Injective Protocal 16.73usdt
Max Supply 100 M INJ
Circulating 24 M (24% of 100%)
This is my view on this Coin.
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Following on from it's explosive breakout above $10, INJ is now printing yet another bull flag!
I expect INJ to hit the next target of $12.80 very soon. 🚀
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Injective Protocol has just breezed past $10.00 hitting both targets. INJ could now be forming a new bullflag, if confirmed I expect the next breakout to hit $11.00. 🚀
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Injective has finally broken out from it's larger wedge testing $10.00.
I'm now expecting the current wedge formation to breakout within the next 12 hours. INJ should clear $10 and then hit the first target of $10.20. If there is enough volume on breakout, INJ could possibly go on and hit around the $10.50 level.
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Following on from it's previous breakout hitting an ATH of $11.19, I have taken another look and can see INJ is following a trendline that it has used as support since 11th January.
If you look at the previous wedge breakout, INJ is repeating the same pattern, but this time on a much larger scale.
With this in mind, I expect INJ have another massive breakout...
Looking across the market, oscillators have reset and pullback completed - ready for the next step up.
Target based on fib extension 1.618, stop below latest swing low.
Strong fundamentals, creating derivatives protocol for DEX.
Looking strong vs both BTC and ETH.
INJ has hit a new ATH in past hour, albeit by 0.49c but the key thing here is that $1.40 resistance has now flipped to support. With this new support level, I would expect for the next upper resistance level to be around $1.60.