The
price
of
Injective
has
increased
by
over
25%
in
the
past
week,
from
a
low
of
$17
to
$23.27
this
morning.
Recently,
the
cryptocurrency
market
has
been
trending
positively,
and
the
substantial
increase
in
Bitcoin’s
price
is
a
significant
factor
in
this
price
ascent.

The
upbeat
perception
of
Bitcoin
has
been
a
significant
factor
in
the
success
of
altcoins.

Injective
is
one
of
the
most
significant
beneficiaries.

Related
Reading

A
decent
rise
in
trading
volume
has
coincided
with
INJ’s
price
spike,
suggesting
increasing
investor
interest.
With
$512
million
in
24-hour
trading
volume
and
a
$2.17
billion
market
capitalisation,
it
is
evident
that
injective
is
becoming
more
and
more
popular
in
the
market.

 

Expert
Eyes
$50
Goal

The
renowned
cryptocurrency
specialist,
World
of
Charts,
has
expressed
a
favourable
evaluation
of
Injective’s
probable
price
trajectory.
According
to
his
research,

INJ
is
now
seeing an upward
trend
and
is
consolidating
within
a
bullish
continuation
signal,
namely
a
falling
wedge
formation.
With
its
lower
highs
and
lower
lows,
the
falling
wedge
pattern
implies
that
a
breakout
may
be
on
the
horizon.

$Inj#Inj
Is
In
Strong
Uptrend
Currently
Consolidating
Within
Falling
Wedge
(Bullish
Pattern)
Injective
Needs
To
Clear
This
Wedge
To
Continue
Its
Upside
Move
Incase
Of
Successful
Breakout
Expecting
Move
Towards
50$
In
Coming
Weeks#Crypto

#Injective

pic.twitter.com/oTkRdHdNes

—
World
Of
Charts
(@WorldOfCharts1)

July
15,
2024

World
of
Charts
highlighted
that
Injective
must
effectively
break
out
of
its
wedge
pattern
in
order
to
resume
its
upward
trajectory.
A
breakthrough
would
indicate
that
the
consolidation
phase
is
over
and
the
rising
trend
is
back
on
track.
The
expert
anticipates
that
if
this
breakout
happens,
the
price
of
INJ
would
rise
over
the
next
few
weeks
and
approach
$50.

Ethereum
ETFs:
Will
They
Change
The
Injective
Market?

The
market
is
getting
even
more
excited
because
Ethereum
ETFs
will
be
available
starting
July
23.
People
think
that
this
important
event
will
give
the
market
new
hope,
which
will
bring
in
new
buyers
and
make
more
people
want
to
buy
cryptocurrency.
As
expected,
the
release
of
Ethereum
ETFs
will
cause
the
price
of
Injective
to
go
through
the
roof.

 

People
who
follow
the
market
are
very
positive
about
how
Ethereum
ETFs
might
affect
it.
The
expected
influx
of
big
investors
and
the
ease
of
access
to
Ethereum-related
assets
may
cause
the
values
of
altcoins
to
rise.

INJ
Price
Prediction:
A
Positive
Sight

By
August
16,
2024,
Injective
is

seen rising by
220%
to
$83.77.
As
we
speak,
th
coin
has
a
69
score
on
the
Fear
&
Greed
Index.
Having
a
price
range
of
6.60%,
injective
has
had
15
out
of
30
“green
days”
during
the
past
30
days.
These
factors
indicate
that
the
altcoin
could
see
significant
increase
in
the
next
months.

Due
to
the
fact
that
the
cryptocurrency
industry
is
still
expanding,
Injective
is
in
a
favourable
position
to
profit
from
the
current
bullishness
as
well
as
the
market
triggers
that
are
going
to
occur
in
the
near
future.

Related
Reading

Strong
fundamental
trends,
a
positive
market
mood,
and
big
events
like
the
launch
of
Ethereum
ETFs
have
all
contributed
to
an
environment
that
is
conducive
for
Injective’s
price
performance.

 

Featured
image
from
Injective,
chart
from
TradingView

Go to Source
Author: Christian Encila

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