đ Prediction (TON and INJ):
đ #TON/USDT - Investors in #Toncoin are at a crossroads as the asset trades above the $5.00 mark, seen by most as a positive sign. Much of this optimism is driven by the Global In/Out of the Money (GIOM) indicator. It shows that around 2.12 million #TON tokens, valued at over $10.9 million, will move into profit territory once the coin's price surpasses the $5.33 threshold. Forecast: Considering these factors, the coin is likely to retrace towards $4.80, continuing its consolidation phase. However, significant selling pressure could push the price below the support level of $4.80 and potentially down to $4.48. Conversely, if investors refrain from selling during price rallies, Toncoin could have a chance to break above the $5.44 resistance level. Achieving this mark could pave the way for the coin to reach a new all-time high, challenging bearish predictions.
đ #INJ/USDT - Currently, Injective is trading around $34 after correcting more than 16% over the past week. During this time, network activity has significantly increased, as evidenced by the number of daily active addresses (DAA). In cases where the price drops while DAA rises, the market signals a buy. Forecast: Injective's price is close to breaking through the $35 resistance level. By surpassing this barrier and turning it into support, the asset could head towards $40. However, if the attempt to break through fails, #INJ may drop to $30, and if it loses this level as well, it could decline to $28.
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