Ethereum

bullish

Injective

Bitcoin

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<p><a href="https://captainaltcoin.com/injective-inj-protocol-price-approaches-key-resistance-will-the-uptrend-continue/" target="_blank" rel="noopener noreferrer nofollow">Injective (INJ)</a> is showing signs of a strong impulsive move, with chart analysis pointing to potential price targets near $53.&nbsp;</p>
<p>Crypto analyst Nology has highlighted the INJ’s structure, noting $30 as a key level for confirmation. The price movement aligns with Elliott Wave Theory, suggesting a continuation of the upward trend.</p>
<p>The current chart for Injective reflects a clear Elliott Wave structure. The asset’s upward momentum began near $22.60 and has continued to form higher highs and higher lows.&nbsp; Analysts interpret this movement as the start of a primary impulsive wave cycle.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="692" src="https://captainaltcoin.com/wp-content/uploads/2024/12/Ge9BDb5bwAALxKM-1024x692.jpeg" alt="" class="wp-image-601632" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/Ge9BDb5bwAALxKM-1024x692.jpeg 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge9BDb5bwAALxKM-300x203.jpeg 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge9BDb5bwAALxKM-768x519.jpeg 768w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge9BDb5bwAALxKM-1536x1038.jpeg 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge9BDb5bwAALxKM-2048x1384.jpeg 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge9BDb5bwAALxKM-222x150.jpeg 222w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge9BDb5bwAALxKM-100x68.jpeg 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge9BDb5bwAALxKM-518x350.jpeg 518w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge9BDb5bwAALxKM-788x532.jpeg 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge9BDb5bwAALxKM.jpeg 1574w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Source: </em></strong><a href="https://x.com/nology3000/status/1868784443059847473" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Nology</em></strong></a>
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<p>Wave 1 established the initial upward move, followed by an ABC corrective phase. The price has now entered Wave 3, which signals further upside. According to Nology’s projections, Wave 3 could push INJ’s price above $35 in the short term.&nbsp;</p>
<p>Long-term targets suggest the completion of Wave 5 could drive the price toward $50-$53, aligning with historical resistance zones.</p>
<h2 class="wp-block-heading" id="strong-key-injective-price-levels-to-monitor-strong"><strong>Key Injective Price Levels to Monitor</strong></h2>
<p>The chart identifies $30 as immediate resistance, with Nology emphasizing the need for sustained action above this level. A breakout above $30 would confirm the bullish continuation and support the Wave 3 projection.</p>
<p>On the downside, strong support exists near $27.50, which has acted as a mid-level base during retracements. At press time, <a href="https://coinmarketcap.com/currencies/injective/" target="_blank" rel="noopener noreferrer nofollow">INJ trades at $29.07</a> with a 2.91% increase over the last day.</p>
<p>Further support lies at $22.60, a horizontal level where price accumulation previously occurred. Traders are watching these zones closely as they provide critical levels for re-entry or validation of the upward trend.</p>
<p>The 50-period MA has crossed above the 200, forming a Golden Cross. This technical signal is often interpreted as a sign of bullish momentum and trend continuation. The alignment of these moving averages supports the Elliott Wave projections for Injective’s price path.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/bitcoin-btc-price-faces-potential-correction-heres-why/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Bitcoin (BTC) Price Faces Potential Correction – Here’s Why</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-nology-s-analysis-and-ethereum-correlation-strong"><strong>Nology’s Analysis and Ethereum Correlation</strong></h2>
<p>In his tweet, Nology pointed to $30 as a confirmation level for Injective’s current move.</p>
<p>The analyst also set a target of $53, which aligns with the projected completion of Wave 5. Nology added that Injective, as an Ethereum beta play, could respond positively to movements in Ethereum’s price.</p>
<p>Ethereum’s performance often influences altcoins, with assets like Injective experiencing amplified price moves during ETH rallies. Traders remain watchful for Ethereum’s trajectory as a catalyst for Injective’s potential breakout.</p>
<p>All in all. the chart forecasts an immediate upward move toward $35-$38 as part of Wave 3. A small corrective phase (Wave 4) may follow before Injective resumes its upward momentum.&nbsp;</p>
<p>The long-term target of $50-$53 remains in focus, supported by technical indicators and resistance zones.</p>
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<p>The post <a href="https://captainaltcoin.com/will-injective-break-30-key-inj-price-signals-indicate-potential-run-to-53/" rel="noopener noreferrer nofollow">Will Injective Break $30? Key INJ Price Signals Indicate Potential Run to $53</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Will Injective Break $30? Key INJ Price Signals Indicate Potential Run to $53

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