Top Analyst Predicts 2x Rally for Injective (INJ) as Price Breaks Through 7-Month Resistance-web3.0-php.cn

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Top Analyst Predicts 2x Rally for Injective (INJ) as Price Breaks Through 7-Month Resistance

Barbara Streisand

Nov 09, 2024 am 04:10 AM

Price Analysis Analyst PredictionInjective (INJ) Resistance Breakout

Injective (NJ) is currently breaking out of a descending channel pattern. This breakout is part of a bullish move that started three days ago when the INJ price

Top Analyst Predicts 2x Rally for Injective (INJ) as Price Breaks Through 7-Month Resistance

A top crypto analyst is predicting a 2x rally for Injective (INJ) as the price breaks through 7-month resistance.

Injective (INJ) has been on a tear lately, rallying by nearly 40% in the past three days. The INJ price began to spike from $16.30 on Monday and is currently around $22.60 at the time of writing.

This breakout is part of a larger bullish move that began on Monday. The INJ price spiked from $16.30 to reach a high of $23.20 on Tuesday morning.

After a slight pullback, the INJ price recovered and continued to rise throughout the day. By Wednesday morning, the INJ price had reached a new high of $24.30.

The INJ price then pulled back slightly from the highs but remained above the key resistance level at $22.60.

If the INJ price can continue to hold above this level and rally, it could signal the beginning of another run to the top of the channel.

Captain Faibik, a top crypto analyst with over 90,000 subscribers, is also projecting a significant bullish move for INJ.

The analyst’s chart suggests that we could see a 200% price increase following this breakout. The key will be a successful breakout and retest of the top of the pattern, which could lead to the start of a major run.

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