Bitcoin (BTC) continues its rise despite profit taking as it chases new highs. Although a sell candle is seen on the 15-minute chart after each rise, BTC maintains a strong stance near $71,500. ETF inflows and macroeconomic developments support BTC price increases. So, what will happen to INJ Coin?
INJ Coin Review
INJ Coin has refocused on its resistance, which it has been struggling with for a long time. INJ Coin, which has been following a stagnant trend for two months, had previously made significant gains. Now, investors are observing the decline in INJ Coin deposits by looking at the total supply on exchanges. This reflects investor motivation and the tendency to hold onto assets.
The charts indicate a positive outlook and fewer coins being sent to exchanges supports this motivation. Since December 2023, investors continue to hold their assets. The MACD (Moving Average Convergence Divergence) indicator gives recovery signals in favor of the bulls.
INJ Coin Price Predictions
Injective (INJ) price is testing the $28 resistance level at the time of writing. If this level is exceeded, a new attempt can be made to overcome the $30 resistance. Such a scenario could see the INJ Coin price rise 22 percent to $35. $35, which was the key area of accelerated sales in April, is an important level for long-term goals.
Fluctuations continue on the Bitcoin front and everyone's eyes are on the US data to be announced on Friday. Although leading indicators point to positive data, investors should be cautious and not ignore risks.
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