In their latest newsletter, Rekt Capital discussed the Vanar Chain (VANRY) and its current market structure. They noted that VANRY has been forming a Falling Wedge pattern and it needs to retest the $0.088 mark as support to maintain its upward trajectory.

Cryptocurrency market analyst Rekt Capital has highlighted two promising bullish patterns emerging for Vanar Chain (VANRY) and Injective (INJ) in his latest newsletter.

After discussing the Falling Wedge pattern forming on VANRY, the analyst noted that the token needs to retest the $0.088 mark as support to maintain its upward trajectory.

“While the weekly closing price dropped below the diagonal resistance of the blue pattern, VANRY has still positioned itself for a potential post-breakout retest of this level, aiming to establish it as new support.”

Highlighting the key levels for VANRY, the analyst stated that the token is positioned to effectively contest the Macro Downtrend for a breakout opportunity, as long as the Bullish Divergence remains in effect.

“If successful, a breakout from this Macro Downtrend would set the stage for a new Macro Uptrend.”

Moreover, Rekt Capital provided an update on Injective (INJ), having previously identified its consolidation within a Downtrending Channel.

“Since that discussion, INJ has seen some price increases, but it has only managed to reach the upper boundary of this key pattern, setting the stage for a possible breakout.”

According to the analyst, for INJ to initiate a new uptrend after a prolonged period of decline, it will need to close above the upper limit of the pattern on a weekly basis.

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