Following recent strong movements, Internet Computer and Injective are undergoing key retests. These digital assets are capturing the attention of crypto market participants.
Internet Computer Market Overview
Over the past month, Internet Computer has dropped nearly 28%, with a six-month decline of roughly 35%. The one-week loss of about 16% adds to the asset's instability. Currently trading between a support level around $3.39 and nearest resistance near $8.23. Indicators like an RSI at 37.64 suggest a move towards oversold levels.
Injective Downtrend: Key Levels
Injective has experienced significant decline, dropping 19.63% over a week, 40.31% over a month, and 55.00% in the last six months. Price fluctuated between $12.72 and $6.43. Current levels place Injective between $6.43 and $12.72 with key resistance at $16.72 and support around $4.14. Decline is accompanied by negative technical indicators.
Conclusion
Both tokens, ICP and INJ, show potential for upward movement based on positive momentum. Market indicators suggest possible recovery driven by increased interest and trading volume.
ICP and INJ are expected to continue attracting investors' attention in the near term. These tokens might demonstrate significant developments given current market indicators.
