BTC started September 30 with a decline and remains below $64,000. Altcoins are painted red. cryptocurrency Although the last quarter meant an increase for investors, the last day of September did not give much as expected. So, what is the current prediction of the cryptocurrency analyst for INJ Coin? BTC How many dollars are analysts targeting for?
INJ Coin Review
INJ Coin, which had been in decline for a long time, brought serious profits to its investors. Crypto Fella is on the agenda in today’s analysis. injective (INJ) took the coin. The name sharing the network statistics says that the price below $ 30 may be a reasonable area for purchasing.
“INJ Coin is one of my most confident bets in this bull run. There is still time to buy and he is considering it as long as the price remains below $30. Some on-chain data reminds us of the potential.
There are more than 988 Million network transactions.
More than 61 Million INJ Coins have been staked.
Over 6 Million tokens were burned.
88 million blocks were produced.”
Although INJ Coin, which maintains its base support at $ 16, started a steady decline process after this year’s rise, it can target above $ 50 again as it broke the falling trend line.
Bitcoin Predictions
We have started an extremely busy week on the macroeconomic front. However, since the Fed has already started to reduce interest rates, we may not see the immediate impact of possible surprise adverse data on policy. Just as the Fed waited for a long time to be convinced of a decline in inflation, it will now wait when it sees signs of the opposite. At this stage, the upward trend in cryptocurrencies is expected to continue despite intermediate declines.
Short-term movements are still overwhelming a significant number of investors, and Daan Crypto Trades wrote the following in its latest market review:
“Bitcoin
$63,953 It created good liquidity levels on both sides.
Below 62,600
Above $67,000
“These are the main levels to pay attention to in terms of liquidity.”
With one of these two levels broken, volatility can increase exponentially. The other name that addressed the current situation was innocent. According to him the decline PowellIt was triggered by the excitement of the statements he would make.
“This decline comes as traders await key economic data releases and a speech by Federal Reserve Chairman Jerome Powell that could provide clues about future monetary policy.
Despite today’s decline Bitcoin It showed a positive performance in September, gaining approximately 8% in value throughout the month. Historically, strong September performances have generally signaled an upward trend heading into the fourth quarter.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
