Injective (INJ) just blasted out a bullish flag pattern. Its reportedly setting sights on a midterm target of $66 and very soon looks towards going on a solid uptrend. It has already broken above its 200 day moving average. Right now its at a critical $22.5 resistance level and looks to break through it pretty soon which would result in even more gains.
Injective is attracting major attention towards itself with analysts supporting it by highlighting its potential bullish run coming soon. Currently trading at $ 22.7 this cryptocurrency is poised to break above to more high targets, with a midterm price forecast of $66.
One of the crypto analysts , Captain Faibik specially highlighted a bullish flag pattern breakout for injective. Injective had been suffering a constant decline as of recent and usually there is a reversal from a downtrend to an uptrend and recent momentum of it hints on a major breakout. Analysts believe if this continues on we could expect a very nice rally.
Analysts are absolutely hyped up about INJ hitting $66 midterm after breaking out of a bullish flag pattern which is usually a sign of strong accumulation before a big price move. Its getting full support from buyers as well as they are all stepping in which further pushes INJ closer to this target. Analyst Aqua notes that INJ just broke above the 200-day moving average , this is first time since April, which often hints at a trend reversal. Aqua also makes another positive remarks by stating he believes INJ could surge past $100 in the coming months.
You might also like :Cardano Soars as Bitcoin Nears $80K