$50 Injection? Analyst Bullish On Injective After 25% Surge
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The price of Injective (INJ) has increased by over 25% in the past week, rising from $17 to $23.27. This aligns with the positive trend in the cryptocurrency market, spurred by Bitcoin's price gains. The trading volume of INJ has also increased, indicating growing investor interest. Analyst 'World of Charts' suggests that if Injective can break out of its current falling wedge pattern, its price could reach $50. Additionally, the upcoming launch of Ethereum ETFs could further boost the value of Injective by attracting new investors. Projections indicate that INJ could rise by 220% to $83.77 by August 2024, fueled by a bullish market sentiment and significant forthcoming events like the Ethereum ETFs launch.
Source: www.newsbtc.com ↗
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