Major Altcoins Like Injective, Avalanche, and Optimism Face Impending Corrections of 10-20% After Recent Rallies
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Several altcoins like Injective, Avalanche, and Optimism have rallied significantly and could see corrections soon.
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Bitcoin price shows signs of weakness which could trigger altcoin sell-offs. Corrections of 10-20% are likely.
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Injective, Avalanche, and Optimism specifically exhibit technical signals that point to impending corrections.
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Injective could drop 17% to $13, Avalanche 30% to $15, and Optimism 20% to $1.41.
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Despite short-term weakness, the long-term outlook remains bullish for many altcoins after this healthy correction.