Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»INJ Coin is up 500% since October. Could we double from here in the coming weeks?
ALTCOIN NEWS

INJ Coin is up 500% since October. Could we double from here in the coming weeks?

By Crypto FlexsDecember 20, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
INJ Coin is up 500% since October.  Could we double from here in the coming weeks?
Share
Facebook Twitter LinkedIn Pinterest Email

reporter

Posted on: December 20, 2023


  • INJ’s momentum has stalled in the past 127% extension.
  • The huge profits being enjoyed by holders could lead to sharp price movements in the coming days.

Injective (INJ) is up 500% since October 12th. Technical analysis of the token shows that above $25 is clear sky and $55 is very likely at the moment.

However, holders at low prices will certainly increase selling pressure on INJ.

AMBCrypto’s technical analysis suggested several levels at which holders could book profits. Re-entry can wait until the trend plateaus and a significant decline occurs. On-chain indicators also pointed to an overbought market situation.

If history repeats itself…

Are injection prices expected to rise above $50?Are injection prices expected to rise above $50?

Source: INJ/USDT on TradingView

Based on the October rally from $7.16 to $19.14, a series of Fibonacci retracement and extension levels (yellow) have been marked. The $15 and $25 levels acted as strong resistance in 2021, but not in 2023.

INJ has risen higher once again after consolidating between $15 and $18 for almost a month. In the uptrend, the 100% and 127% extension levels acted as resistance. This was followed by another rapid push towards the 200% level.

RSI on the daily chart hit 88, deep in overbought territory.

However, this does not mean that a withdrawal must occur. We can expect several tests of the $46.35 level in the coming days, a slight retracement towards $40, and another rise if there is a repeat of last month’s trading.

But trading has never been that easy.

The MVRV rate is again above its November high.

Are injection prices expected to rise above $50?Are injection prices expected to rise above $50?

Source: Santiment

As prices continued to rise, age-related indicators remained silent. This means that INJ tokens have not been moved in large quantities, which is usually a signal that precedes a huge selling wave. However, the MVRV was very high.


Realistic or not, INJ’s BTC market cap is:


It is very likely that rational holders will sell their tokens to realize profits, which could significantly undermine the bulls’ interests. The average monetary age showed an upward trend from November 24 to December 10, but then the trend stopped.

Overall, it made sense for INJ holders to sell and wait for a range to form before accumulating once again.

Disclaimer: The information presented does not constitute financial, investment, trading, or any other type of advice and is solely the opinion of the author.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025
Add A Comment

Comments are closed.

Recent Posts

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025
Most Popular

Binance Launches VIP ‘Rising Star’ Program with $20,000 Rewards

June 19, 2024

Utilizes AMD Radeon GPUs for efficient Llama 3 fine-tuning

October 8, 2024

Allocation Update – Q4 2023

February 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.