Injection Prices Soar!, signaling a potential upside of another 30-40% after hitting a new ATH near $50.

Injective price has surged more than 16% and not long ago hit a new ATH just below $50 at $49.24. The token has been in an extended consolidation phase since the beginning of the year and has been performing strongly as a result, hitting new highs. Now that the token has entered the price discovery phase, potential higher targets continue to remain high and within achievable range.

Could this lead to INJ price breaking $50 before the end of the day?

A popular interoperable layer 1 blockchain powering DeFi applications appears to be just getting ready. The token has achieved a new ATH just above temporary resistance, so major price action is yet to occur. The real party can begin when INJ price strengthens against Bitcoin, which triggers a bullish rally.

The INJ/BTC pair triggered a bullish bounce after testing the lower support of the rising wedge. Moreover, similar price movements have been observed for USDT, suggesting that the token is strengthening against other currencies. This means a significant increase in buying pressure and positive market sentiment. Moreover, a reversal in RSI levels may point to an extension of the bullish trend for a long time to come.

Therefore, it is worth noting that the cryptocurrency is on the shores of a massive explosion and could reach $60 with the next bullish move. So, it may not be wrong to say that the INJ price is offering a good opportunity to pile up with all the bearish candles, as the popular analyst said. KaleoI am a person who believes that the INJ price may soon record a ‘God Candle’.