Injective

Bitcoin

Captain

BULLS

<p>The post <a href="https://coinpedia.org/price-analysis/inj-price-analysis-injective-price-set-for-massive-upswing-in-coming-weeks/" rel="noopener noreferrer nofollow">INJ Price Analysis: Injective Price Set For Massive Upswing in Coming Weeks</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p><p>As Bitcoin price held above $30k in the past few days in anticipation of a continued bullish outlook, an upcoming smart contract blockchain dubbed Injective (INJ) has attracted huge attention after rallying more than 442 percent in the past year, thus downplaying the devastating effects of the crypto bear market. Backed by top crypto investors – including Binance, Mark Cuban, Jump Crypto, and Pantera, among others – Injective has made headlines by tokenomics including 5.7 million INJ burned so far and about $239 million saved in annual gas savings.</p><h2 class="wp-block-heading" id="h-injective-price-analysis">Injective Price Analysis</h2><p>Undeniably, the Injective network has presented a very bullish outlook in the past few months. As a result, popular crypto analyst Captain Faibik is convinced that INJ’s price is headed for a 240 percent rally in the coming weeks to trade around $18 per coin. Moreover, INJ has been making higher highs and high lows on the daily and weekly time frames. Additionally, the daily INJ price action just broke out of a falling logarithmic resistance level in the last two days.</p><figure class="wp-block-image"><img src="https://lh4.googleusercontent.com/f1aHLHN1vAzXEJoYE721iexPkaLRQXggEG1g95-O1vcfh1NZvOD3GonEO4BjzrWRbSUDNzjaZgFNgAEFPDSzzu-uhIoSJqMxVam6zuB2AmZUV7G2j0enC_QVXHY8IqNkRdbM64tU5wsQezhRFYy0-AI" alt=""></figure><p>A similar bullish stance on the Injective INJ price has been adopted by a veteran crypto trader on Twitter @CryptoTony_, who expects the bulls to continue pushing higher in the coming days.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p><a href="https://twitter.com/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$INJ</a> / <a href="https://twitter.com/search?q=%24USD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USD</a> – Update <br><br>We closed a 4 hour above the supply zone at $7.50 legends. So i am now in a position and remain in one while we are above that particular level <br><br>YOU CAN DO IT <a href="https://twitter.com/hashtag/INJ?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#INJ</a> BULLS <a href="https://t.co/KM7padjIH5" rel="noopener noreferrer nofollow">pic.twitter.com/KM7padjIH5</a></p>— Crypto Tony (@CryptoTony__) <a href="https://twitter.com/CryptoTony__/status/1673607805897433089?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 27, 2023</a></blockquote></div></figure><p>The Injective (INJ) market had a total valuation of about $771 million and a daily traded volume of approximately $74 million as of Tuesday. Trading around $7.78 during the early New York market on Tuesday, the Injective network recorded an increase of about 84 percent in on-chain activity.</p>

INJ Price Analysis: Injective Price Set For Massive Upswing in Coming Weeks

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