Collaboration plans send bullish signals across INJ and FET.
INJ is showing signs of strength despite market fluctuations.
Crypto analyst predicts collaboration’s positive effect on FET.
A proposed collaboration between the layer-1 blockchain Injective (INJ) and the blockchain artificial intelligence (AI) protocol Fetch.AI (FET) has sent bullish signals across community members and investors. A crypto analyst on the Altcoin Buzz podcast believes this development is positive and could fuel a short-term bullish trend.
The analyst points out that INJ has shown strength over the last month despite market fluctuations. The altcoin rallied in the first half of October, gaining nearly 30%. However, the cryptocurrency gave back those gains.
Despite the pullback, the analyst sees INJ as maintaining a bullish sentiment, citing the various developments within its ecosystem. Breaking above $35 would confirm an upside breakout and could trigger a sustained bull run for the DeFi protocol’s altcoin. A crypto market crash in the closing hours of Friday’s trading session pushed INJ below its October open, dropping the price to $17.11, a 16% daily loss.
Read also :…
The post INJ and FET Collaboration Sparks Bullish Sentiment in Crypto Market appeared first on Coin Edition.
