Injective

Strong

Momentum

Cloud

<ul class="wp-block-list">
 <li>Injective (INJ) shows strong momentum, with a potential 36% rally by December's end.</li>  
 <li>Increased user activity and large transactions signal growing market interest in INJ.</li>  
 <li>Bullish indicators like the Ichimoku Cloud and TSI suggest continued upward price movement.</li> 
</ul>  
<p><a href="https://cryptonewsland.com/injective-inj-price-prediction-will-inj-surge-past-the-240-mark-by-2030/" rel="noopener noreferrer nofollow">Injective (INJ)</a> has shown impressive growth in 2024, jumping 82% year-to-date and reaching a new all-time high of $52.72. A breakout above $30 has sparked expectations for a potential 36% rally by the end of December. The platform’s deflationary tokenomics and efficiency set it apart from competitors like DYDX.</p>  
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<h2 class="wp-block-heading" id="h-strong-momentum-and-key-support-levels">Strong Momentum and Key Support Levels</h2>  
<p>Injective has gained <a href="https://cryptonewsland.com/injective-inj-in-buy-zone-is-a-breakout-to-150-on-the-cards-rollblocks-200x-potential-impressing-shib-holders/" rel="noopener noreferrer nofollow">significant upward momentum</a>. Currently trading at $32.33, INJ has risen by 7.86% over the past week. The $28.00–$30.00 zone has served as strong support, helping to fuel the recent rally. As long as the price holds above this support level, bulls may target the all-time high of $52.77.</p>  
<p>The 4-hour chart also shows a steady upward trend within a rising channel, suggesting further growth. After breaking through $22.96, INJ surged 41.72%. The next resistance point lies at $42.00, a 28.02% upside from current levels. If the lower boundary of the channel holds, the bullish trend is likely to continue.</p>  
<h2 class="wp-block-heading" id="h-user-activity-and-market-interest-drive-price-action">User Activity and Market Interest Drive Price Action</h2>  
<p><a href="https://app.intotheblock.com/coin/INJ" rel="noopener noreferrer nofollow">INJ's transaction volume</a> has increased significantly since early September. Large transactions surged from about ten per day to sixty by late September. This rise in activity coincided with a price jump from $22.96 to $32.00. However, large transactions dropped in October.</p>  
<p>But in November, the number of large transactions spiked again, peaking at fourteen per day as the price broke above $30.00. This increase in market interest and investor activity signals that larger players are entering the market. Data from <a href="https://www.intotheblock.com/" rel="noopener noreferrer nofollow">IntoTheBlock</a> reveals that 57.55% of INJ addresses are profitable.</p>  
<p>Meanwhile, 33.32% of addresses are at a loss, having bought above this price. The profitable range extends up to $29.62, while losses begin above $33.80. Technical indicators confirm a bullish outlook. The Ichimoku Cloud shows a widening green span, signaling strong momentum.</p>   
<p>The post <a href="https://cryptonewsland.com/injs-price-forecast-36-upside-potential/" rel="noopener noreferrer nofollow">Injective (INJ) Forecast: 36% Upside Potential by End of December</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Injective (INJ) Forecast: 36% Upside Potential by End of December

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