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AnySwap and Injective Protocol Prices are divergent. While ANY inch higher versus ETH, while INJ is under pressure against the greenback, struggling below $10.
AnySwap (ANY)
The Fusion network powers the AnySwap platform. It can better manage the flow of tokens between blockchains using the Decentralized Control Rights Management (DRCM) technology.
Central to the protocol's operations is the ANY token.
Past Performance of ANY
The ANY crypto token is on top of ETH, adding nine percent on the last day of trading as per ANY technical analysis.
All the same, wETH/ANY prices are in consolidation, trading in a tight range as the two coins appear to be equally matched in the short term.
Day-Ahead and What to Expect
Technically, ANY coin bulls are in charge, as mentioned above.
However, ETH bulls could flow back, reversing from spot rates and confirming the daily chart's extended consolidation reading from price action.
At present, the wETH/ANY price is reacting at the 78.6 percent Fibonacci retracement level of the May to August 2021 trade range.
AnySwap Technical Analysis
There are hints of strength for ETH after extended periods of lower lows versus ANY.
Although there is a positive reaction at around the 78.6 percent Fibonacci extension level, ETH prices are trending below the middle BB. A close above 700 ANY would trigger demand, lifting ETH higher.
On the flip side, extended losses below this week's low may see the ANY force its rate to 300.
Injective Protocol (INJ)
The Injective Protocol aims to democratize access to DeFi using the INJ token.
Past Performance of INJ
The Injective Protocol crypto is bearish versus the greenback, trading within a bear breakout pattern per the INJ technical analysis. From the daily chart, sellers are in the driving seat despite the recovery in the mid-week.
Day-Ahead and What to Expect
As INJ coin prices press lower, every pullback below $10 may offer entries for determined sellers. A close above this liquidation level may see bulls flow back, driving INJ token towards $25.
Even so, the probability of INJ crypto dropping in sync with losses early this week remains higher.
Injective Protocol Technical Analysis
The INJ coin price is finding support between the 61.8 and 78.6 percent Fibonacci retracement level of the July to August 2021 trade range.
A close above $10 might see INJ token more than double towards $25. On the flip side, losses below $8 may feed bears aiming for $5.