Rally

bullish

Injective

Memecoin

<p>Crypto analyst Crypto Winkle has shared a <a href="https://captainaltcoin.com/heres-why-injective-inj-price-could-be-primed-for-a-major-breakout/" target="_blank" rel="noopener noreferrer nofollow">bullish outlook for Injective (INJ)</a>, with his chart showing a potential price rally to $52. The analysis comes as INJ breaks out of a descending channel and Upbit, South Korea’s largest crypto exchange, integrates the token.</p>
<p>An analysis of Crypto Winkle’s chart highlights a breakout from a descending channel that has been in place since early 2024. This move above the resistance line suggests a shift in market sentiment from bearish to bullish.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$INJ</a> Breakout Alert! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f977.png" alt="🥷" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/injective?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@injective</a> is smashing through resistance! This is the moment we've been waiting for!<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;">RSI at 58 = Strong momentum!<br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;">MACD at 0.24 = Bullish crossover confirmed!<a href="https://twitter.com/Official_Upbit?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Official_Upbit</a> just integrated <a href="https://twitter.com/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$INJ</a>. Millions of new users &amp; KRW pairing = explosive… <a href="https://t.co/FENf2pycKa" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/FENf2pycKa</a></p>— Crypto Winkle (@CryptoWinkle) <a href="https://twitter.com/CryptoWinkle/status/1846854800840720509?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 17, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The $16-$18 range has served as a strong support level throughout the year, with the price bouncing off this zone multiple times. Besides, the RSI stands at 58, indicating strong momentum without reaching overbought conditions. This leaves room for potential price growth.&nbsp;</p>
<p>At 0.24, the MACD has also reached a positive zone, therefore verifying a bullish crossover and indicating increasing momentum.</p>
<h2 class="wp-block-heading" id="strong-upbit-integration-boosts-liquidity-strong"><strong>Upbit Integration Boosts Liquidity</strong></h2>
<p><a href="https://www.cryptotimes.io/2024/10/17/upbit-listing-announcement-boosts-inj-by-over-10-today/" target="_blank" rel="noopener noreferrer nofollow">Integration of injective with Upbit</a> has given its market dynamics fresh perspective. Including a Korean Won (KRW) trading pair creates liquidity and provides access to millions of possible new users. This development could drive buying pressure as Korean traders gain easier access to INJ tokens.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The largest exchange in Korea, Upbit has officially integrated <a href="https://twitter.com/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$INJ</a><br><br>Millions of new users can now access native <a href="https://twitter.com/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$INJ</a> tokens using the Korean fiat pair <a href="https://twitter.com/search?q=%24KRW&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$KRW</a> <a href="https://t.co/u08ZNxilht" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/u08ZNxilht</a></p>— Injective <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f977.png" alt="🥷" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@injective) <a href="https://twitter.com/injective/status/1846838614828687390?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 17, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The official Injective X account announced the integration, emphasizing the significance of Upbit as the largest exchange in Korea. This move aligns with Injective’s efforts to expand its reach and accessibility in key crypto markets.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://doge2014.io" target="_blank" rel="noopener noreferrer nofollow">Doge2014</a></strong> raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="noopener noreferrer nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/dogecoin-doge-and-bonk-memecoin-prices-are-pumping-heres-why/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Dogecoin (DOGE) and BONK Memecoin Prices Are Pumping: Here’s Why</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-market-outlook-and-potential-targets-strong"><strong>Market Outlook and Potential Targets</strong></h2>
<p>Based on the technical analysis and recent developments, Crypto Winkle suggests that INJ could target the $52 resistance zone. This level is derived from previous price peaks and represents a key area of interest for traders and investors.</p>
<p>The combination of technical indicators and fundamental catalysts has created a favorable environment for <a href="https://coingape.com/why-injective-inj-price-rockets-10-suddenly/" target="_blank" rel="noopener noreferrer nofollow">INJ’s potential price growth.</a>&nbsp; Moreover, the sustainability of the current bullish momentum and the token’s ability to maintain prices above the breakout point will be crucial factors in determining whether it can reach the projected $52 target.</p>
<p>Per CoinMarketCap price data at press time, <a href="https://coinmarketcap.com/currencies/injective/" target="_blank" rel="noopener noreferrer nofollow">INJ trades at $21.50</a>. The token has seen a 2.51% increase in value over the last day.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/heres-why-injective-inj-price-could-rally-to-52/" rel="noopener noreferrer nofollow">Here’s Why Injective (INJ) Price Could Rally to $52</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Here’s Why Injective (INJ) Price Could Rally to $52

Table of Contents

CaptainAltcoin

Other articles published on Oct 17, 2024

Pepe Unchained Hits $20M Presale Milestone – Is This the Best Meme Coin to Buy?

Jupiter Launches Meme Coin Trading App Ape Pro on Solana

Whale Trap at $3? FTT’s 16% Price Rally Raises Concerns of Manipulation

Ripple Partners with IRC for Humanitarian Aid

How to Buy Alchemy Pay Coin?

Japan’s Metaplanet Expands Bitcoin Holdings to $40.5M With Another 108 $BTC Purchase

Join our free newsletter for daily crypto updates!