Injective (INJ) Now Ready for a Rally to This Next Key Level After +70 Days of Accumulation Breakout

Cryptocurrency analyst Jelle (@CryptoJelleNL) has posted that blockchain project Injective Protocol’s INJ token appears poised for a price surge based on recent market activity.

Accumulation Period Ending

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?🤫

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

Show more +

According to Jelle’s tweet, “INJ is breaking out from a 70+ day re-accumulation range! Market structure has now flipped fully bullish, it looks ready to push deep into the $50 range.”

He notes that INJ has been ranging between $32 and $42 price levels for over 70 days as investors have been accumulating the token. Now with its breakout above $43, Jelle believes the technical setup is bullish for INJ to rally toward the $50 level.

Recent Price Action

Supporting his view, INJ has already gained 8% today and 22% over the last week. With bullish momentum building behind the blockchain project and total value locked metrics continuing to rise, traders seem to be anticipating further upside for the token in the near-term.

As with any cryptocurrency prediction, it remains to be seen if this rally call will play out. But Jelle lays out a reasoned case for the potential of an INJ price surge fueled by its latest chart breakout.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

CaptainAltcoin
Logo