Hey crypto enthusiasts, gather ’round! There’s some exciting buzz in the digital currency realm, and it’s all about an under-the-radar altcoin gearing up for a breakout surge. The one and only Crypto Dog, a mysterious analyst with a cool pseudonym, is spilling the beans to his massive following on X, a popular social media platform.
Spotting Patterns and Predicting Surges
According to our crypto aficionado, the native token of the decentralized exchange GMX is quietly forming a colossal bullish pattern on its weekly chart. Picture this: GMX could be on the brink of a whopping 90% rally if it manages to break through the immediate resistance at $56.26. The Crypto Dog goes all artistic, describing it as “GMX painting a massive multimonth inverse head and shoulders.” And guess what? His measure rule points to a juicy target of $106 for GMX.
Numbers and Potential Gains
As we check the clock, GMX is currently trading at $56.56, just a smidge above that resistance level our trader friend mentioned. The excitement is tangible, and it’s not just about GMX. The Crypto Dog is spreading his bullish vibes to other players in the game, namely Near (NEAR) and Injective (INJ). “I’d like to see $7+ on NEAR, ~$50 on $INJ and $62-70 on GMX,” he shares with a dash of caution, hinting at possible reevaluation down the road.
Analyzing Near and Injective
Let’s zoom in on Near for a moment. Our analyst buddy believes it’s ready for a bullish ride after a friendly retest at $3.60 as support. “Ye, this looks like continuation,” he says casually. At this moment in time, NEAR is floating at $3.74, while INJ is strutting its stuff at $36.04.
So, fellow crypto enthusiasts, buckle up and keep your eyes on the market. The Crypto Dog has spoken, and the stage is set for potential gains and thrilling moves in the decentralized exchange altcoin arena. Happy trading!
