The longer the sideways price action goes on, the more explosive the eventual move can be. Both $INJ and $KAS have been moving sideways in ranges since before the new year. Are both ready to explode to the upside?
$INJ and $KAS are two of the leading altcoins. $INJ has a market cap of $3.3 billion, and $KAS is not far behind with nearly $3.2 billion in market cap. These two have been traversing sideways in a range since late 2023. The longer this accumulation period lasts, the more explosive can be the upside move, when, and if it comes.
Explosive price move for $INJ?
Source: Coingecko/Trading View
As can be seen in the daily chart above, $INJ is inside a rising channel, and the price is also inside a large range from $30 at the bottom level, to $45 at the top.
$INJ first reached the top of the channel, and the top of the range, back on 24 December 2023. Since then, the price has been traversing sideways. With more than three months of this type of movement, if $INJ is abl
We współpracy z: https://cryptodaily.co.uk/2024/03/injective-protocol-inj-and-kaspa-kas-ready-for-violent-moves
