ProfessorAstrones, a pseudonymous crypto trader active on the X platform (formerly Twitter), just posted a bullish price forecast for Injective Protocol’s INJ token. In a tweet to his followers, ProfessorAstrones pointed to a clear bullish flag pattern in INJ’s price chart.
“A clear bullish flag pattern with my targets in the chart,” he wrote. “First target 75$ in Q1 2024. Second target 250$ before 2025.”
Besides predicting these lofty price targets, ProfessorAstrones confidently declared, “All I can say is that we will see 3 digits soon!” At press time, INJ was trading around $34 according to CoinMarketCap. Significantly, the token has declined nearly 5% over the last 24 hours amid a broader crypto market pullback.
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Show more +However, ProfessorAstrones remains staunchly bullish on INJ’s outlook. Consequently, he believes the token could triple in value to $75 within the next few months. Additionally, he set an even more ambitious target of $250 prior to 2025 – over seven times INJ’s current price.
Hence, if ProfessorAstrones’ predictions prove accurate, there could be substantial gains in store for INJ holders this year and beyond. Nonetheless, crypto price forecasts should be taken with a grain of salt. Price swings in the volatile crypto markets can rapidly invalidate even the most carefully constructed analyses.
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