$50 Injection? Analyst Bullish On Injective After 25% Surge

Name	Symbol	Market	Market Cap ($)	Algorithm
Injective Token	INJUSD	Crypto	2,915,203,042	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Injective Token

INJUSD

Crypto

2,915,203,042

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-1.13	-3.65%	29.84	29.84	29.85

Price Change

Price Change %

Current Price

Bid Price

Offer

-1.13

-3.65%

29.84

29.85

High Price	Low Price	Open Price	Prev. Close	52 Week Range
30.76	29.25	30.55	30.97	13.51 - 53.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

30.76

29.25

30.55

30.97

13.51 - 53.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	04:10:00	2.00	29.84	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

04:10:00

2.00

29.84

USD

Price x Volume	Volume	Base Symbol	Related Pairs
3,545,007.91	117,960.06	INJ	INJEUR	INJGBP	INJBTC

Price x Volume

Volume

Base Symbol

Related Pairs

3,545,007.91

117,960.06

$50 Injection? Analyst Bullish On Injective After 25% Surge

17/07/2024 1:30pm

NEWSBTC

The price of Injective has increased by over 25% in the past week, from a low of $17 to $23.27 this morning. Recently, the cryptocurrency market has been trending positively, and the substantial increase in Bitcoin’s price is a significant factor in this price ascent. The upbeat perception of Bitcoin has been a significant factor in the success of altcoins. Injective is one of the most significant beneficiaries. Related Reading: Expert Foresees XRP Soaring To $250: Technical Analysis Explained A decent rise in trading volume has coincided with INJ’s price spike, suggesting increasing investor interest. With $512 million in 24-hour trading volume and a $2.17 billion market capitalisation, it is evident that injective is becoming more and more popular in the market. Expert Eyes $50 Goal The renowned cryptocurrency specialist, World of Charts, has expressed a favourable evaluation of Injective’s probable price trajectory. According to his research, INJ is now seeing an upward trend and is consolidating within a bullish continuation signal, namely a falling wedge formation. With its lower highs and lower lows, the falling wedge pattern implies that a breakout may be on the horizon. $Inj#Inj Is In Strong Uptrend Currently Consolidating Within Falling Wedge (Bullish Pattern) Injective Needs To Clear This Wedge To Continue Its Upside Move Incase Of Successful Breakout Expecting Move Towards 50$ In Coming Weeks#Crypto #Injective pic.twitter.com/oTkRdHdNes — World Of Charts (@WorldOfCharts1) July 15, 2024 World of Charts highlighted that Injective must effectively break out of its wedge pattern in order to resume its upward trajectory. A breakthrough would indicate that the consolidation phase is over and the rising trend is back on track. The expert anticipates that if this breakout happens, the price of INJ would rise over the next few weeks and approach $50. Ethereum ETFs: Will They Change The Injective Market? The market is getting even more excited because Ethereum ETFs will be available starting July 23. People think that this important event will give the market new hope, which will bring in new buyers and make more people want to buy cryptocurrency. As expected, the release of Ethereum ETFs will cause the price of Injective to go through the roof. People who follow the market are very positive about how Ethereum ETFs might affect it. The expected influx of big investors and the ease of access to Ethereum-related assets may cause the values of altcoins to rise. INJ Price Prediction: A Positive Sight By August 16, 2024, Injective is seen rising by 220% to $83.77. As we speak, th coin has a 69 score on the Fear & Greed Index. Having a price range of 6.60%, injective has had 15 out of 30 “green days” during the past 30 days. These factors indicate that the altcoin could see significant increase in the next months. Due to the fact that the cryptocurrency industry is still expanding, Injective is in a favourable position to profit from the current bullishness as well as the market triggers that are going to occur in the near future. Related Reading: Shiba Inu Prepares For Major Burn As Liquidity Surpasses $800 Million Strong fundamental trends, a positive market mood, and big events like the launch of Ethereum ETFs have all contributed to an environment that is conducive for Injective’s price performance. Featured image from Injective, chart from TradingView

	Real-time Prices	Level 2
London Stock Exchange
Chi-X Europe
BATS Europe
Aquis Exchange
FTSE Indices
Euronext
New York Stock Exchange
NASDAQ
American Stock Exchange
Dow Jones Indices
Forex
Precious Metal

London Stock Exchange
Advanced charts
Premium community
Data download

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

INJUSD Injective Token