CandleFocus

Can Injective (INJ) Continue Its Rally Following the Upbit Listing?

The cryptocurrency market is experiencing a brief rebound, with altcoin Injective (INJ) surging over 10% and reaching $23. This rally coincides with its listing on South Korean exchange Upbit. Trading for INJ will begin on October 17, 2024. Despite the surge, the price dropped to a low of $20.36, but is currently trading at $21.37 with a 1.16% gain. Trading volume has increased by over 107% to $249 million. INJ has gained 9.38% in the past month and has a resistance at $23.77. Technical indicators suggest a bearish sentiment, potentially triggering a downward market trend.

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