Rally

Solana

Injective

Avalanche

Helium

Crypto Price Prediction: On December 11th, the crypto witnessed a sudden sell-off as the leading cryptocurrency also <a href="https://coingape.com/bitcoin-btc-past-performance-is-no-guarantee-of-future-results-vaneck/" rel="noopener noreferrer nofollow">reverted from $44500</a> higher. This reversal has turned the uncertainty of many major cryptocurrencies into a short pullback.
While the overall trend remains bullish, market investors can look for favorable dip opportunities in some of the top-performing coins in the last two weeks, like Helium(HNT), Avalanche(AVAX), Injective(INJ) as they are in a better position to bounce back.
Also Read: <a href="https://coingape.com/bitcoin-whale-accumulation-rises-ahead-of-us-cpi-data/" rel="noopener noreferrer nofollow">Bitcoin Whale Accumulation Rises Ahead Of US CPI Data</a>
<h2 id="strong-helium-price-analysis-safe-retracement-offer-dip-opportunity-strong">Helium Price Analysis: Safe Retracement Offer Dip Opportunity</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/3/3N1TeLeV.png" alt="Helium Price Analysis TradingView Chart" width="1946" height="1105">
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 Helium Price Analysis| TradingView Chart
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The <a href="https://coingape.com/price/helium/" rel="noopener noreferrer nofollow">Helium price</a> has seen impressive growth since early November, soaring from $1.42 to a peak of $5.93 – a 317.5% increase. This surge is partly attributed to the formation of a cup and handle pattern and a general upturn in the Solana coin price, which benefits other protocols in the Solana Network.&nbsp;
<a rel="noopener noreferrer nofollow" href="https://x.com/helium/status/1732170015120470095?s=20">Helium’s recent introduction</a> of a $20/month nationwide phone plan, offering an affordable, unrestricted mobile experience, further fueled its momentum. However, the HNT price faced a slight pullback from the $5.77 mark, a typical development in forming the handle of the cup and handle pattern.&nbsp;
This dip is seen as an opportunity to gather more buyers before the next bullish leap. A breakout above the $5.7 neckline could mark a significant shift in market sentiment, potentially propelling Helium by up to 80%, aiming for a target of $10.4.&nbsp;
The falling price could obtain suitable pullback support from the 20-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/" rel="noopener noreferrer nofollow">Exponential Moving Average</a> slope.
<h2 id="strong-avalanche-price-analysis-high-momentum-rally-aims-beyond-50-strong">Avalanche Price Analysis: High Momentum Rally Aims Beyond $50</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/9/9OPHpnk3.png" alt="Avalanche Price Analysis" width="1946" height="1105">
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 Avalanche Price Analysis| TradingView Chart
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Avalanche, ranking as the <a href="https://coingape.com/avalanche-avax-price-shoots-20-toppling-dogecoin-dex-traders-benefit/" rel="noopener noreferrer nofollow">9th largest cryptocurrency</a>, has been recovering strongly since late October, climbing from $8.6 to $39 – a 352% increase in just two months. The growing interest in Avalanche (AVAX) can be attributed to its collaboration with established financial giants JPMorgan and Citi.&nbsp;
These partnerships, part of the Avalanche Foundation’s initiatives to tokenize real-world assets, have significantly boosted AVAX’s profile. In a strategic effort to boost its network, Avalanche has made a substantial investment in its validators, dedicating more than $275 million in AVAX as rewards over the past year.&nbsp;
<blockquote>
 This consistent growth, supported by rising volume and transaction numbers, suggests a sustainable trajectory for <a href="https://coingape.com/price/avalanche/" rel="noopener noreferrer nofollow">Avalanche price</a>. With no significant sign of weakness, the Avalanche coin could continue its projection to reclaim higher grounds.&nbsp;
</blockquote>
If the price shows sustainable growth above the recently breached $37.38 mark. This post-breakout rally could surge the prices to the next resistance of $43.7 followed by $53.1
The upswing in the upper boundary of the Bollinger band indicator accentuates the buyers are dominating this asset.
<h2 id="strong-injective-price-analysis-cup-handle-pattern-breakout-hints-rally-to-50-strong">Injective Price Analysis: Cup Handle Pattern Breakout Hints Rally to $50</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/k/kUQQ8bEW.png" alt="Injective Price Analysis" width="1946" height="1104">
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 Injective Price Analysis| TradingView Chart
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Injective Protocol has been on an <a href="https://coingape.com/markets/injective-price-prediction-whats-next-for-inj-after-67-surge/" rel="noopener noreferrer nofollow">upward trend</a> since early 2023, climbing from $1.25 to a current price of $26.4 – a 41% rally. The coin’s rise is linked to a rounding bottom pattern, indicating long-term buyer accumulation.&nbsp;
Additionally, a surge in social media discussions about Injective, as reported by <a rel="noopener noreferrer nofollow" href="https://x.com/alphascan_xyz/status/1734162698957443468?s=20">AlphaScan</a> on December 11, has contributed to its popularity. Recently, INJ broke out from the $25.4 neckline of this pattern, signaling a potential trend reversal.&nbsp;
If the price sustains above this level, we could see it approach the $50 mark. However, if it falls below the neckline, a fake breakout could trigger a sell-off and a minor pullback
The Average Directional index showcasing an uptick near 29% reflects the buyers have the potential to prolong this uptrend.
The post <a href="https://coingape.com/markets/crypto-price-prediction-for-december-12-hnt-avax-inj/" rel="noopener noreferrer nofollow">Crypto Price Prediction For December 12: HNT, AVAX, INJ</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Crypto Price Prediction For December 12: HNT, AVAX, INJ

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