Our Inverse Finance price prediction is unsurprisingly bearish as the price is fondling with its last major support. Most of the altcoins made fresh lows this week as the Bitcoin price plummeted to $20,100. Inverse Finance crypto dipped to $74 on Tuesday but recovered back above $85 immediately. INV has tested the $80 support quite a few times, and another retest is likely to break this support.
At the time of writing, INV crypto is trading at $93.47 and 96% below its March 2021 ATH of $2075. Therefore, it is the last chance for the bulls to step up and save the day. Inver Finance markets itself as a positive-sum DeFi, which is decentralized by design. It is trying to move past the ‘reckless’ and ‘outdated’ systems to provide a better solution.
Users can maximize their earnings by revenue sharing and accumulating high yields with sustainable APYs. The platform also supports low-cost, stable coin borrowing. According to Inverse Finance crypto news, the DOLA borrowing for XINV stakers is live again on Inverse’s money market. DOLA is the asset and debt-backed stablecoin of the Inverse ecosystem.
Inverse Finance Prediction
Technical analysis of INV price charts shows that the price is hanging by a thread as it has tested the $80 support quite a few times. Nevertheless, the price has still managed to close above the support, hinting at sideways price action for the rest of the week. A breakdown below $80 level might trigger another bearish leg which could create panic even for the long-term holders.
The Inverse Finance price prediction is likely to remain bearish in the coming months until the price breaks above the $200 level. The $200-220 level has acted as support previously and could act as a resistance on the way up.
Most DeFi protocols have been facing intense sell pressure since the fall of Terra Luna. In addition, a recent halt of Celsius withdrawals has further added to the FUD. These events have forced investors to take a risk-off approach to preserve their capital.
INV USD Daily Chart
