Injective Records 26% Rally as Analysts Predict Bullish Price Breakout
Injective (INJ) has rebounded 26% from recent lows, indicating potential for further gains. Key developments include:
- Recovery from a drop to the $9 mark, now approaching significant resistance.
- After hitting a December high of $35.26, INJ retraced over 65%, frequently falling below the $10 support.
- The cryptocurrency surged to around $12.02 following news of a ceasefire between Israel and Iran.
- A breakout above $12 could signal a bull reversal, targeting local highs near $15.
- Analysts forecast a possible 100%-150% bullish rally toward $23-$30 if it maintains support at $11.5-$11.6.
- Current trading price is $11.64, reflecting a 3% increase in the daily timeframe.
