Altcoins
What’s Next for Injective (INJ), Arbitrum (ARB), and AIOZ Network (AIOZ) Prices
As previously reported, cryptocurrency markets continue their roller coaster journey with cryptocurrencies exhibiting high volatility. After a brief consolidation near $60,000, BTC Price bounced above $63,000, ending the bearish trade pattern. Now that long positions 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 movement of these cryptos.
AIOZ Network has been trading under bullish influence for over a month and after a brief consolidation, the token may soon begin with a fresh rally. While market dynamics were neutral since the beginning of the month, the AIOZ price maintained a healthy rise and soared above 50%. Therefore, the analyst believes that this token seems to be very promising and one of the most trending assets.
“This one looks very promising and is one of the hottest assets.
At trend level to maintain: $0.65-0.68.
In case of loss, the long-term investment region comes into play.
If we maintain our position, I expect $1.35-1.45 to appear next.
Very strong, “
AIOZ price has seen a massive rise since the early hours of trading, racking up gains of 11% and reaching levels above $0.86. Therefore, the next price action could raise the levels beyond $1 and reach the target set by the analyst. The next altcoin on the list is Injective, which has fallen almost 70% against BTC. Therefore, the analyst believes that the token can be a good time to accumulate and it remains in an attractive zone for a long time.
“The hype has faded and it is down 70% against Bitcoin.
A great example of rotation.
Peaked on December 23. Bitcoin then made a sine of +70%, INJ a ~40%.
Never marry your bag; switch to Bitcoin to produce more Bitcoin.
An attractive territory for a long time.
Collectively, the analyst believes that this is a good opportunity to invest in Bitcoin as the current trading setup appears extremely bullish. INJ/BTC fell to the lowest and triggered a rebound. Now that the retracement appears to have been completed, the next bullish action could begin soon.
Speaking about Arbitrum, Poppe says that the token has undergone a sufficiently downward trend and is at the end of the correction. Therefore, once ARB price retests the lower range between $0.925 and $0.86, a strong bounce could help the token regain lost levels.
“This one has a complete correction and is in the final stages of correction.
Massive cascade over the past week, through which markets often fill this wick in the weeks that follow.
In this regard, the markets are close to the end of the correction.