The post Injective Surges 10% as Supply Held by Whales Declines, Dogecoin Whales Dump Tokens, but Dogen is Poised for 1000% Profits appeared on BitcoinEthereumNews.com.

A bull run in the crypto market is on the horizon, with altcoin season just around the corner. The overall market situation remains calm, but altcoins are at their low points and primed for a significant surge. Injective has seen a 10% increase as the supply held by large investors, known as whales, declines. Meanwhile, major Dogecoin holders are offloading their tokens, creating shifts in the market. On the other hand, Dogen appears ready for massive gains, with potential profits reaching up to 1000%. This article dives into the current market movers and highlights the altcoins that could be poised for explosive growth. Injective (INJ) Poised for a Bullish Surge as Altcoin Season Gains Momentum Injective (INJ) is navigating a current price range of $14.20 to $20.71. Despite a slight dip of 5% over the last week, it has gained over 11% in the past month, indicating bullish potential. The 10-day moving average of $17.18 is a key level to watch, with the price nearing the first resistance at $25.00. Breaking this could lead INJ towards the next target of $31.51, showing over a 50% rise from current levels. With an RSI of 53.33 and a Stochastic of 22.16, there is room for further upside. Stay tuned as INJ aims to capitalize on the bullish market sentiment. Dogecoin Set to Break Out? Bulls Eye Resistance Levels Dogecoin is currently trading between $0.0894 and $0.1057. The bulls seem to be holding ground, evident by its 3.6% gain over the past month. Immediate resistance is at $0.1161, followed by another at $0.1324. If DOGE pushes past these levels, we could see a significant rise. With a resistance break, the coin could climb by over 20% in the near term. Analysts will be watching closely as the RSI hovers around a neutral 50.5,…

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Filed under: News - @ September 6, 2024 3:14 am