Injective

<p>Top analyst Crypto Feras on X shared insights on the Injective’s price chart, signaling key price levels and a promising outlook for the token.&nbsp;</p>
<p>Feras’ analysis points to a potential breakout above $30, with $44 being the next target. However, there are also key support levels to watch for, which, if lost, could see INJ’s price dip.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/ripple-xrp-price-targets-0-65-resistance-as-bulls-eye-short-squeeze-potential-heres-the-outlook/" target="_blank" rel="noopener noreferrer nofollow">Ripple (XRP) Price Targets $0.65 Resistance as Bulls Eye Short Squeeze Potential—Here’s the Outlook</a></em></strong></p>
<h2 class="wp-block-heading" id="key-support-and-resistance-levels-for-injective-inj">Key Support and Resistance Levels for Injective (INJ)</h2>
<p>Crypto Feras highlighted two critical levels for Injective. The primary support level lies at $17, which serves as a foundation for the current bullish trend.&nbsp;</p>
<p>According to Feras, losing this level would open the door to a potential drop to $13.55. However, he maintains that this scenario is less likely, given the strength of the current price action.&nbsp;</p>
<p>On the upside, the next key resistance stands at $30. This level needs to be flipped for the bullish trend to continue, with a potential upward target of $44.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="503" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-11-1024x503.png" alt="" class="wp-image-559883" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-11-1024x503.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-11-300x147.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-11-767x377.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-11-1536x755.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-11-2048x1006.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-11-305x150.png 305w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-11-100x49.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-11-712x350.png 712w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-11-788x387.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-11.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/CryptoFeras/status/1841051423238222192" target="_blank" rel="noopener noreferrer nofollow">X/CryptoFeras</a></em></strong>
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<p>Currently, INJ is trading around $23.52, and the bullish sentiment is supported by a bullish deviation/reclaim pattern, as noted by Feras. This pattern often signals a reversal in the price trend, suggesting the potential for further upward movement if resistance levels are broken.</p>
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<h2 class="wp-block-heading" id="injective-inj-price-action-and-bullish-deviation">Injective (INJ) Price Action and Bullish Deviation&nbsp;</h2>
<p>CryptoFeras chart indicates <a href="https://coinmarketcap.com/currencies/injective/" target="_blank" rel="noopener noreferrer nofollow">that Injective’s price</a> has formed a bullish deviation, where the price briefly dipped below key support but has since recovered, reclaiming that level. This development is significant for bullish traders, as it often suggests a continuation of the upward trend.&nbsp;</p>
<p>The analyst reinforces his bullish bias, stating that flipping $30 could propel the price to $44 while dropping below $17 would target $13.55. Despite acknowledging the downside risks, Feras remains confident, citing his large long position and a 176.35% return on investment through a 10x leverage trade.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/heres-when-fantoms-token-will-rebrand-to-s-as-ftm-price-pumps-again/" target="_blank" rel="noopener noreferrer nofollow">Here’s When Fantom’s Token Will Rebrand to $S as FTM Price Pumps Again</a></em></strong></p>
<h2 class="wp-block-heading" id="inj-next-targets-and-market-outlook">INJ Next Targets and Market Outlook</h2>
<p>According to CryptoFeras’ chart, the $30 resistance level is a critical hurdle for Injective’s price. If this level is breached, Feras anticipates the next target at $44, which would mark a nearly 100% price increase from current levels. This scenario aligns with his ongoing bullish outlook for the asset.</p>
<p>Conversely, if the price falls below $17, the next support at $13.55 would come into play. However, this bearish scenario is viewed as less likely, given the strong momentum in the current rally and the bullish reclaim pattern on the INJ chart.</p>
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<p>The post <a href="https://captainaltcoin.com/analyst-highlights-next-key-levels-for-injective-inj-as-rally-continues-anticipates-100-price-surge/" rel="noopener noreferrer nofollow">Analyst Highlights Next Key Levels for Injective (INJ) as Rally Continues, Anticipates 100% Price Surge</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Highlights Next Key Levels for Injective (INJ) as Rally Continues, Anticipates 100% Price Surge

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