Bullish Trends Ahead: Crypto Expert Optimistic about Arbitrum, Injective; Predicts Bitcoin Rally on the Horizon
In a recent update, renowned crypto analyst Altcoin Sherpa has shared insights on potential price movements within the cryptocurrency market.
According to Sherpa, the layer-2 protocol Arbitrum (ARB) and decentralized derivatives exchange Injective (INJ) are both poised for sustained rallies. He anticipates ARB to rise by more than 23% from its current value of $0.93 before reaching a plateau, potentially reaching $1.15. Meanwhile, INJ, currently trading at $7.55, is expected to experience a dip to around $7.50 before climbing to Sherpa’s target of $9.40. Sherpa also expressed optimism about Bitcoin (BTC) in the short term, predicting a test of the psychological resistance at $30,000.
However, he remains cautious, stating that the broader trend for BTC is still unclear. At the time of writing, BTC is reflecting a 1% decrease in the past day. Sherpa’s analysis provides valuable insights for traders navigating the crypto market.
Clever Robot News Desk 4th October 2023
