EddieJayonCrypto
7 Jan 24
Injective (INJ) is preparing for the final phase of its token unlock, with 3.66 million tokens set to be released on January 21, bringing 100% of the total INJ supply into circulation. Analysts predict that INJ could rally, with one analyst suggesting a potential rise above $60 due to a bullish flag...
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Injective (INJ) is preparing for the final phase of its token unlock, with 3.66 million tokens set to be released on January 21, bringing 100% of the total INJ supply into circulation. Analysts predict that INJ could rally, with one analyst suggesting a potential rise above $60 due to a bullish flag formation. However, selling pressure poses a threat, and INJ needs to overcome the $40.28 resistance to confirm the breakout. Despite this, as long as the price action holds above $35, a move in the $60 direction is still possible.
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