$50 Injection? Analyst Bullish On Injective After 25% Surge

Quick Summary:

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.

Related Reading: Expert Foresees XRP Soaring To $250: Technical Analysis Explained A decent rise in trading volume has coincided with INJ’s price spike, suggesting increasing investor interest.

Recently, the cryptocurrency market has been trending positively, and the substantial increase in Bitcoin’s price is a significant factor in this price ascent.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Injective Bitcoin INJ Cryptocurrency Market News Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 12:30:09 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 508 words

Reading Time: 3 minutes read

Sentences: 70 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 21664922

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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