Injective (INJ) Price Set To Skyrocket 33% On Classic Bullish Signal: Crypto Analyst

In an analysis shared on X, renowned crypto analyst Josh Olszewicz (@CarpeNoctom) forecasts a significant 33% rise in the price of Injective (INJ) based on a classic bullish chart pattern known as the inverted head and shoulders (iH&S). The chart suggests a strong reversal possibility from recent bearish trends, potentially steering the cryptocurrency’s price to new local highs. Injective Price Prepares For Lift-Off The iH&S pattern, prominently featured in Olszewicz’s chart, is a revered formation among technical analysts for predicting bullish reversals following a downward trend. This pattern is identified by three troughs: the middle trough (head) being the deepest and flanked by two shallower troughs (shoulders), which are approximately of similar depth. Related Reading: Injective Market-Shaking News Drives INJ Price Up By 7% Details On the chart, the left shoulder forms around mid-April, dipping below $23.50. The head is seen in May, dropping to a low near $21.08. The formation completes with the right shoulder in early June, reaching down around $23.90, mirroring the left shoulder. The neckline, which is a key component in this pattern, is drawn across the peaks that connect the shoulders and the head. On Olszewicz’s chart, this line is positioned at approximately $28.70. A breakout above this neckline is typically interpreted as confirmation of the pattern’s completion and an impending bullish trend. According to the chart, the price of INJ is about to break above this critical threshold. The analyst’s chart also integrates the Ichimoku Cloud, which provides a dynamic look at potential support and resistance areas. Presently, the price of INJ is hovering near the lower edge of a red cloud, indicating an upcoming resistance zone, which traders might watch closely. Related Reading: Injective (INJ) Buy Signal That Led To 700% & 555% Rallies Forms Again Further enriching the analysis are the Fibonacci extension levels drawn from the lowest point of the head to the neckline of the iH&S pattern. These levels project potential price targets if the bullish breakout is confirmed. The 1.618 Fibonacci extension is marked at $34.74, and a more ambitious 2.0 extension reaches $39.09. These targets represent potential resistance levels where traders might take profits, hence they are crucial for understanding possible future price movements. Josh Olszewicz’s reliance on the iH&S pattern combined with other technical indicators such as the Ichimoku Cloud and Fibonacci extensions presents a comprehensive view. This analysis suggests that INJ’s price could escalate towards $34.74 and might even extend to $39.09, marking a 33% increase from the current price. Investors and traders need to monitor INJ’s price movement closely, keeping an eye on trading volumes and market sentiment which could either accelerate or hinder the predicted bullish momentum. At press time, INJ traded at $29.51. Featured image created with DALL·E, chart from TradingView.com

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Injective Market-Shaking News Drives INJ Price Up By 7% Details

Injective, a Layer 1 (L1) protocol, emerged as one of the standout performers in the crypto market on Thursday, with its native token INJ experiencing a substantial 7% surge within the past 24 hours.  Accompanying this surge, the protocols market capitalization is inching closer to the significant milestone of $3 billion. The price movement coincides [...]

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Injective (INJ) Flashes Bullish Reversal Signal at Historic Launch Zone

Injective (INJ) is flashing strong bullish signals, positioning itself for a potential breakout that could set the stage for a major price rally. The token is currently hovering at a critical technical juncture, retesting the ascending support trendline of a long-term upward channel, a level that has historically marked the beginning of significant upward moves. […]

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INJ Price Soars 13% As Injective Unveils inEVM, Ethereum And Solana Integration Expected

In a recent announcement, Layer 2 (L2) protocol Injective (INJ) has reached a major milestone with the launch of its inEVM Layer 2 rollup solution on the mainnet. This technology introduces an Ethereum Virtual Machine (EVM) environment to the Injective ecosystem, opening up new prospects for developers and blockchain interoperability. By integrating with Ethereum (ETH), [...]

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Qubetics, Polygon, and Injective Are Setting the PaceHeres Why Theyre the Best Cryptos to Buy Right Now in 2025

Discover the latest insights on Qubetics, Polygon, and Injective. Explore the best crypto to buy right now, with expert price predictions and features in 2025.

The post Qubetics, Polygon, and Injective Are Setting the PaceHeres Why Theyre the Best Cryptos to Buy Right Now in 2025 appeared first on Kanalcoin.

