The crypto market is showing early signs of recovery. Ethereum has risen to $2043 after last week's low of $1774. Altcoins like Injective (INJ) and Jasmycoin (JASMY) are also showing growth after overcoming recent challenges.
Ethereum Outlook
Ethereum has reached $2043 after a choppy start to March, indicating growing investor confidence. This rise might mark the beginning of a larger rally, impacting the whole altcoin market.
Injective (INJ) Analysis
INJ's daily chart shows a falling wedge pattern suggesting a possible reversal. After hitting a low of $8.18, the token has rebounded to $10.15 and is nearing the wedge's upper boundary. A breakout and successful retest could target the 50-day moving average and resistance around $16.81.
Jasmycoin (JASMY) Prospects
JASMY is also trading within a falling wedge, reaching a low at $0.011. Buyers have started accumulating, lifting the price to $0.014. A breakout of the upper boundary could push the token towards the $0.023 area, and with continued bullish momentum, up to $0.03472.
INJ and JASMY are at critical technical levels, suggesting potential trend reversals. Nonetheless, the overall market sentiment and the upcoming Federal Reserve meeting will play a crucial role in future developments.
