Injective price could rise 10% before shorts have a field day


19 Sep 2023 6:54 PM

Injective (INJ) price is trading with a bullish bias, outperforming many cryptocurrencies, including Bitcoin (BTC). The rally could continue but it al...

  • Injective (INJ) price is trading with a bullish bias and has outperformed many cryptocurrencies, including Bitcoin.
  • Momentum indicators suggest a growing momentum, and INJ could rise 10% to the weekly fair value gap (FVG) at $8.273.
  • A break and close above the consequential encroachment (CE) at $8.407 would confirm an uptrend, potentially reaching $8.901.
  • However, early profit-taking could cut the forecasted climb short, leading to a potential downtrend.

The overall sentiment of the article is positive, as it discusses the bullish outlook for Injective (INJ) price and the potential for a rise in value. However, it also mentions the possibility of profit-taking and a potential downtrend.

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You May Ask

What is the potential price target for Injective (INJ) according to the article?What are the momentum indicators suggesting for INJ price?What would confirm an uptrend for INJ?What percentage of addresses holding INJ are currently in unrealized profit?What could potentially lead to a downtrend for INJ?

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