📈 Analysis and Prediction (INJ and AVAX):
🤫 INJ/USDT - Cryptotraders and analysts with a bullish outlook on the price prospects of INJ. Forecast: Wave analysis confirms the possibility of further growth. The most probable scenario suggests that #inj is in the fifth and final wave of an upward movement that began in June. The price is approaching the first potential target for the peak of this movement at $25. The target will be achieved if the fifth wave is 0.382 times longer than the combined length of the first and third waves. However, the fifth wave is likely to be extended, as the weekly RSI has not yet formed bearish divergence.
🚀 AVAX/USDT - Cryptocurrency traders and analysts are impressed with the ongoing #avalanche rally. According to Elliott wave analysis results on the daily chart, the most likely scenario suggests that the price of #avax is currently in the fifth and final phase of an upward movement that started in October. The daily RSI is rising and is above the 50 level, supporting this optimistic forecast. Moreover, the index has broken the trend line of bearish divergence. All these factors indicate a bullish trend. If the upward impulse continues, the projected peak of this movement may be at $44. In this scenario, the fifth wave will be 0.618 times longer than the combined length of the first and third waves, meaning a 20% rise in AVAX. If the fifth wave extends further, the potential target will be at $58, coinciding with the combined length of the first and third waves. This target is 60% higher than the current price.
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