{"id":29440,"date":"2026-05-18T13:30:00","date_gmt":"2026-05-18T12:30:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=29440"},"modified":"2026-05-18T12:23:38","modified_gmt":"2026-05-18T11:23:38","slug":"kite-inj-ton-pengu-crypto-analysis","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/kite-inj-ton-pengu-crypto-analysis\/","title":{"rendered":"KITE and INJ soar, TON and PENGU plunge: Crypto market analysis"},"content":{"rendered":"\n
KITE<\/strong> led the weekly gains with an outstanding performance, trading in a range between $0.17<\/strong> and $0.21<\/strong>. This major technical breakout above key moving averages<\/strong> was fueled by heavy speculation on derivatives. The token displays a momentum dynamic<\/strong> rarely seen among small caps in the crypto market. If the $0.204<\/strong> support holds on the daily close, a fresh rally toward the local top of $0.23<\/strong> remains highly likely. Flipping the previous resistance into a new floor will be the decisive technical signal to watch.<\/p>\n\n\n\n Injective<\/strong> (INJ<\/strong>) has printed six consecutive green weekly candles<\/strong>, recording a +13.25%<\/strong> rally over the week. The token briefly broke the $5 psychological resistance<\/strong> before undergoing a 9%<\/strong> retracement over two days. This type of correction following a rapid upward move is standard and healthy in a bull run cycle. The price is currently consolidating in the $4.65 to $4.79<\/strong> zone, looking for a foothold before a new impulse. Defending the $4.62<\/strong> level is strictly required to keep the bullish structure intact.<\/p>\n\n\n\n These two performances contrast sharply with the general gloom surrounding altcoins amid an uncertain macro environment. The ability of KITE<\/strong> and INJ<\/strong> to hold their gains despite the weakness of Bitcoin<\/a> demonstrates significant relative strength<\/strong>. Traders engaged in swing trading are monitoring these assets as leading indicators for a return of risk appetite in the market. The open interest on INJ futures remains high, confirming the commitment of speculative capital. These combined signals reinforce the thesis of a crypto bull run currently in consolidation.<\/p>\n\n\n\n
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