As of the date of writing, INJ is trading at a price level of $23. The project reached its highest price level ($52.75) on March 14, 2024. In the intervening period, İnj lost almost 56% of its value. So, can Injective ( $INJ ) rise to $50 by July? Here is the current Inj coin analysis..

According to CoinMarketCap data, Injective's market cap currently stands at around $2 billion, ranking it 41st among cryptocurrencies. Meanwhile, trading volume increased by 17% to $89 million, driven by increased activity and investor interest. 

INJ Price Forecast: Is INJ Near New ATH?

#Injective has experienced a significant increase of 12% in the last week. This increase is attributed to increased investor potential and positive changes in the market. 

The price of #Inj  is in an upward trend, supported by a broader rise in other alternative cryptocurrencies.

INJ Price Prediction

According to DeFiLlama's data, the total value locked (TVL) of the Injective protocol is $54.14 million. The 24-hour trading volume was $4.22 million and inflows were recorded as $42 million. INJ token price is currently $23. These metrics highlight current market dynamics and investor activity, highlighting Injective's position in the decentralized finance (DeFi) space.

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Injective (INJ) Analysis Technique

  • The 4-hour technical indicators of the INJ/USD pair are showing some significant fluctuations. The Moving Average Convergence Divergence (MACD) indicator offers slight bearish momentum as the MACD line (blue) remains below the signal line (orange). However, although the histogram shows red bars, it shows that bearish momentum decreases as the bars get smaller.

  • Injective has a critical resistance level at $25. Overcoming this hurdle could increase its price to $30. If the uptrend continues, Injective could approach $40 by the end of July. An increase in bullish activity could push its value up to $50 during the next market rally.

  • On the other hand, the increasing bearish sentiment could cause Injective's price to decline towards the $23 support level. Additional support lies at $22, while a strong base lies at $20, indicating a potential bearish phase ahead.

  • The current support level for Injective (INJ) is $23. There are additional support levels at $22 and a strong base at $20; This shows areas where the price can stabilize if it starts to fall.


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