Prix de Blue ProtocolBLUE

👀The 15-minute chart of Sonic Coin reveals a clear bearish trend,with the price moving within a downward channel marked by blue trendlines. 😳The EMA 20 🔎red line is positioned above the price confirming sustained bearish momentum. 👍Currently trading at $0.66460-11.24% key resistance levels are observed at $0.69692 and $0.76877. 😱A breakout above $0.67572 could signal a potential bullish pullback but if the price remains below this level the downtrend is likely to continue.

XTER, currently priced at $0.33 with a 24-hour high of $0.419, has attracted attention from investors seeking new opportunities. However, when evaluating XTER’s potential as a safe investment or high-risk play, it's crucial to consider its volatility, market sentiment, and comparative performance against other assets. XTER’s price movement is marked by noticeable fluctuations, such as its 24-hour high of $0.419, suggesting it may exhibit short-term volatility. This characteristic is typical of newer or less-established assets in the market, making them prone to sudden changes in value. Investors looking for stability may find this unsettling, as it contrasts with more predictable assets like blue-chip stocks or government bonds, which tend to provide steady returns with lower risk. However, compared to other speculative assets like cryptocurrencies, $XTER may offer a more controlled risk profile. While it does not exhibit the extreme volatility of assets like Bitcoin or Dogecoin, its price movements are still significant enough to appeal to those seeking higher returns within a defined range. For investors with a higher risk tolerance, XTER could present an opportunity to profit from market fluctuations. In conclusion, XTER is likely a high-risk play for those comfortable with volatility and seeking short-term gains. For conservative investors, however, it may not offer the same level of security as more stable, traditional assets. Understanding one’s risk appetite is essential before making any investment decision involving XTER.

Corrections offer great buying opportunities. Look for strong Layer 1 blockchains DeFi$DEFI platforms and blue chip cryptos like BTC$BTC and ETH.$ETH Buying now could lead to gains when the market rebounds. What’s on your list?

Corrections offer great buying opportunities. Look for strong Layer 1 blockchains DeFi$DEFI platforms and blue chip cryptos like BTC$BTC and ETH.$ETH Buying now could lead to gains when the market rebounds. What’s on your list?

Injective’s (INJ) 33% Rally Triggers Short Squeeze Speculation Injective’s recent community vote to reduce INJ’s supply has sparked a rally in the altcoin’s value. Trading at $26.29 at press time, its price has surged 33% over the past week. Despite this rally, INJ futures traders have placed short bets against its price. However, with the token poised to extend its gains, these short traders risk facing a potential short squeeze. Injective’s Transition Boosts Market Interest On January 5, a governance proposal to transition from Injective 2.0 to Injective 3.0 was approved, with 99.99% of community members voting in favor. This upgrade will reduce the supply of INJ tokens, making it “one of the most deflationary assets over time.” The positive hype around this upgrade is currently driving the INJ price rally, whose value has risen by 18% in the past two days. Interestingly, despite this, the token’s futures traders remain unimpressed and have continued to demand more short positions. This is reflected by INJ’s Long/Short Ratio, which is 0.99 at press time. Injective Long/Short Ratio This ratio compares the number of long positions (bets that the price will rise) to short positions (bets that the price will fall) in a market. When the ratio is below 1, it indicates that there are more short positions than long positions, suggesting a bearish sentiment among traders. Rising Demand for INJ Puts Short Traders at Risk However, with growing demand for INJ, these traders are at risk of a potential short squeeze. A short squeeze occurs when a shorted asset experiences a price increase, forcing short sellers to buy back their positions to limit losses. This buying pressure can drive the price even higher, creating a feedback loop that accelerates the upward trend. INJ’s rising Relative Strength Index (RSI) is worthy of note here. At press time, this momentum indicator is in an uptrend at 58.88. Injective Relative Strength Index. The RSI indicator measures an asset’s oversold and overbought market conditions. It ranges between 0 and 100, with values above 70 indicating that the asset is overbought and due for a correction. On the other hand, values under 30 indicate that the asset is oversold and may witness a rebound. At 58.88, INJ’s RSI indicates that the asset is in a neutral to slightly bullish zone. Price momentum shows more buying than selling pressure but is not yet overbought. Further, readings from INJ’s Moving Average Convergence Divergence (MACD) indicator support this bullish outlook. At press time, the token’s MACD line (blue) rests above its signal line (orange). Injective MACD. When this indicator is set up this way, it indicates bullish momentum. This means that if the trend persists, the Injective token price may continue to rise. INJ Price Prediction: Can Momentum Push the Price Above $30? As buying pressure climbs, INJ’s price could breach the resistance formed at $28.72. If the bulls can sustain this momentum, INJ could rally back above $30 and revisit its multi-month high of $35.26. Injective Price Analysis On the other hand, if the short bets win and the Injective token price reverses its current trend, it could plummet to $24.44.