The Injective (INJ) Crypto Has Constantly Been the Talk of the Town Owing to Its Scheduled Listing on Bitfinex

The Injective project is one of the most successful projects of the Cosmos Network and remains on the radar of investors and traders alike.

The Injective (INJ) crypto has been making headlines recently due to its upcoming listing on Bitfinex. As one of the most successful projects within the Cosmos Network, Injective (INJ) has naturally caught the attention of investors and traders.

The news regarding its listing on Bitfinex has pushed the INJ token’s price to remarkable levels. Successively, it has surged by approximately 18% over the past 30 days. So, will the new listing propel the INJ price to reach $35? Let’s understand the market sentiment of this altcoin.

INJ Price Retests Its Crucial Resistance Level!

With a rise of approximately 4% in the past day and a trading volume of $240.61 million, INJ has continued hovering close to its crucial resistance level at $21.35. Moreover, it has added 11.82% to its portfolio over the past week and 17.15% during the past 30 days.

Significantly, this altcoin has been trading within a consolidated range between $15 and $21.35 since August. Furthermore, it has faced multiple rejections at its resistance trendline, indicating a strong bearish point for the altcoin at that level.

Injective Technical Sentiments

The Moving Average Convergence Divergence (MACD) showcases a constant decline in the red histogram. With a potential bullish convergence, the INJ price posts a bullish outlook for the upcoming time.

The SMA indicator has constantly supported the Injective price chart in the 1D time frame. This indicates increased buying pressure for the altcoin in the crypto market.

Will INJ Price Reclaim $50 This Year?

Maintaining the price above its support level of $21.35 could set the stage for the Injective token to test its resistance level of $28.25. Further, if the bullish sentiment intensifies, this could result in it heading toward its upper high of $34.50 this month.

For INJ crypto to reclaim the $50 mark, it requires a jump of 131.05% considering its current trading price of $21.64.

On the flip side, if a bearish reversal occurs, the Injective (INJ) price could potentially plunge toward its crucial support trendline of $15 during the upcoming weeks.

Also, read Injective (INJ) Price Prediction 2024 – 2030!

The above is the detailed content of The Injective (INJ) Crypto Has Constantly Been the Talk of the Town Owing to Its Scheduled Listing on Bitfinex. For more information, please follow other related articles on the PHP Chinese website!