Summary
TLDR: Injective (INJ) price has been recovering, rising by 15% in the past three days. Investors are optimistic about its potential to break consolidation and reach $45 target, with potential to rally towards all-time high. Whale addresses are currently not very active, limiting price growth. If price fails to breach $45, it could retrace towards $35.
Key Points
1. The Injective (INJ) price momentum turned bearish following the formation of its all-time high nearly two weeks ago.
2. INJ is now recovering again, rising by more than 15% in the past three days, but will it be able to break consolidation?
3. Injective Investors Are Pushing On
Injective price is currently trading at $40.17, up from $35.02 just 72 hours ago. This has given bullish signs for investors once again, who were reeling from the 32% correction observed since mid-March.