The post What’s Next for Injective (INJ), Arbitrum (ARB), & AIOZ Network (AIOZ) Price: Will These Altcoins Rebound & Reach Upper Targets? appeared first on Coinpedia Fintech News
As previously stated, the crypto markets continue on their roller coaster ride, with cryptos exhibiting high volatility. After a brief consolidation near $60,000, BTC prices rebounded above $63,000, ending the bearish trade setup. Now that the longs have played well, some altcoins, such as INJ, ARB, and AIOZ, have performed exceptionally well. Micheal van de Poppe, a well-known analyst, forecasts the next price action for these cryptos.
AIOZ Network has been trading under bullish influence for over a month and after a brief consolidation, the token could soon begin with a fresh upswing. While the market dynamics were neutral since the start of the month, the AIOZ price maintained a healthy upswing and soared above 50%. Therefore, the analyst believes this token appears to be very promising and one of the strongest trending assets.
“This one looks very promising and is one of the strongest trending assets.
In trend level to hold: $0.65-0.68.
If that’s lost, the long-term investment region comes into play.
If we hold, I expect $1.35-1.45 might seem next.
Very strong one,”
AIOZ price has been on a massive upswing since the early trading hours, accumulating 11% gains and reaching levels above $0.86. Therefore, the next price action may elevate the levels beyond $1 and reach the target set by the analyst. The next altcoin on the list is Injective, which has dropped nearly 70% against BTC. Hence, the analyst believes that the token may be a good time to accumulate and it is in an attractive area for a long.
“The hype has faded away, and it’s down 70% against Bitcoin.
A prime example of rotation.
Peaked at December ‘23. Bitcoin did a +70% sine then, INJ a ~40%.
Never marry your bag; rotate to Bitcoin to make more Bitcoin.
An attractive area for long.”
Collectively, the analyst believes this is a good opportunity to long and rotate it to Bitcoin, as the current trade set-up appears to be extremely bullish. The INJ/BTC has dropped to the bottom and triggered a rebound. Now that the retracement appears to have been fulfilled, the next bullish action may soon begin.
Talking about Arbitrum, Poppe says that the token has undergone enough descending trend and is at the end of the correction. Therefore, once the ARB price retests the lower wick range between $0.925 and $0.86, a strong rebound could assist the token to regain the lost levels.
“This one has a full correction and is at the end stage of the correction.
Massive cascade in the past week, through which the markets often fill that wick in the weeks after.
In that regard, markets are close to the end of the correction,”
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