CandleFocus Injective (INJ) Eyes 54% Gains, Thanks to Upbit Boost
2024-10-17
Author: Content Editor
Injective (INJ) experienced a surge in price following its listing on South Korea's Upbit exchange, reaching a 16-day high of $23.09. Although the price has since corrected to $21.28, bullish sentiment remains strong, with the potential for the coin to retest and surpass the recent high. Technical indicators, such as the MACD, suggest a bullish trend, and the spike in open interest indicates increased market activity and new capital entering the market. The $22.01 level is seen as a key resistance, and if broken, could trigger a significant rally to $33.38. However, failing to hold support at $15.79 could lead to further declines.
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