Despite Bitcoin’s (BTC) decline of almost 9 percent, Injective (INJ) is experiencing its own bull.
BTC, which experienced a solid correction during the night hours, pulled almost the entire altcoin market down. While a decrease of nearly 10 percent was recorded among altcoins in general, it did not go unnoticed that INJ moved in the opposite direction. While BTC shot needles at an incredible rate, INJ’s upward pricing without disrupting its stability was a signal that the parity was experiencing a bull within itself.
So, can this rise continue on the INJ side? Could we see an ATH anytime soon?
The countdown for ATH may have begun!
INJ, which had made its ATH in the past with $ 25,250, set its sights on these levels again. The popular coin, which experienced an almost uninterrupted increase from $ 16,616, reached $ 23,242 overnight. Despite the sharp correction in BTC, INJ, which made such an attack, naturally withdrew a little when it saw selling pressure on the parity.
As of the writing of the news, INJ, which found buyers at $ 21,988, will target $ 25,242 and $ 30,140 respectively as long as it holds above $ 23,242. INJ, which will not encounter any clear resistance once the current ATH value is exceeded, may experience even more voluminous price movements. However, BTC’s bearish pricing, upward movement of BTC dominance, or any fud news from the Injective ecosystem will naturally trigger sell-side transactions. In such a scenario, there may be a pullback to 20,511 – 19,122 – 17,932 – 16,616 and 14,520 dollars respectively.
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