"No matter what, don't forget to do your own analysis, you know."
As investors expect the cryptocurrency Bitcoin (BTC) to undergo a correction of about 10% to 20%, the fate of altcoins may be similar but the decline could be more than that figure.
Among the altcoins that are predicted to see a significant fall in the near future is Injective (INJ) where its price which is currently trading at $16.74 has shown many signs of a downward prospect in the short term.
However, INJ, which rose 167% between October 12 and November 11, 2023, could reach $18.41 next week before its price declines.
The price of INJ is also able to rise massively ahead of the token unlock on January 21, 2023 because almost 4.40% of the set circulating supply will be unlocked on that date.
In addition to INJ, Avalanche (AVAX) is also able to experience a plunge although its price has managed to jump more than 185% from October 16 to November 13, 2023 and reached $25.50 last Friday.
If the price of AVAX fails to maintain its position above $22.56, then the digital asset is not only capable of slipping back by 30% at $15.56 but also retesting its support zone at $14.67.
There is no denying Optimism (OP) has surged 67% between October 16 and November 13, 2023, but its current price of $1.78 could see a pullback to retest its support zone at $1.65 and $1.45 or $1.41.
While the short-term correction outlook for OP is bearish, the digital asset's long-term outlook remains largely bullish and a recovery above $1.91 could push the price towards $3.
