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.
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.
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.
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.
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? Read CoinPedia’s Injective Price Prediction!
According to CoinPedia’s latest price prediction, the Injective price could conclude the year 2025 with a high of ~$56.
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.
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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