Injective (INJ) Price Targets $52 as Upbit Integration Boosts Liquidity

Crypto analyst Crypto Winkle has shared a bullish outlook for Injective (INJ), with his chart showing a potential price rally to $52.

Cryptocurrency analyst Crypto Winkle has shared a bullish outlook for Injective (INJ), suggesting that the token could rally to the $52 resistance zone.

Winkle’s analysis comes as INJ breaks out of a descending channel and following the integration of the token by South Korea’s largest cryptocurrency exchange, Upbit.

A closer look at Winkle’s chart highlights a breakout from a descending channel that has been in place since early 2024. The move above the resistance line suggests a shift in market sentiment from bearish to bullish.

$INJ Breakout Alert! ?

@injective is smashing through resistance! This is the moment we've been waiting for!

?RSI at 58 = Strong momentum!

?MACD at 0.24 = Bullish crossover confirmed!

@Official_Upbit just integrated $INJ.

Millions of new users & KRW pairing = explosive… pic.twitter.com/FENf2pycKa

The $16-$18 range has served as a strong support level throughout the year, with the price bouncing off this zone multiple times.

Moreover, the relative strength index (RSI) stands at 58, indicating strong momentum without reaching overbought conditions. This leaves room for potential price growth.

At 0.24, the moving average convergence divergence (MACD) has also reached a positive zone, confirming a bullish crossover and indicating increasing momentum in the token's price action.

Upbit integration provides liquidity

The integration of Injective with Upbit has brought a fresh perspective to its market dynamics. The inclusion of a Korean Won (KRW) trading pair creates liquidity and provides millions of potential new users with access to INJ tokens.

This development could drive buying pressure as Korean traders gain easier access to INJ tokens.

Biggest exchange in Korea, Upbit has officially integrated $INJ.

Millions of new users can now access native $INJ tokens using the Korean fiat pair $KRW.

pic.twitter.com/u08ZNxilht

The integration was announced by the official Injective X account, highlighting 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 cryptocurrency markets.

The Injective (INJ) token has rallied by over 200% year-to-date and is now eyeing a potential 150% move to hit Crypto Winkle’s target.

However, 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.

INJ price at the time of writing is $21.50, up 2.51% in the last day.INJ has a market cap of $463 million, according to CoinMarketCap price data at press time.

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