The Trust Layer for Market Analysts

The analysis covers Render (FET) and Injective (INJ) using Elliott Wave theory on a 4-hour timeframe. For Render, the current price is around $0.2092, and the analysis suggests a bearish continuation after a potential double ABC zigzag pattern. The target price for the downside is not explicitly stated but is implied to be below $0.16314. The invalidation level for this bearish outlook is above $1.9525. For Injective, the current price is around $3.098. The analysis indicates a potential continuation of the downtrend, with a possible completion of wave 5. The target for further downside is around $2.4688, with an invalidation level at $5.0375. The market sentiment for both assets leans bearish in the short to medium term, based on the presented Elliott Wave structures.