Category Cryptocurrencies
Injective, Pyth & Pendle — Asian Wrap 08 February

Injective (INJ) price has been on a subtle downtrend since late 2023, consolidating below a descending trendline that progressively capped its upside potential. After a 30% suppression, the AI crypto coin may finally be ready for a move north.

Pyth (PYTH) price has been on a recovery rally, recording a full cycle swing to the 78.6% Fibonacci level at $0.4846. The altcoin is working out its next directional bias with a clear tug between bulls and bears.

Pendle (PENDLE) price remains on a steady uptrend, consolidating within the ascending parallel channel with prospects for more gains. It comes despite a choppy altcoin market, with PENDLE featuring among the feature tokens that are still bullish.


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