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The Injective price has surged 27% in the last 24 hours to trade at $31.05 as of 05:32 a.m. EST as trading volume jumped 28% to $452 million.
With an 83% surge in the past 7 days, INJ has outperformed the overall cryptocurrency market, which has climbed just 0.9%.
The Injective Price: New Highs In 2023?
The INJ price has broken out from a consolidation stage, with bullish momentum pushing it up from the support zone at $7.16. Despite facing resistance at $18.95, bulls have resiliently regained control around the $15.32 support level, coinciding with the 50-day simple moving average creating momentum to reach the high at $32.
The INJ price, positioned above both the 200-day and 50-day moving averages, strengthens its bullish momentum as the moving averages act as immediate support levels with the crossover at $7.33.
The Relative Strength Index (RSI) remains bullish above the overbought threshold of 70, currently standing at 85 indicating significant buying pressure in the market.
The Injective Price: Bullish Momentum
The INJ price continues to rally upwards as indicated by the SMA convergence and a positive RSI alignment, enabling bullish investors to set their sights on the next all time high projected at $40 , indicating a potential 24% increase from the current price.
However, there is a possibility that bears could take charge, triggering a correction towards the $18.95 resistance turned support.
Given the risk that the bears move in on INJ, investors might consider presale projects that often offer lucrative returns upon their launch on major exchanges. Among theme are Meme Kombat and Wall Street Memes.
MK Presale Passes $3 Million
Meme Kombat (MK), is the new Play-to-Earn (P2E) project that has swiftly made significant strides in the meme coin arena. It’s passed $3 million in presale and is priced at $0.257.
Stake Your MK Tokens, Earn High APY,
As an investor you have the opportunity to boost your earnings by staking your acquired MK tokens with an impressive 285% annual percentage yield (APY).
📣 Major Update 📣
The Meme Kombat Staking Dashboard is officially live and ready to be used by you!
Take a break from Kombat and visit the staking dashboard here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G
— Meme Kombat (@Meme_Kombat) November 9, 2023
Jacob Bury, a crypto analyst and YouTuber, recently featured the Meme Kombat project. He believes that MK could mirror the success of meme coins like Pepe Coin, and anticipates a rapid 10X increase in value upon listing.
To participate in the MK presale, visit the official Meme Kombat website. There, you can connect your Web 3 wallet and easily exchange your ETH, USDT, or BNB for MK tokens.
$WSM Thrives on Wall Street Memes Casino
The Wall Street Meme (WSM) project is one of the standout success stories of 2023 after raising an impressive $25 million during its presale funding rounds.
The project has now introduced the Wall Street Meme casino, which saw over 18,100 new players sign up in its first month making $1.5 million in revenue playing 5,000 games. This number has since grown, crossing the 100,000 milestone showing crypto gambling’s potential for growth.
The Wall Street Memes price surged by 5.7% in the last 24 hours to trade at $0.023 as of 07:09 a.m. EST.
Visit the official WSM website here.
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