Crypto analyst David says STBU has the potential to rise over 100 percent. Analyst Akash Girimath expects an upward move of up to 30 percent for INJ. We have compiled analysts’ predictions and evaluations for these 2 altcoins for our readers.
STBU price prediction: Altcoin may rise 110% in the coming weeks!
Stobox (STBU) price reached a yearly high of $0.185 in late December 2023. However, it has since declined. This move brought the price back to the previous key resistance zone at $0.051 for the week of February 5 – February 11, 2024 (green arrows). As the price fell into this zone, the bulls bought aggressively. It has also formed long wick candles below over the last few weeks.
This momentum has strengthened this week as the price is in the process of forming a large bullish candle. The RSI indicator has bounced back from the 50 level and is sloping upwards. This signals that the bulls are back. If the price continues to rise, it could potentially rise to a new yearly high of $0.185. This means a 109.84% increase for the altcoin.
The most likely scenario shows that the Stobox (STBU) price will continue to rise in the near future. The nearest target is $0.12. Additionally, the altcoin price has the potential to reach $0.18. The bullish view will be invalidated if the price falls and closes below the $0.079 zone on the daily time frame.
INJ price prediction: The token is on the verge of a move towards $55!
Injective (INJ) has seen more than two months of consolidation. Following this, the altcoin price is close to breaking the $31.09 to $43.40 range. INJ formed three distinct lower highs in this range. Joining these swing points using a trendline indicates that the altcoin is facing a lot of selling pressure. However, the latest move from the buyers changed the complexion of the situation. Because it pushed the INJ price to break through this descending resistance trend line level on February 27. Thus, the token rallied 13%. Interestingly, the liquidation event on March 5 sent INJ lower to retest this descending resistance level. This confirmed a successful return to a support base.
Now, Injective price is trading just below the $43.40 high. The altcoin is trying to surpass this level. As Bitcoin enters a consolidation process, altcoins are likely to break out. In such a case, INJ could trigger a breakout, resulting in a rapid 17% rise to $51. Considering that the target in question is close to the full $50 figure, INJ will naturally trend towards this level, making it a high probability level for the bulls. If the buying pressure continues, it is possible for the altcoin price to rise as high as $55. This represents a 28% gain for INJ.
On the other hand, if Injective price closes below $34.15 on the twelve-hour candlestick, this would create a lower low and invalidate the bullish thesis. Such a development is possible for INJ to return to the lower range at $31.09. This means a decrease of 9%.
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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