Recent events in the cryptocurrency market have drawn attention to Injective and its token $INJ. Analysts are anticipating potential price growth based on technical analyses and new investments.
Wave Analysis and Price Predictions
Crypto analyst Crypto Patel has forecasted a significant price surge for $INJ in the ongoing bull market. He believes the cryptocurrency is on the cusp of a breakout, driven by a clear Elliott Wave pattern forming on the chart.
According to Patel, the completion of Wave 2 near the $6–$7 support zone has set the stage for a potential Wave 3 rally. This key phase in Elliott Wave theory could lead to substantial price growth, with targets projected between $100 and $180 for $INJ, offering a potential upside of 217% from current levels.
Pineapple Financial's Entry into Traditional Finance
The Injective ecosystem has recently expanded with Pineapple Financial’s introduction to the traditional finance sector. Pineapple Financial, a publicly traded digital asset company, operates under the ticker PAPL.
On September 5, it appeared across Bloomberg Terminals, signaling a crucial step for Injective’s broader integration into mainstream financial markets. The company has begun its operations with $100 million in capital, which it considers just a starting point.
Future of Injective ($INJ)
In the upcoming phase of the Injective ecosystem, attention is focused on whether $INJ can repeat past cycles and break through key resistance levels. If the anticipated Wave 3 rally takes place, $INJ could see substantial price movement in the coming months.
With Pineapple Financial’s new listing and strong technical patterns for $INJ, the outlook appears positive. The broader crypto market’s bullish momentum may provide the necessary catalyst for this growth.
In the coming weeks, it will be essential to monitor the dynamics of $INJ and whether it can reach the projected price of $100. Market dynamics will indicate the validity of specialists' expectations.
