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Injective Protocol (INJ) Eyes Major Breakout, Targets $75 and $250
Professor Astrones forecasts INJ to reach $75 by Q1 2024, identifying a bullish flag pattern in recent market trends.
INJ shows a pennant formation at a crucial breakout point, indicating potential bullish movements in upcoming trading sessions.
Despite a slight dip to $35.73, INJ maintains a strong trading volume of over $217 million, highlighting investor interest.
recent market trajectory has sparked interest among investors. In a tweet update, Professor Astrones, a crypto analyst, pinpoints a clear bullish flag pattern, forecasting a notable price surge for INJ. As per his analysis, INJ boasts ambitious targets of $75 in Q1 2024 and $250 before 2025. His confidence is palpable as he anticipates the token reaching triple digits soon.
At the current juncture, INJ's price is at a crucial point. It hovers at the apex of the pennant formation, a typical breakout zone. Traders keenly watch this space as a breakout above the upper trendline signals a bullish move. Conversely, a drop below the lower trendline could suggest bearish trends.