Injective Price Reclaims $26 With a 37% Surge, Is $32 Next?
INJ price is showing strong bullish price action as 2025 gets off to a successful start. The altcoin has reportedly received significant attention from the crypto space with the launch of the market for tokenized GPUs for artificial intelligence computing.
Considering the current market statistics, will Injective Price maintain its bullish trend and outperform the top altcoins this week? In this article, we bring you short-term market analysis, technical sentiment, and possible Injective (INJ) token price targets.
INJ price surged more than 37% in 6 days!
With the launch of Injective’s INJ 3.0 proposal, the valuation of its native token has surged. Notably, the altcoin gained around 12% in 24 hours and is up 37.36% this year. This makes it one of the best performing altcoins.
Additionally, with 6 consecutive days of inflows, the Injective token is currently valued at $26.152, with a daily trading volume of $227.52 million, a change of +108.23%. The altcoin has a market capitalization of $2.56 billion and ranks 55th on the global cryptocurrency rankings.
Introjected technical emotions
The Relative Strength Index (RSI) successfully retested its oversold range on the daily time frame. This resulted in a sharp rise into overbought territory and a positive crossover of its average trendline.
Additionally, the EMA 50/200 Days shows a golden cross in the single shot price chart. This indicates a bullish outlook for the altcoin in the coming period.
How high will INJ prices go?
Assuming the bullish sentiment continues, in which case the Injective token price will retest the $27 mark. Furthermore, if momentum remains intact, the altcoin could reach the important resistance level of $32 this week.
On the other hand, if a trend reversal occurs, the INJ coin may retest its immediate support at $22.80. However, if bearish sentiment intensifies at this time, it could lead to a drop towards the lows of $20.
Planning on accumulating this undervalued altcoin before altcoin season begins? Read CoinPedia’s Single shot price prediction!
FAQ
According to the latest price prediction from CoinPedia, Injective price may reach a high of around $56 by the end of 2025.
The cryptocurrency project’s year-to-date (YTD) returns exceeded 30% in the first week of the year, hinting at a bullish outlook.
Injective price valuation is $26.152, with a 24-hour trading volume of $227.55 million, a change of +108.74%.
