bullish

Injective

Bitcoin

Rise

<p>The post <a href="https://coinpedia.org/price-analysis/injective-inj-price-eyes-a-40-surge-amid-bullish-reversal/" rel="noopener noreferrer nofollow">Injective (INJ) Price Eyes A 40% Surge Amid Bullish Reversal?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>With the rising volatility in the cryptocurrency market, top tokens have continued recording hovering close to their important support levels. Moreover, the market leader, <a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a> has successfully held its price at the $60K mark, indicating a high possibility of a bullish reversal.</p>
<p>On the other hand, the Injective price has successfully regained momentum and has added significant value to its respective portfolio during this week. With the increasingly bullish sentiment for the altcoin, will INJ price record a bullish surge toward the $50 mark during the upcoming months?</p>
<h2 class="wp-block-heading" id="h-injective-price-successfully-retests-its-crucial-support-level">Injective Price Successfully Retests Its Crucial Support Level:</h2>
<p>With a jump of over 10% within the past day and a trading volume of $96.060 Million, the <a href="https://coinpedia.org/price-prediction/injective-inj-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">INJ price</a> has successfully retested its crucial support level of $15. Further, it has surged approximately 28% this week alone, suggesting a positive outlook during the upcoming week.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc7XSafMIy9f9Av_YZ4IOvXAfuUcUPuzBZtsMZKs05viElSMQ9V6HWYECbtS7XjA_-7Ee7opsA9Rdey3OXJD2ZLJyXPmdhtmYEulpbuPRBZvtl5zYRrd52qWqz4B5CVlj6YNZ1EfsvdK5TL7k8oOviV0no?key=mHy3uzsmz2ctWqTzi2MsyQ" alt="Injective Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: INJ/USDT
 </figcaption>
</figure>
<p>With a trading price of $19.18 and a circulating supply of 97,622,752 INJ tokens, the Injective crypto has secured the 45th position with a market capitalization of $1.870 Billion.</p>
<p>The Relative Strength Index (RSI) has recorded a sharp uptrend from its oversold range, indicating an increase in the buying sentiment within the crypto space. Moreover, the average shows a bullish convergence in the 1D time frame.</p>
<p>Further, the MACD indicator has recorded a constant decline in the red histogram with its averages displaying a potential positive crossover. This highlights that the <a href="https://markets.coinpedia.org/injective/" target="_blank" rel="noopener noreferrer nofollow">Injective price</a> will continue gaining value in the coming time.</p>
<h2 class="wp-block-heading" id="h-will-inj-price-rise-back-up">Will INJ Price Rise Back Up?</h2>
<p>Suppose the crypto market continues trading under a bullish influence, in such case, the Injective price will test its resistance level of $21.35. Maintaining the price at that level will set the stage for INJ crypto to test its upper resistance level of $28.25 this month.</p>
<p>Conversely, if the bears overpowered the bulls, the Injective will plunge toward its crucial support level of $15 this month.</p>

Injective (INJ) Price Eyes A 40% Surge Amid Bullish Reversal?

Table of Contents

CoinPedia News

Other articles published on Aug 10, 2024

Irish Police Seize €6.5 Million in Crypto from Dark Web Suspects

Sui Surges by 30% in 24 Hours - $SUI Detailed Price Analysis

Bitcoin (BTC) Targeting New Highs After Bouncing Back Above $60K; Rollblock Surges 100% as Analys...

Decentrawood’s Native Token DEOD to Be Listed on MEXC Exchange on August 12th, 2024 at 10 AM UTC

MetaMask Backs Zcash: $150K for Shielded ZEC Development

Chris Burniske Predicts a Major Bull Run in the Crypto Market

Join our free newsletter for daily crypto updates!