INJ Price Prediction Summary • INJ short-term target with a stop-loss at $5. 19. This approach targets the $6. 33 level with a favorable 2: 1 risk-reward ratio. Aggressive Entry: Current levels around $5. 44 offer proximity to strong support, but require a tight stop-loss below $5. 19 to manage downside risk to the $5. 17 target. Position sizing should remain conservative given the mixed analyst sentiment and the proximity to 52-week lows. The technical setup suggests INJ could move decisively in either direction within the next two weeks. INJ Price Prediction Conclusion Our Injective forecast anticipates a near-term recovery to $6. 33 within one week, supported by oversold technical conditions and analyst optimism surrounding the Altria upgrade. However, the medium-term outlook remains cautious, with a potential decline to $5. 17 by December 21 if broader market conditions deteriorate. Confidence Level: Medium for the $6. 33 target, Medium-Low for the $5. 17 bearish scenario. Key indicators to monitor include the RSI breaking above 35 for bullish confirmation and MACD histogram turning positive. Failure to hold $5. 19 support would validate the bearish $5. 17 INJ price target. The timeline for this prediction spans the next 4-6 weeks, with the initial recovery phase expected within 7-10 days. The Altria upgrade remains the wildcard that could invalidate bearish scenarios and propel INJ toward the higher analyst targets of $7. 50-$9. 17.
https://bitcoinethereumnews.com/tech/inj-price-prediction-technical-recovery-to-6-33-before-december-correction-to-5-17/
Tag: volume
XRP Price Prediction: $2.70 Target Within 30 Days as Technical Oversold Conditions Emerge
XRP Price Prediction Summary • XRP short-term target and signal line (-0. 0733) suggests momentum deceleration. This technical divergence often precedes trend reversals, particularly when combined with oversold RSI conditions. Volume analysis from Binance spot trading shows $552. 2 million in 24-hour activity, indicating sustained institutional interest despite the -3. 37% daily decline. The Stochastic oscillator readings (%K: 17. 63, %D: 21. 79) confirm oversold conditions, with both indicators well below the 20 threshold that typically marks extreme selling pressure. Ripple Price Targets: Bull and Bear Scenarios Bullish Case for XRP The primary XRP price target for the bullish scenario centers on the $2. 70-$3. 15 range, supported by multiple technical confluences. Breaking above the immediate resistance at $2. 59 would trigger the first leg of this move, targeting the upper Bollinger Band at $2. 57 initially. The 50-day SMA at $2. 51 represents the first major resistance hurdle, followed by the 20-day SMA at $2. 33. Successfully reclaiming these moving averages would confirm the bullish Ripple forecast and open the path toward the strong resistance zone at $3. 10. Technical requirements for this scenario include RSI climbing above 50, MACD histogram turning positive, and volume confirmation above the recent average. The Daily ATR of $0. 16 suggests that moves of $0. 30-$0. 50 are well within normal volatility parameters, making the $2. 70 target achievable within the 30-day timeframe. Bearish Risk for Ripple The bearish scenario activates if XRP fails to hold the immediate support at $2. 07. This level coincides with the lower Bollinger Band at $2. 10, creating a critical support cluster. A decisive break below this zone would target the strong support at $1. 25, representing a potential 43% decline from current levels. Risk factors include continued regulatory uncertainty, broader crypto market weakness, and failure to generate sufficient buying volume above the 20-day moving average. The bearish XRP price prediction scenario would see RSI dropping below 30 into deeply oversold territory and MACD histogram extending negative momentum. Should You Buy XRP Now? Entry Strategy Based on current Ripple technical analysis, the answer to “buy or sell XRP” depends on risk tolerance and timeframe. For aggressive traders, the current level near $2. 19 offers an attractive risk-reward setup with tight stop-loss placement below $2. 07. Conservative investors should wait for confirmation above $2. 40 (pivot point) before entering positions. This approach sacrifices some upside potential but reduces the risk of catching a falling knife. The ideal entry strategy involves scaling into positions between $2. 15-$2. 25 with stop-losses below $2. 00. Position sizing should account for the 14-day ATR of $0. 16, suggesting maximum position risk of 2-3% of portfolio value given the volatility profile. Target allocation should not exceed 5% of total cryptocurrency holdings until the XRP price target of $2. 70 is achieved. XRP Price Prediction Conclusion Our XRP price prediction maintains a medium confidence level for the $2. 70-$3. 15 target within 30 days, contingent on breaking above $2. 40 resistance. The technical setup favors oversold bounces, but broader market conditions and regulatory developments remain key variables. The Ripple forecast hinges on three critical indicators: RSI recovery above 45, MACD histogram turning positive, and sustained volume above 500 million daily. Failure to achieve these technical milestones within 7-10 days would invalidate the bullish scenario and suggest extended consolidation or downside risk toward $1. 25 support. Timeline expectations center on initial movement within 5-7 days, with the primary XRP price target achievable by mid-December 2025 if technical conditions align with regulatory clarity catalysts.
