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The Injective price surged 10% to $15.47 at 6:32 a.m. EST as trading volume jumped 87% to $180 million.
INJ price has significantly recovered after breaking out of a long consolidation period, kickstarting a bullish gain as indicated by the successive bullish candlesticks.
The strong rebound from the support level at $7.47 suggests the potential for an ongoing bullish trend, giving the bulls the momentum needed to aim for breaking through the resistance at $12.6.
Injective Price Breaks over $12.8 Hurdle Resistance
The price rebounding from the 50-day and 200-day moving averages has played a role in building positive price momentum.
Even though it faced resistance at $12.8, this support has boosted the confidence of bullish investors, allowing the price to surpass the $12.8 resistance level and enabling the bulls to target new highs.
The Relative Strength Index (RSI) has surged from 50, crossing the overbought threshold of 70 and settling at 91, indicating intense buying pressure. However, the momentum may experience 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 moving averages and the RSI, motivating the bulls to target $18 as a new peak.
However, the bearish trend interjection could lead to a drop to $12.8, and if this bearish movement continues, potential buyer support may be around $8.2.
If you missed out on INJ’s recent surge, consider exploring Bitcoin Minetrix, which offers an enticing opportunity with its presale project and stake-to-mine features, positioning itself as a potential alternative to INJ.
BTCMTX Presale Nears $3.9 Million Soft Cap, Expert Predicts 10x Growth Potential
Bitcoin Minetrix (BTCMTX) is now in the fifth stage of its presale, offering tokens at a discounted price of just $0.0114 per token.
Exciting Announcement 🚀#BitcoinMinetrix has raised over $3,000,000! pic.twitter.com/Hs2063y9tJ
— Bitcoinminetrix (@bitcoinminetrix) November 1, 2023
This stage presents a strategic opportunity for investors to become part of the presale, which has successfully raised $3,122,498 and is edging closer to its soft cap target of $3.9 million. Participation at this point is a big advantage before the presale progresses further and prices increase.
#BitcoinMinetrix Stage 5 is Live! 🔥 pic.twitter.com/OIZcFFIUeX
— Bitcoinminetrix (@bitcoinminetrix) November 2, 2023
Prices will progressively rise in the presale, ultimately reaching $0.0119 in the final stage.
The presale comes with a hard cap of $15 million, allowing participants to obtain up to 77.5% of the token supply. Some of these tokens will be used for funding Bitcoin mining operations, launching the platform, marketing the token, creating a cloud mining facility, or securing a long-term lease for such a facility.
Last Chance! Buy BTCMTX, Enter the $30,000 Airdrop
You also have the opportunity to participate in the $30,000 Minedrop airdrop and potentially be one of the 10 fortunate winners to receive a $3,000 prize.
Furthermore, investors can generate passive income through the stake-to-mine program.
By staking your BTCMTX tokens, you can earn a substantial APY of 187%. Currently, approximately 222 million tokens are already staked, resulting in the mining of 158.5 blocks per ETH.
Jacob Bury Crypto, a well-known YouTuber with a subscriber count of more than 23k, has provided a comprehensive review and guidance to his viewers regarding this promising opportunity.
He has personally invested $3,000 worth of BTCMTX in the presale. In one of his videos, he also mentions BTCMTX as one of the “Top 5 Crypto to Buy in November,” adding that it has a 10X growth potential.
You can quickly buy BTCMTX tokens by connecting your wallet to the BTCMTX website and using the presale widget to obtain tokens by swapping your ETH, USDT, or BNB. If that doesn’t work for you, an option to buy using your bank card is also available.
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