Crypto analyst Aaryamann Shrivastava stated that a significant bearish pattern has formed that will determine losses for FET holders, causing concern among investors. On the other hand, analyst Tiago Amaral stated that INJ’s technical outlook points to further rises and expects a rally for XLM Coin as well.
FET Price Prediction: Altcoin Trying to Break Out of Formation!
The price of FET is in the process of forming a head and shoulders formation. This formation can be a warning sign for potential losses. If FET falls below $1.19, this formation can be confirmed and trigger a major decline. However, if FET continues to maintain the $1.40 level, it is estimated that this support level will limit losses and provide relief for investors. If FET breaks the $1.71 resistance, the price is likely to rise to $1.95 and even $2.00. This will invalidate the bearish expectation and create an optimistic scenario for the altcoin.
INJ Price Prediction: Is a 36% Rise Coming?
The EMA lines for Injective (INJ) suggest that a short-term EMA is about to cross above a long-term EMA, indicating a potential ‘Golden Cross.’ If this happens, a revival of buying momentum is likely. If the crypto continues to rally targeting TradFi gains, INJ is likely to test the $26.5 resistance. A break above this level could trigger a rally to $29.4. If the momentum remains strong, INJ could even test $35.2. However, if the ‘Golden Cross’ fails to form, INJ could face downside pressure and drop to $23.98. A break below this level could trigger further declines and the price could drop to $19.7.
XLM Coin Price Prediction: $0.60 Target?
XLM’s EMA lines point to the ‘Golden Cross’ formation on January 1st and the subsequent price increases. Currently, XLM Coin is trading between the $0.47 resistance and the $0.41 support. If XLM breaks the $0.47 level, the price is likely to rise to $0.51. If the bullish momentum continues, XLM may also test $0.60. However, the weakening of the CMF and DMI indicators could indicate that the rally is losing steam. If the $0.41 support level is broken, XLM could experience a significant pullback and the price could drop to $0.35 or even $0.31.
