Claim $500Injective Price Gains Momentum: Is a 70% Surge on the Horizon?
Highlights
- Injective price surges 10%, eyeing a 70% increase amid bullish trend.
- Trading volume spikes by 28.77%, reaching $476.46 million as interest grows.
- Open interest in Injective rises by 5.08%, totaling $121.10 million.
Injective (INJ) price has recently experienced a significant bullish breakout. The INJ price is currently following an upward trend. There has been a notable increase in its value, coinciding with broader market gains. As buying interest continues to grow, expectations are rising for further advances in INJ price eyeing 70% gain.
Injective Price Eyes 70% Surge Amid Market Bullish
Over the past 24-hour period, the Injective price has seen a significant uptick of 10%. At the time of writing, the INJ price hovered at $23.29. The cryptocurrency’s value rose steadily throughout the day, hitting a high of $23.74 after starting from a low of $21.45. This marks a robust recovery and suggests increased trading activity and a potentially positive market.
Today, the cryptocurrency market has displayed significant upward movement. Most digital currencies experienced a notable increase in value, contributing to a predominantly green trading day.
Bitcoin’s value is now above $64,000, while Ethereum has surpassed the $2,600 mark. This upward trend has also positively impacted Injective price, Poisoning it to rally to $40 support level in the near term.
Injective Price Prediction: Can INJ Hit $40 Level Soon?
The daily technical for Injective price analysis reveals a significant bullish trend. The Relative Strength Index (RSI) is currently at 68, nearing overbought conditions but still in bullish territory.
The INJ price is on a solid upward trend, eyeing the $40 mark. This surge is driven by increased whale accumulation of stablecoins, each holding over $5 million. The percentage of stablecoin supply held by whales has steadily risen, these could be adding new capital.
According to Coinglass data, the derivatives market for Injective price has seen a significant surge in activity. The trading volume and Open Interest have experienced a notable increase, indicating a strong bullish trend.
The Injective price could see a significant upward movement, with potential gains driving the price to $25. If bullish momentum intensifies, the INJ price could rally toward $30. Market sentiment has been increasingly positive, and combined with key on-chain data, this could support the ongoing bullish trend. If current trends continue, the price may reach as high as $40, gaining more than 70% .
Frequently Asked Questions (FAQs)
1. Could Injective reach $40 in the near future?
2. What role do stablecoins play in Injective's price rise?
3. How is the broader cryptocurrency market affecting Injective?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Injective Protocol
24 Hours volume
$41.47M
Market Cap
$449.25M
Max Supply
NA
Premium Partners
Related Articles
- IMF and El Salvador in Bitcoin Talks: Progress Made, Compliance Deadline Set
- Trump Media Invests $40M in Bitcoin as Incoming CFTC Chair Signals Crypto Clarity Act Push in January
- Aave DAO Saga Deepens as Alignment Proposal Moves to Snapshot; AAVE Price Down 7%
- Fed’s Stephen Miran Urges More Rate Cuts In 2026 To Avoid U.S. Recession
- Breaking: $4T JPMorgan Explores Crypto Trading for Institutional Clients as U.S. Banks Embrace Crypto
- Bitcoin Price Prediction As Michael Saylor Pauses BTC Purchase- Is A Fall to $74k Imminent?
- Aster launched Phase 5 Buyback Program Allocating 80% Fees. Will ASTER Price Rally?
- XRP Price Prediction: Rare Bullish Patterns Align With Powerful Catalysts
- Weekly Crypto Price Prediction: Bitcoin, Ethereum, and XRP as Market Momentum Builds
- Will Solana Price Hit $150 as Mangocueticals Partners With Cube Group on $100M SOL Treasury?
- SUI Price Forecast After Bitwise Filed for SUI ETF With U.S. SEC – Is $3 Next?
