Injective

Coin

<ul class="news-points"> 
 <li>INJ may hit $16 provided buyers remain the dominant party in the market.</li> 
 <li>The MFI needs to avoid stagnancy in order to avoid stalling the INJ price action.</li> 
 <li>The 1-hour chart indicated that the $14 to $15 region looks like a good entry point.</li> 
</ul> 
Like most altcoins, <a href="https://coinedition.com/tag/injective-token-inj/">Injective (INJ)</a> has participated in the broader market rally. At press time, INJ posted a 1.10% decline. But that was only a slight retracement compared to how far the cryptocurrency has come in the last 30 days. 
<h2 class="wp-block-heading" id="h-bears-quench-the-first-try">Bears Quench the First Try</h2> 
One month ago, the price of INJ was around $7.60, meaning the value has increased by 100% within the said period. On the INJ/USD 1-hour chart, bears are attempting to foil a potential upside targeting $16. 
Needless to say, resistance is expected considering the long period of dominance bulls have had. Currently, bulls have opened solid support at $14.53, bringing up speculation that INJ could be set for more gains despite the slight <a href="https://coinedition.com/inj-may-retrace-and-fall-to-0-382-fib-level-warns-crypto-analyst/">retracement</a>. 
One indicator that backed up this notion was the Exponential Moving Average (EMA). As of this writing, the 9 EMA (blue) was above the 20 EMA (yellow). Typically, a move of the 20 EMA above the 9 EMA is deemed bearish. …
The post <a href="https://coinedition.com/can-injective-inj-hit-20-after-hitting-a-30-day-100-jump/">Can Injective (INJ) Hit $20 After Hitting a 30-Day 100% Jump?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Can Injective (INJ) Hit $20 After Hitting a 30-Day 100% Jump?

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