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The price of the injectable rose 10% to $15.47 at 6:32 am EST as Trading volume increased 87% to $180 million.
INJ price has recovered significantly after breaking out of a long period of consolidation, initiating a bullish gain as indicated by successive bullish candles.
The strong rebound from the $7.47 support level suggests the potential for an ongoing uptrend, giving bulls the momentum needed to attempt to break the $12.6 resistance.
Injectable Price Breaks Over $12.8 Hurdle Resistance
The price bounce from the 50-day and 200-day moving averages has helped generate positive price momentum.
Even though it faced resistance at $12.8, this support has boosted the confidence of bullish investors, allowing the price to break above the $12.8 resistance level and allowing bulls to aim for new highs.
The Relative Strength Index (RSI) rose from 50, crossed the overbought threshold of 70 and settled at 91, indicating intense buying pressure. However, the momentum may see a correction before the bulls regain control.
Injective Price Forecast: Bulls Target $18 High
The overall outlook for INJ remains positive, evident in the alignment of the moving averages and the RSI, motivating bulls to target $18 as a new peak.
However, the interjection of the downtrend could lead to a drop to $12.8 and if this bearish move continues, potential buyer support may be around $8.2.
If you missed the recent INJ surge, consider exploring bitcoin Minetrix, which offers an attractive opportunity with its pre-sale project and mining staking features, positioning itself as a potential alternative to INJ.
BTCMTX pre-sale is approaching $3.9 million soft limit, Expert predicts 10x growth potential
bitcoin Minetrix (BTCMTX) is now in the fifth stage of its pre-sale, offering tokens at a discounted price of just $0.0114 per token.
Exciting announcement #BitcoinMinetrix It has raised over $3,000,000! pic.twitter.com/Hs2063y9tJ
—Bitcoinminetrix (@bitcoinminetrix) November 1, 2023
This stage presents a strategic opportunity for investors to be part of the pre-sale, which has successfully raised $3,122,498 and is approaching its soft cap target of $3.9 million. Participation at this point is a big plus before the pre-sale progresses further and prices increase.
#BitcoinMinetrix Stage 5 is now available! pic.twitter.com/OIZcFFIUeX
—Bitcoinminetrix (@bitcoinminetrix) November 2, 2023
Prices will increase progressively in the pre-sale, eventually reaching $0.0119 in the final stage.
The pre-sale comes with a maximum limit of 15 million dollars, allowing participants to obtain up to 77.5% of the token supply. Some of these tokens will be used to fund bitcoin mining operations, launch the platform, market the token, create a cloud mining facility, or secure a long-term lease for such a facility.
Last chance! Buy BTCMTX, enter $30,000 Airdrop
You also have the chance to enter the $30,000 Minedrop Airdrop and potentially be one of 10 lucky winners to receive a $3,000 prize.
Additionally, investors can generate passive income through the mining staking program.
By staking your BTCMTX tokens, you can earn a substantial APY of 187%. Currently, approximately 222 million tokens have already been staked, resulting in 158.5 blocks being mined per eth.
Jacob Bury crypto, a well-known YouTuber with a subscriber count of over 23,000, has provided a comprehensive review and guidance to his viewers on this promising opportunity.
He has personally invested $3,000 in BTCMTX in the pre-sale. In one of his videos, he also mentions BTCMTX as one of the ““The top 5 cryptocurrencies to buy in November,” adding that it has 10x growth potential.
Can quickly buy BTCMTX tokens by connecting your wallet to the BTCMTX website and use the pre-sale widget to get tokens by exchanging your eth, USDT or BNB. If that doesn’t work for you, the option to purchase with your bank card is also available.
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