- INJ Struggles with Bearish Momentum
- AAVE Shows Bullish Potential After Key Support Bounce
- Key Takeaways from Analysts’ Predictions
According to analysis shared by crypto analysts Altcoin Sherpa and CryptoBull_360, Injective (INJ) and AAVE are experiencing notable price trends. INJ remains in a bearish phase, while AAVE shows signs of a bullish reversal.
INJ Struggles with Bearish Momentum
Altcoin Sherpa’s analysis of INJ paints a bleak picture, citing lower highs and the price trading below key Exponential Moving Averages. The pattern of lower highs suggests continuous selling pressure, making it difficult for INJ to break above past peaks. The price still trades below the 50, 100, and 200 EMAs, which supports the negative trend. Quote from Altcoin Sherpa: “I think that the chart is still bearish overall and I don't see an end to that quite yet. Lower highs across the board. Should bounce somewhere but I don't know where the real bottom is. Personally I doubt it reaches former ATH this cycle but I could be wrong.”
AAVE Shows Bullish Potential After Key Support Bounce
CryptoBull_360’s analysis of AAVE suggests a bullish outlook, supported by a harmonic pattern forming on the chart. AAVE has experienced multiple retests of a key support zone around the $115-$120 range. The analyst anticipates a potential 30%-40% upside from this level, with targets set between $150 and $160. The rising volume at support indicates that buyers are accumulating AAVE, reinforcing the possibility of a bullish breakout. Quote from CryptoBull_360: “AAVE bulls getting stronger after major retest & bounce off from the support since last days, expecting 30%-40% throwback from this zone, volume rising as good momentum, keep an eye on!”
Key Takeaways from Analysts’ Predictions
Both analysts agree that while INJ may see temporary bounces, its overall bearish structure remains intact. On the other hand, AAVE is positioned for a possible bullish reversal, contingent on continued buyer interest and support holding firm. These contrasting trends highlight the divergent market conditions for the two tokens.
Analysts' predictions indicate varying prospects for the two tokens: INJ is likely to continue declining, while AAVE may experience bullish growth if current conditions are maintained. Investors should consider these factors when making decisions.
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