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coinpedia 2025-01-06 07:13:17

Injective Price Reclaims $26 With a 37% Surge, Is $32 Next?

The post Injective Price Reclaims $26 With a 37% Surge, Is $32 Next? appeared first on Coinpedia Fintech News With a successful start to 2025, the INJ price has displayed a strong bullish price action. Reportedly, with its launch of a tokenized GPU marketplace for AI computing, this altcoin has gained significant attention from the crypto space. Considering the present market statistics, will Injective Price maintain its bullish streak and outperform top altcoins in terms of gains this week? In this article, we bring you the short-term market analysis, technical sentiments, and possible Injective (INJ) token price targets. INJ Price Soars Over 37% in 6 Days! Following the launch of Injective’s INJ 3.0 proposal, its native token has experienced a significant jump in its valuation. Notably, the altcoin has jumped ~12% in 24 hours and 37.36% this year. This makes it one of the best-performing altcoins. TradingView: INJ/USDT Moreover, with a consecutive inflow for 6 days, the Injective token is currently valued at $26.152 with a daily trading volume of $227.52 million, a change of +108.23%. With a market capitalization of $2.56 billion, this altcoin has secured the 55th position in the global crypto list. Injective Technical Sentiments The Relative Strength Index (RSI) successfully retests its oversold range in the daily time frame. This has resulted in it recording a sharp rise toward its overbought range with its average trendline experiencing a positive crossover. Further, the EMA 50/200-day shows a Golden Cross in the Injective price chart. This suggests a bullish outlook for the altcoin during the upcoming time. How High Will INJ Price Go? Suppose, the bullish sentiment sustains, under such a situation the Injective coin price will retest its $27 mark. Further, if the momentum is intact, this altcoin could reach its important resistance level of $32 this week. On the flip side, if a trend reversal occurs, the INJ token may retest its immediate support level of $22.80. However, if the bearish sentiment intensifies at that point, this could result in it plunging toward its low of $20. Planning on stacking this undervalued altcoin before the altcoin season kickstarts? 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// Remove the flag and category ID from localStorage localStorage.removeItem('subscribe_without_Login'); localStorage.removeItem('subscribe_clicked_id'); } }); /************************** update susbcriber content **************************** */ function initializeSubscriptionButton() { var initialListItems = document.querySelectorAll('.subscription-options input[type="checkbox"]'); initialListItems.forEach(function(item) { console.log(item.checked, 'Initial Checkbox checked status'); }); var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); } function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector('.subscribe-submit .changeBtnText'); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = 'Subscribe Now'; } else { subscribeButtonSpan.textContent = 'Unsubscribe'; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the 'active' class updateButtonText(anyActive); } document.addEventListener('click', function(event) { var clickedItem = event.target.closest('.subscription-options li'); if (clickedItem) { var checkbox = clickedItem.querySelector('input[type="checkbox"]'); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } }); FAQs What is the price prediction for INJ? According to CoinPedia’s latest price prediction, the Injective price could conclude the year 2025 with a high of ~$56. Is Injective a good crypto? With a Year-to-Date (YTD) return of over 30% in the first week of the year, this crypto project hints at a bullish outlook. What is the price of INJ today? The Injective price is valued at $26.152 with a 24-hour trading volume of $227.55 million, a change of +108.74%.

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