Crypto analyst Akash Girimath predicts a 20 percent correction for ARB Coin. Analyst Aaryamann Shrivastava expects a 55 percent rally for FTM. Analyst Ryan James charts an upward trajectory for INJ.
ARB Coin price prediction: 20% correction is on the table for the altcoin!
Arbitrum (ARB Coin) broke below the $1.79 and $1.67 support levels, starting from the March 16 crash. Since then, ARB has lost 24% of its value. The token is currently trading at $1.48. Usually, a break of key support is followed by a retest confirming that this level has turned into resistance.
If such a development were to occur, investors could expect Arbitrum price to trigger a 13% to 20% upside move that retests the aforementioned resistance zone. If sellers are in control, ARB will likely face intense rejection, dropping roughly 20% from $1.67 to the next key support level at $1.34. The Relative Strength Index (RSI) and Awesome Oscillator (AO) are trending below their respective average levels of 50 and 0. These also support the downward movement.
On the other hand, if Arbitrum turns the $1.79 resistance level into a support base, the bearish thesis will be invalidated. In such a case, it is possible for the ARB Coin price to make a 12% move to the psychological level of 2 dollars.
FTM price prediction: The key is to beat $1!
FTM price is currently trading at $0.98 and is approaching $1.00. Turning this level into support will allow the Fantom token to reach the target price of $1.61. This would indicate a price increase of 55%. We determine this target using the Parabolic Curve Model that FTM recorded in mid-February. The altcoin did not successfully correct to test the support zone of 3 key levels. Despite this, it failed to chart the upside.
The disadvantage is that the FTM price cannot exceed $1 and if it retreats, it will retest the support zone. However, if FTM falls from this zone, the bullish view will be invalidated. In this case, it will likely retest $0.80 as support.
INJ price prediction: $40 possible if bearish indicators cool down!
The four-hour price chart for Injective Protocol (INJ) shows a narrow trading range. The token is trading below major moving averages. Additionally, consolidation within this band indicates the accumulation of savvy investors anticipating future price growth. INJ is going through a consolidation phase below key Exponential Moving Average (EMA) levels. Analysts highlight the price’s struggle to rise above the 20, 50, 100, and 200 EMAs. They typically associate this scenario with a bearish trend
Finally, with INJ teetering on critical levels, the possibility of reaching the coveted $40 milestone depends on a decisive change in market momentum. Technical indicators point to the possibility of an underlying reversal. However, only time will tell whether INJ can muster the momentum necessary to overcome bearish hurdles and enter a new bullish trajectory. If the bearish momentum accelerates, INJ will likely retest key support in the $30 range.
The opinions and predictions in the article belong to the analysts and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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