- INJ Coin Commentary
- Will INJ Coin Increase?
- Impact on the Cryptocurrency Market
Bitcoin price surpassed $59,000 again, and gold exceeded $2,500. US stock markets are rising rapidly, while cryptocurrency markets remain relatively calm. What are the current expectations for INJ Coin?
INJ Coin Commentary
With the bridge news to the TON network, positivity for **INJ Coin** increased. Before the announcement, the price was just below $18 and then reached the $19 threshold. The In/Out of Money Around Price (IOMAP) indicator shows that conditions are favorable for new peaks. Investors are hopeful as **BTC** approaches $59,500 again.
Will INJ Coin Increase?
**INJ Coin price can rise**, and the exchange supply supports this. As of the writing of this article, current on-chain data indicates that approximately 900,000 tokens have been withdrawn from exchanges. When investors withdraw their assets from exchanges, they are less inclined to sell. The descending wedge formed on the daily chart also supports the rise. The Money Flow Index confirms the dominant position of buyers.
Impact on the Cryptocurrency Market
In a possible rally scenario, supported by the TON Coin news and on-chain signals, the price could move to the resistance of $20.22 to $21.67. The key threshold here is $20, and a possible rejection could lead to a drop to $17.57. The support of cryptocurrencies by the stock and gold rally is a positive development we observed close to the daily close. The weekend could be a comeback period for altcoins.
Markets are showing further activity, potentially affecting the price dynamics of both Bitcoin and INJ Coin. Investors watch key levels cautiously.
