Injective (INJ) Surges 15%: Analyst Eyes $50 Mark
Injective (INJ) has been on a tear lately, surging nearly 15% since last week. The broader crypto market is in a bullish phase, fueled by Bitcoin’s recent surge. This positive sentiment has created a perfect environment for altcoins like INJ to thrive.
The upcoming launch of Ethereum ETFs on July 23rd is also adding to the excitement. This event is expected to attract new investors and boost demand for altcoins, potentially pushing INJ to new heights.
Currently, INJ is trading at $23.27 with a 24-hour trading volume of $512.89 million. The price has increased by 5.97% over the past 24 hours.
Analyst Predicts $50 Target
Crypto analyst World Of Charts believes INJ is in a strong uptrend and is consolidating within a falling wedge pattern, which is considered a bullish formation. If INJ breaks out of this pattern, the analyst expects it to surge towards the $50 mark in the coming weeks.
With the bullish wave in crypto markets and the anticipated impact of Ethereum ETFs, INJ could be poised for further gains. Investors and analysts are watching closely, hoping for INJ to continue its upward climb.
