95% on a daily basis. However, the altcoin gained over 117% on its monthly chart. It also gained 3.7% on a weekly basis.
“ADA creates a very clear macro range!”
Finally, the analyst looks at another smart contract platform, Cardano (ADA). Rekt Capital says ADA is trading in a wide range between resistance at $0.40 and support at $0.24. “Cardano creates a very clear macro range” for the altcoin, the analyst said. says.
Source: Rekt CapitalMeanwhile, Cardano was trading at $0.3881 at the time of writing, up 2.5% on a daily basis. The altcoin also increased by 4.83% on a weekly basis and approximately 55% on a monthly basis.
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