Home Analytics of crypto Numeraire (NMR) and Injective Protocol (INJ) Technical Analysis: Prices Consolidate

Numeraire (NMR) and Injective Protocol (INJ) Technical Analysis: Prices Consolidate

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Numeraire and Injective Protocol prices maintain an uptrend. However, INJ may double to $25, while NMR bulls appear likely to blast past $50.

Numeraire (NMR)

The Numeraire project aims to decentralize data science and allows creators to build reliable machine learning models more effectively. Central to the platform is NMR.

Past Performance of NMR

The Numeraire token is stable as of writing, tracking lower versus the greenback on the last trading day.

As per the NMR technical analysis of the daily chart, sellers appear to be in control in lower time frames.

The NMR crypto is printing lower lows relative to the upper BB.

Day-Ahead and What to Expect of NMR

Overall, the NMR/USDT is within a broader uptrend. However, the NMR coin is sliding lower with caps at $50.

A break below the primary support trend line may see the NMR token trickle down to $36 in the short term.

Numeraire Technical Analysis

Numeraire NMR and Injective Protocol INJ Technical Analysis Prices Consolidate

The NMR/USDT prices are within a protracted consolidation clear in the daily chart.

However, despite the bullish outlook, losses below $40 may fast-track the coin’s slide towards September 2021 lows of around $36.

On the flip side, buyers would be ecstatic if there is a climb above $50 and the ascending wedge in trend continuation. In that case, the NMR coin may race to $90.

Injective Protocol (INJ)

The Ethereum compatible Injective Protocol seeks to provide access to DeFi services across the board.

Past Performance of INJ

The Injective Protocol token is firm at the time of writing, adding four percent versus the greenback.

Notably, INJ token bulls are confident of what lies ahead, considering the series of higher highs in the recent past.

Day-Ahead and What to Expect of INJ

As per the INJ technical analysis, buyers are in the driving seat.

The short-term resistance is at $13, while the support trend line props buyers. A high-volume close above $13 may see the coin expand to $25, printing new H2 2021 highs.

Meanwhile, losses below the ascending wedge may fast-track a correction back to September 2021 lows.

Injective Protocol Technical Analysis

1634561972 437 Numeraire NMR and Injective Protocol INJ Technical Analysis Prices Consolidate

The INJ crypto buyers are firm. With resistance at $13 and a series of higher highs in the last week of trading, the probability of a close above the liquidation line is high.

In that case, INJ/USDT buyers may buy the dip targeting $25.

Conversely, a strong rejection at spot rates could see bears melt past the support trend line floor to $8.



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