The cryptocurrency Injective (INJ) is displaying a pattern reminiscent of its historical movements, prompting interest among analysts.
Previous Price Movement of Injective
Injective previously exhibited a strong rise, increasing from $0.65 to $25, then correcting to $1.12 before climbing back to $53. This rise formed a 1-2-3 fractal, as noted by analyst Crypto Patel.
Current Structure and Forecasts
Currently, INJ shows a similar dynamic. After rising to $53, the price corrected to $6.34. Analysis suggests that if INJ breaks the resistance level, the next wave could push the price to $200, more than 2000% growth from current levels.
Conclusions on Injective's Prospects
At present, the price of INJ is hovering around $14, in a support zone, indicating a potential upcoming breakout. If history repeats itself, this could be the moment before a new surge.
Analysis of the current situation suggests that conditions for INJ's growth may be favorable. Investors and traders are closely monitoring developments.
