Rally

Injective

Coin

<p style="text-align: justify">Despite the challenging bear season, the cryptocurrency markets are once again experiencing a rise reminiscent of the 2021 period. We have witnessed massive rallies in many altcoins in the past hour. In fact, one altcoin on the <a href="https://en.coin-turk.com/israel-confiscates-isis-linked-binance-accounts-binance-issues-statement/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> exchange has increased by 1400 percent. This massive surge has occurred in approximately 300 days. So, will it continue?</p>
<h2 style="text-align: justify" id="injective-inj">Injective (INJ)</h2>
<p style="text-align: justify">The rapidly rising price of INJ Coin since the beginning of the year has managed to reach an all-time high during the bear season. The price broke through the long-standing resistance trend line that had been in place for nearly 700 days in March, signaling a major rally. Therefore, the breakthrough of long-standing resistances in popular altcoins indicates long-term rallies. Few altcoins have experienced such breakthroughs in the past couple of months, as lucky as INJ Coin.</p>
<p style="text-align: justify">After successfully surpassing the $9.5 resistance area in October, the price entered a faster upward trend. The RSI supports the continuation of price increases above the neutral zone.</p>
<p style="text-align: justify"><img decoding="async" class="wp-image-276318 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/INJ-Coin-Tahmin-Grafik.png" alt="" width="1253" height="513"></p>
<p style="text-align: justify">Meanwhile, the Injective X Google Cloud Illuminate hackathon will continue until December 2nd, and <a href="https://newslinker.co/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">news</a> from this event may support the price.</p>
<h2 style="text-align: justify" id="inj-coin-price-prediction">INJ Coin Price Prediction</h2>
<p style="text-align: justify">Elliot wave theory is widely used to determine long-term price movements. It can also be used to determine where INJ Coin is in its long-term upward movement. If the wave count is correct, the popular cryptocurrency is in the final stage of a five-wave upward movement. The peak area of the fifth wave can be calculated compared to the first and third waves.</p>
<p style="text-align: justify">The targeted peak for INJ Coin is at $25 during this rally period, indicating that a price increase of approximately 40 percent is still possible. So, if the rally continues? If we see closures above the $25.3 region, it is likely that this fifth wave will reach a higher peak. The ultimate target is $36.5, which would mean a 60 percent increase from the current price.</p>
<p style="text-align: justify"><img decoding="async" class="wp-image-276319 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/INJ-Coin-Fiyat-Tahmin-Grafik.png" alt="" width="1302" height="535"></p>
<p style="text-align: justify">However, despite the bullish prediction, a weekly close in the downward direction could result in a 40 percent loss to the $10 region. Of course, whether the <a href="https://en.coin-turk.com/analyst-known-for-his-timely-warnings-draws-attention-to-these-points/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> rally will continue or not will be a determining factor here.</p>
<div class="sorumluluk_reddi" style="text-align: justify"><strong>Disclaimer:</strong> The information contained in this article does not constitute investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and should conduct their own research.
</div> Continue Reading: <a href="https://en.coin-turk.com/injective-inj-coin-price-prediction-will-the-rally-continue/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/injective-inj-coin-price-prediction-will-the-rally-continue/</a>

Injective (INJ) Coin Price Prediction: Will the Rally Continue?

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