Rally

Injective

Dark Knight

Shiba Inu

Pyth Network

<p>The price of the Injective Protocol’s token INJ has seen significant gains over the past 24 hours. Pricing information from CoinMarketCap indicates that the value of INJ has risen to <a href="https://coinmarketcap.com/currencies/injective/" target="_blank" rel="noopener noreferrer nofollow">$39.91</a>, marking a 3.72% increase, with its trading volume reaching $421 million over the last day.</p>
<p>Members of the cryptocurrency community have taken notice of Injective’s price movement and are anticipating further upside. ProfessorAstrones, a top crypto analyst, <a href="https://x.com/Astrones2/status/1762604419286171894?s=20" target="_blank" rel="noopener noreferrer nofollow">tweeted</a>, “The train is leaving the station. See you at $100.” He expects the Injective token to more than double its current price.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="637" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1048-1024x637.png" alt="" class="wp-image-445079" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1048-1024x637.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1048-300x187.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1048-767x477.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1048-1536x955.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1048-2048x1274.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1048-241x150.png 241w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1048-100x62.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1048-563x350.png 563w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1048-788x490.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1048.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Additionally, the decentralized exchange OMOSwap <a href="https://x.com/OMOSwapx/status/1762770063256703236?s=20" target="_blank" rel="noopener noreferrer nofollow">announced</a> they have listed Injective on their platform. In a tweet, OMO stated they expect strong demand for INJ as Bitcoin trends back towards $60,000. They told followers to “Get your bags packed as the coins get ready for liftoff!”</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-and-market-sentiment-strong"><strong>Technical Analysis and Market Sentiment</strong></h2>
<p>Besides the listing by OMO, technical analyst Dark Knight sees the Injective price breaking out after a month-long consolidation phase. In his analysis, he <a href="https://x.com/dark_knight_btc/status/1762807222277714170?s=20" target="_blank" rel="noopener noreferrer nofollow">notes</a> increased buy pressure signaling rising interest from buyers. With Bitcoin pumping above $55,000, he believes “altseason” has arrived, referring to a period where alternative cryptocurrencies outperform Bitcoin.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="553" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1047-1024x553.png" alt="" class="wp-image-445071" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1047-1024x553.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1047-300x162.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1047-767x414.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1047-1536x829.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1047-2048x1106.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1047-278x150.png 278w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1047-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1047-648x350.png 648w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1047-788x425.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1047.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Previously, Dark Knight had identified a support level at the 0.5 Fibonacci retracement. This support zone has held on successive tests, leading to rebounds in price. Now above $37, Dark Knight sees the breakout initiating a new rally to retest the all-time high around $45. He tells Injective holders to “brace yourselves for a new ATH!”</p>
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<p>The growing momentum behind Injective seems to support these optimistic outlooks. However, cryptocurrency prices can reverse rapidly. It remains to be seen if this latest surge will translate to new highs or end up as just another short-term spike. Nevertheless, the Injective project continues gaining support and adoption across the expanding decentralized finance ecosystem.</p>
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<p>The post <a href="https://captainaltcoin.com/bitcoinbtc-rally-sparks-injectives-price-surge-can-inj-hit-new-ath-here-is-why-this-crypto-analyst-thinks-so/" rel="noopener noreferrer nofollow">Bitcoin(BTC) Rally Sparks Injective’s Price Surge: Can INJ Hit New ATH? Here is Why This Crypto Analyst Thinks So</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin(BTC) Rally Sparks Injective’s Price Surge: Can INJ Hit New ATH? Here is Why This Crypto Analyst Thinks So

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