https://bitcoinethereumnews.com/tech/xrp-price-prediction-2-70-target-within-30-days-as-technical-oversold-conditions-emerge/
KOSPI May Run Out Of Steam On Friday
The South Korea stock market has advanced for three consecutive sessions, gaining nearly 35 points or 1.2% during this period. The KOSPI now stands just above the 2,890-point level, although the rally may face resistance on Friday.
Global forecasts for the Asian markets suggest profit-taking, especially within the technology sectors. While European markets showed gains, U.S. bourses closed lower, and Asian markets are expected to follow the latter trend.
On Thursday, the KOSPI finished modestly higher, supported by gains in financial shares, technology stocks, and industrials. The index climbed 23.36 points, or 0.81%, to close at 2,891.35. Trading volume was robust, with 453 million shares exchanged, valued at 14.4 trillion won. There were 438 gainers compared to 414 decliners.
Among the most active stocks, Shinhan Financial jumped 1.96%, while KB Financial and SK Telecom both rallied 2.15%. Hana Financial rose 0.49%. In the technology sector, Samsung Electronics slipped 0.23%, but Samsung SDI surged 4.42%. LG Electronics gained 0.63%, and SK Hynix advanced 0.84%. Naver declined 0.79%.
In the chemicals and energy sectors, LG Chem soared 2.95%, Lotte Chemical strengthened 1.32%, and S-Oil added 0.60%. Conversely, SK Innovation dropped 1.11%. Metals giant POSCO skyrocketed 6.24%, while KEPCO increased 0.81%. Automotive stocks also showed strength: Hyundai Mobis improved 0.86%, Hyundai Motor climbed 1.46%, and Kia Motors rose 0.25%.
Wall Street’s lead was mostly negative on Thursday as major U.S. averages opened lower. The Dow inched slightly into positive territory, while the S&P 500 and NASDAQ retreated from record highs. The Dow rose by 32.39 points (0.08%) to finish at 39,753.75. However, the NASDAQ plunged 364.04 points (1.95%) to close at 18,283.41, and the S&P 500 fell 49.37 points (0.88%) to end at 5,584.54.
Early optimism regarding interest rate prospects helped Wall Street open strong, but enthusiasm waned as traders appeared to have already priced in a rate cut by the Federal Reserve in September. The subsequent sell-off resulted from investors taking profits after recent market advances, notably in leading tech stocks such as AI favorite Nvidia (NVDA), which led the retreat.
Despite the pullback, the Federal Reserve is still widely expected to lower interest rates in September. This outlook was reinforced by a Labor Department report indicating that prices in the U.S. unexpectedly edged slightly lower in June.
Oil futures settled higher on Thursday, buoyed by hopes for an interest rate cut following the encouraging inflation data. However, West Texas Intermediate (WTI) crude oil futures for August ended down $0.52 at $82.62 per barrel.
*The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.*
https://www.nasdaq.com/articles/kospi-may-run-out-steam-friday