đ Analysis and Prediction (INJ and ICP):
đ INJ/USDT - Cryptocurrency traders and analysts are optimistic about the prospects of INJ. Forecast: The analysis of the daily timeframe provides a mixed forecast. On one hand, after reaching the peak, the price of #inj formed several long upper wicks, considered a sign of selling pressure. However, the daily RSI experienced a bullish breakout of the bearish divergence trendline, indicating the continuation of the bullish trend. Thus, despite the potential for a short-term pullback indicated by the timeframe, the longer-term trend appears bullish. According to the most likely scenario within Elliott Wave analysis, the price of INJ is currently in the fifth wave of a bullish structure, followed by a significant correction. The projected culmination target for this movement is around $40, representing a 35% increase from the current price. Since there is no bearish divergence on the weekly RSI, the fifth wave may expand and potentially reach the subsequent target at $60. This would signify a 110% increase in INJ. Therefore, the price behavior around the $40 level will be crucial and will indicate whether the fifth wave continues to expand.
đ ICP/USDT - Cryptocurrency analysts have mixed views on the prospects of ICP. Forecast: The shorter six-hour chart provides mixed signals. Price dynamics show that the token made a bullish breakout from the ascending parallel channel, indicating a bullish trend and an impulsive upward movement. However, #icp also formed a double top, considered a bearish pattern. The double top is accompanied by bearish divergence on the six-hour RSI. If the decline continues, the Fibonacci 0.382 correction level will be around $8.47, almost 10% below the current price. However, since there is no horizontal support at this level, the altcoin may fall by 20% and reach the Fibonacci 0.5 correction level at $7.40.
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