1
INJ marks a correction of more than 30% since its recent peak.
2
Recent rally occurs before reaching the target price level.
Injective price rises after a correction of more than 30% from its recent peak at the selling point. The INJ price witnessed a hyper bullish momentum, before the down trend began. Prior to the fall, analysts predicted a brief consolidation, making a bullish flag pattern, by instead the prices nosedived. The fall occurred due to a general market downtrend that pulled the entire crypto market into a downtrend. The general outlook of the crypto market may push the prices further into suffering.
The Picturesque
Source: INJ/USDT by TradingView
INJ price formed a parabolic curve pattern, which began to fall after reaching the sell point. The trading volume showed a spike in buyer interest for the short term. The Bollinger Bands diverge to indicate the abrupt fall in prices and the volatility caused due to it. The current price action
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