Altcoins
What is the future price of Injective (INJ), Arbitrum (ARB) and AIOZ Network (AIOZ)
As stated earlier, cryptocurrency markets continue their roller-coaster ride, with cryptocurrencies exhibiting high volatility. After a brief consolidation near $60,000, BTC prices it rebounded above $63,000, ending the bearish trading setup. Now that longs have performed well, some altcoins, such as INJ, ARB, and AIOZ, have performed exceptionally well. Michael van de Poppea well-known analyst, predicts the next price action for these cryptocurrencies.
AIOZ Network has been trading under a bullish influence for over a month and after a short consolidation, the token may soon start a new recovery. Although the market dynamics remained neutral since the beginning of the month, the price of AIOZ maintained a good recovery and rose above 50%. Therefore, the analyst believes that this token is very promising and one of the strongest trending assets.
“This looks very promising and is one of the strongest trending assets.
Trend level to hold: $0.65-0.68.
If this is lost, the region of long-term investments comes into play.
If we hold, I expect the next price might look like $1.35-1.45.
Very strong,”
AIOZ price has seen a strong rally since the first hours of trading, accumulating gains of 11% and reaching levels above $0.86. Therefore, the next price action could lift levels above $1 and reach the target set by the analyst. The next altcoin on the list is Injective, which is down nearly 70% versus BTC. Therefore, the analyst believes that the token may be a good time to accumulate and will be in an attractive area for a long time.
“The hype has worn off and it is down 70% versus Bitcoin.
A great example of rotation.
It peaked in December of ’23. Bitcoin therefore made a rise of +70%, INJ a ~40%.
Never marry your bag; rotate on Bitcoin to produce more Bitcoin.
An attractive area for a long time.”
Overall, the analyst believes that this is a good opportunity to lengthen and pivot into Bitcoin, as the current trading setup appears to be extremely bullish. INJ/BTC fell to the bottom and triggered a rebound. Now that the retracement appears to be complete, the next bullish action may soon begin.
Speaking of Arbitrum, Poppe states that the token has undergone a fairly downward trend and is at the end of the correction. Therefore, once the ARB price retests the lower range between $0.925 and $0.86, a strong rebound could help the token regain the lost levels.
“This has a full fix and is in the final stage of fixing.
A huge cascade in the past week, through which markets often fill that wick in the following weeks.
In this regard, markets are close to the end of the correction,”
Also check: Selling started for Bitcoin, while Ethereum seems to be ready to mark lows below BTC