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Injective Launches Important Token Tool As INJ Bleeds

Injective Protocol, a decentralized finance-centric platform, has launched TokenStation. In a blog post on March 18, Injective said the solution, deployed on its mainnet, allows users to launch native tokens. With this tool, Injective said it would empower anyone to create their tokens in a low-fee and scalable environment. Injective Launches TokenStation, Strikes Key Partnership The tool was developed by the Injective community and aims to “remove barrier to entry for token creation.” Like the token creation tools on Solana and Ethereum, for example, using TokenStation, part of the blog post won’t require coding experience.  Related Reading: Top Reasons Why The Bitcoin Price Crashed Below $63,000 This makes it easier for individuals and projects to launch on Injective. Beyond token minting, the tool allows token management and integration of tokenomics mechanisms like burning. The blockchain is launching the TokenStation days after partnering with AltLayer, a platform backed by Binance Labs dedicated to developing roll-up technology for Ethereum. Through this collaboration, the two will build a re-staking security framework for Injective Ethereum Virtual Machine (inEVM) applications. The recently launched inEVM allows developers to seamlessly build applications leveraging the high scalability and near-zero fees on Injective. Additionally, the inEVM is set to increase composability between WebAssembly (WASM) and EVM environments. Through this unique feature, Injective can bridge the interoperability of Cosmos, the developer activity of Ethereum, and the high scalability of Solana.  Will Volan Help Prop Up INJ Prices? In January, Injective Protocol activated the Volan Upgrade, setting the platform’s plans to build a robust real-world tokenization infrastructure into motion. Part of this was the introduction of a Real-World Asset (RWA) module. In this way, institutions can launch regulatory-compliant security tokens.  Additionally, Volan modified INJ tokenomics, making the token progressively deflationary. Burning reduces INJ tokens over time, a measure adopted by other protocols, including BNB and Ethereum. Related Reading: Shiba Inu Ecosystem Blooms: BONE Jumps 44% With $3 Target In Sight While the upgrade and subsequent partnerships have lifted its prominence in decentralized finance (DeFi), growth has been slower than expected.  So far, DeFiLlama data shows that Injective Protocol commands a total value locked (TVL) of less than $65 million. This is miles behind Solana or Ethereum, two of the world’s most active smart contract platforms where active DeFi protocols also thrive. Meanwhile, INJ prices, although relatively higher, are under pressure, as seen in the candlestick arrangement in the daily chart. INJ is down 30% from 2024 highs, slipping and following Bitcoin. However, the coin is within a broader consolidation. Resistance and support levels are around $44 and $30, respectively. Feature image from Canva, chart from TradingView

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Injective Integrates Fetch.ai And ASI: Why Is INJ Down?

Injective, the DeFi-centric protocol, has recently made major moves. Besides boasting of high throughput and low fees while protecting traders from maximal extractive value (MEV) bots, the platform has been striking key partnerships. Injective Integrates With Fetch.ai And ASI This week, the proposal by Fetch.ai and the Artificial Superintelligence Alliance (ASI) community to integrate Injective was passed synonymously. The proposal passed with 100% of the votes agreeing with the move. Related Reading: Bitcoin Price Forecast: Analyst Says Expect 98% Crash After Blow Off To $250,000, Heres Why Looking at voting data, over 324 million FET voted to endorse the idea, with only 656 FET rejecting it. No one voted to abstain or veto. Voting started on October 23 and ended five days later on October 28. According to the proposal, the goal is to revive the expired IBC client for Injective under “Revive expired IBC client for Injective.” In this way, Fetch.ai, now part of the ASI Alliance, can harness the power of AI within the sprawling Injective DeFi ecosystem. This arrangement will allow Fech.ai, an AI-centric platform, to directly plug its machine learning and AI capabilities into the Injective platform. Out of this, users will benefit from streamlined and leveraged AI-enabled tools when trading. The team also said they would benefit from improved liquidity management and asset allocation. Even with this deal, Injective and ASI will continue operating independently. The integration isn’t a merger but an Injective tapping into ASI’s AI capabilities. Why Is INJ Down? Bullish as this may be, INJ prices ticked lower, looking at the events in the daily chart. Injective bulls have yet to reverse losses posted on October 25 comprehensively. Accordingly, despite the series of higher highs over the weekend and in the first half of the week, sellers are in control. So far, INJ is down 20% from October highs and continues consolidating inside a $10 zone. Clear resistance is around $25, while support is at $15. If the bulls of Q1 2024 flow back, momentum will likely pick up once buyers break above the $25 level, preferably with increasing engagement. Related Reading: Bitcoin Consolidates Near ATH Volume Suggests A Big Move Ahead Besides improving crypto sentiment and rising total value locked (TVL) across DeFi, INJ could benefit from Injective’s core feature. The protocol has the highest revenue-to-fully diluted valuation (FDV) ratio, even better than Ethereum. The high metric translates to Injective boasting of an efficient revenue generation mechanism that could further boost prices. Feature image from iStock, chart from TradingView

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