Token

Rally

Show

Coin

<p>A popular crypto analyst has highlighted that Injective’s INJ token is setting up for a potentially massive bullish move, but a key support level must be defended by buyers to catalyze the upside.</p> 
<p>According to <a href="https://twitter.com/CryptoJelleNL/status/1768529345411231821" target="_blank" rel="nofollow">Jelle</a>, a trader actively tracking INJ’s price action, the token is exhibiting multiple technical bullish signals that combine to create a “picture-perfect” setup:</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="733" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-632-1024x733.png" alt="" class="wp-image-452661" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-632-1024x733.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-632-300x215.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-632-767x549.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-632-1536x1099.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-632-2048x1465.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-632-210x150.png 210w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-632-100x72.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-632-489x350.png 489w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-632-788x563.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-632.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<ol> 
 <li>INJ has broken out from a 2-month accumulation range, which refers to a prolonged period of tightening price action where buyers and sellers reach an equilibrium before a breakout.</li> 
 <li>It has also broken out from a 2-week bullish flag pattern, which is a technical formation suggesting a continuation of the preceding uptrend after a brief consolidation period.</li> 
 <li>Most significantly, INJ has set new all-time highs by surpassing its previous peak price levels.</li> 
</ol> 
<p>Jelle notes that if INJ manages to successfully retest and find support at the previous 2-month accumulation range around current levels, it could catalyze a rally up to $75. This represents potential upside of over 60% from the current trading price.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $BONK, $PEPE, and $WIF?
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"><strong>NuggetRush</strong></a> today! This pioneering memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<p>Complementing Jelle’s analysis, our team’s research has uncovered that INJ’s price is also attempting to retest the breakout level around $45 that kicked off 3 days ago after a 3-month consolidation period.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="465" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-631-1024x465.png" alt="" class="wp-image-452653" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-631-1024x465.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-631-300x136.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-631-767x348.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-631-1536x697.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-631-2048x929.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-631-331x150.png 331w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-631-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-631-772x350.png 772w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-631-788x357.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-631.png 1823w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>For the bulls to remain in control and push prices higher towards the $75 target projected by Jelle, it is crucial that the $45 level holds as support during this retest. A failure to sustain above $45 could potentially lead to another consolidation phase or downward price movement.</p> 
<p>In summary, while multiple technical indicators are aligning for a major bullish continuation for INJ, traders and investors will be closely monitoring whether the token can successfully retest and bounce from the $45 support zone. Holding this level could open the path for a rally exceeding 60% from current prices up towards $75.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/why-bitcoin-btc-price-could-reach-1-million-this-year-or-the-next/" target="_blank">Why Bitcoin (BTC) Price Could Reach $1 Million This Year or the Next</a></li> 
 <li><a href="https://captainaltcoin.com/is-maker-mkr-poised-for-correction-amidst-upcoming-launch-bullish-whale-bets-vs-technical-warning-signals/" target="_blank">Is Maker (MKR) Poised for Correction Amidst Upcoming Launch? Bullish Whale Bets vs. Technical Warning Signals</a></li> 
 <li><a href="https://captainaltcoin.com/binance-coin-bnb-investors-join-new-0-0018-altcoin-predicted-1000-growth/" target="_blank">Binance Coin (BNB) Investors Join New $0.0018 Altcoin Predicted 1000% Growth</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/injectives-inj-token-flashing-picture-perfect-bullish-signals-but-crucial-support-must-hold-for-60-rally/">Injective’s INJ Token Flashing ‘Picture-Perfect’ Bullish Signals, But Crucial Support Must Hold for 60%+ Rally</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Injective’s INJ Token Flashing ‘Picture-Perfect’ Bullish Signals, But Crucial Support Must Hold for 60%+ Rally

Table of Contents

CaptainAltcoin

Other articles published on Mar 15, 2024

Samson Mow Warns of Imminent Altcoin Crash, Ripple's Legal Fight with SEC Gears Up With New Deadl...

Arthur Hayes’ WIF Target: “The Hat Stays On While I Count to $10

Ethereum Moves Toward Layer-2 Centric Strategy with Buterin’s Encouragement

Trader Takes $1.65M Profit On 'Shiba Inu Killer' Dogwifhat, But Keeps 75%: 'Hanging On As Much As...

Bitcoin Price Slides Within Range, Can Bulls Protect This Support?

ASD (ASD) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Join our free newsletter for daily crypto updates!