Crypto analyst David predicts that PIXEL is poised for a rally of around 30%. Analyst Lockridge Okoth says INJ price is poised for a breakout following the deep correction. We have compiled analysts’ predictions for these 2 altcoins for our readers.
PIXEL price prediction: Is the altcoin ready to make a bullish move?
Pixels (PIXEL) price broke above the $0.62 resistance zone on March 9, 2024. Thus, it reached its all-time high of $1.04. This area has provided resistance for 19 days since listing. Therefore, it is expected to provide strong support for the price in the future. Indeed, the $0.62 zone helped the price bounce strongly when it was retested on March 19 (yellow arrow). After the initial recovery, the altcoin price tested this zone again on April 3 (green arrow).
PIXEL price has managed to stay above this region for the last 4 days. It also created candles with long lower wicks, indicating buying pressure. Meanwhile, the daily RSI has halted its decline and formed a hidden bullish divergence. This is a bullish signal that usually occurs before recoveries. Therefore, PIXEL price is likely to recover to the nearest horizontal resistance zone at $0.85 in the near future. This figure represents an increase of 28.19% from the current price.
The most likely outlook shows PIXEL price rising to the $0.85 region in the near future. However, before doing so, it is likely to retest the $0.62 zone.
INJ price prediction: GThe trio is preparing for a recovery!
The artificial intelligence (AI) coin saw a rejection at $53. Since then Injective (INJ) price has fallen approximately 40%. However, INJ price continues to receive support as the demand zone turns into a bullish breaker between $28.64 and $30.40. Meanwhile, INJ price may recover as the Relative Strength Index (RSI) argues for further downside.
The key levels to pass in the northward trend are $40 and $45. A strong break above these levels could see the altcoin price recapture the $53 range high. In the event of a strong uptrend, it is possible for the INJ price to break through this blockade. In this case, it is possible to record a new local peak around the $55 or $60 threshold. Notably, the bullish thesis depends on the demand zone it holds as support.
However, if sellers push the INJ price below the centerline of the supply zone at $29.53, this will confirm that the downtrend is continuing. This is likely to extend the decline of the AI token, potentially to the $25 threshold. A candlestick close below this base on the daily time frame invalidates the bullish thesis.
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.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!