The trader who correctly called Bitcoin (BTC)’s 2018 market bottom is predicting a new all-time high for one decentralized exchange (DEX) altcoin.
Household analyst Bluntz told his 234,000 followers on social media platform
Traders often watch bullish divergences closely as they can signal the end of a corrective move.
Bluntz shares a chart that suggests INJ is poised to rise to an all-time high of $47.
“INJ is something I have been trying to get involved with for a while and it has only continued to gain popularity.
Finally, it fell almost 25% and this is where the bullish divergence that we have been seeing for 4 hours was confirmed.”
As of this writing, INJ is trading at $36.30, down over 2% over the past day.
Bluntz is also following the price movements of four layer 1 crypto projects and believes their underlying assets are poised for: ignite Over the next bridge.
“It looks like all layer 1 is heating up again.
G, AVAX, SIX, SUI.”
Taking a closer look at Sui (SUI), analysts predict that the altcoin could surge more than 28% from its current price.
“SUI is gearing up for the next leg up to $1+. In my opinion, this is a great opportunity to invest for the long term.”
As of this writing, SUI is worth $0.78.
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Featured image: Shutterstock/SensVector/Philipp Tur