Here is What’s Next for Chainlink (LINK), Injective (INJ) & Pepe (PEPE) Price 

The post Here is What’s Next for Chainlink (LINK), Injective (INJ) & Pepe (PEPE) Price  appeared first on Coinpedia Fintech News

The bitcoin price smashed above $35,000 for the first time since May 2022, indicating the revival of a fine bullish trend. The global crypto market cap surged above $1.26 trillion, which was closer to dropping below the trillion mark. Besides, Bitcoin dominance is also rising along with the price, indicating that altcoins will maintain a consolidated trend for a while. Amidst this, some of them have soared by a huge margin of close to 50%. Will these tokens continue to rise or face an interim rejection?

Pepe (PEPE) 

• The PEPE price surged above the average levels of the parallel channel, which is slightly descending. 

• The latest upswing pushed the price high, but the bears appear to have jumped in to extract some profits.

• Therefore, the PEPE price is believed to stabilize for a while, resume trading towards the north and reach the upper resistance

• However, an extreme bullish volume is required to break above the channel that appears to be a little distinct at the moment

Chainlink (LINK)

• The Chainlink price surged above the descending trend line and reached the interim resistance above $11

• The price is strongly holding above the gains, which suggests the token could maintain a fine upswing and reach $13 very soon

• After attaining these levels, the price may face a short-term pullback, sustaining above $11, mainly due to the exhaustion experienced by bulls

• However, after a brief consolidation, the LINK price is poised to soar and reach $20 before the end of 2023. 

Injective (INJ) 

• Injective has unexpectedly emerged as one of the top gainers in the past week, with over 60% jump from around $7.5 to as high as $12.76

• Although the price is facing a minor pullback, it sustains within the bullish pattern and tests the neckline of the cup and holder pattern

• From here, the INJ price could rise slightly and drop back to the lower trend line, indicating a retracement

• Later, the INJ price is primed to trigger a rebound and further head towards the next target, initially at $16 and later at $20