Given a historically erratic bitcoin market, this positive view begs questions about whether injective is indeed speeding towards the moon or if this is merely a case of undue exuberance.<\/p>\n
Technical Twinkle: Hidden Bullish Divergence Fuels Optimism<\/strong><\/h2>\nMarks’ forecast relies on a technical indication sometimes referred to as “hidden bullish divergence.”<\/span> Layman’s language would highlight a possible discrepancy between the price of the asset and a technical estimate of its momentum. The momentum indicator could be suggesting an underlying bullish trend just ready to explode even if the price might be declining.<\/span>
\n<\/span><\/p>\nConsider it as a coiled spring: the signal indicates the spring is generating tension, so an upward surge could be expected even although the price may be compressing\u2014that is, slightly lowering. It’s called “hidden” because of this difference between price and momentum; the bullishness is present but it’s not as obvious as a simple price increase.<\/span>
\n<\/span><\/p>\n\n$INJ<\/a> (Injective)’s price looks to still be retesting the $21.6541377 target while holding a major Hidden Bull Divergence that can be indicating a continuation!<\/p>\nWith prices being above this target level, the next Logarithmic Target is at $380 and the Hidden Bull Divergence can be\u2026 https:\/\/t.co\/FAYVNtmJR9<\/a> pic.twitter.com\/QL96YNCToT<\/a><\/p>\n\u2014 JAVON\u26a1\ufe0fMARKS (@JavonTM1) June 24, 2024<\/a><\/p><\/blockquote>\nMarks points to a retest of the $21.65 price point as a vital indicator of this possible turnaround in INJ.<\/span> This level has before served as support; a good retest might be the launching pad for a major increase.
\n<\/span><\/p>\n![\"\"](\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/A_3536a8.png?resize=1024%2C621\")
<\/p>\n
DeFi Darling: Injective’s Allure In A Volatile Market<\/strong><\/h2>\nThe optimistic possibilities of injective go beyond mere technical cues. With its creative cross-chain derivatives protocol, the project has found a niche in the Decentralised Finance (DeFi) scene.<\/span>
\n<\/span><\/p>\nThis lets users trade derivatives\u2014financial contracts created from the value of underlying assets\u2014on several blockchains. This feature meets the increasing demand for advanced DeFi tools, hence maybe drawing a larger user base and increasing INJ’s worth.<\/p>\n![](\"https:\/\/www.tradingview.com\/x\/kTdtG7Ek\/\")
Injective market cap currently at $2.1 billion. Chart: TradingView<\/a><\/figcaption><\/figure>\nInvestor Insight: Soaring To $380 Or Crash Landing?<\/strong><\/h3>\nAlthough Marks’ study presents a positive image for INJ, it is crucial to keep in mind that the bitcoin market is by nature erratic. At $380, the price tag would show an amazing rise from its present level.<\/p>\n
\n<\/span><\/p>\n
Consider it as a coiled spring: the signal indicates the spring is generating tension, so an upward surge could be expected even although the price may be compressing\u2014that is, slightly lowering. It’s called “hidden” because of this difference between price and momentum; the bullishness is present but it’s not as obvious as a simple price increase.<\/span> $INJ<\/a> (Injective)’s price looks to still be retesting the $21.6541377 target while holding a major Hidden Bull Divergence that can be indicating a continuation!<\/p>\n With prices being above this target level, the next Logarithmic Target is at $380 and the Hidden Bull Divergence can be\u2026 https:\/\/t.co\/FAYVNtmJR9<\/a> pic.twitter.com\/QL96YNCToT<\/a><\/p>\n \u2014 JAVON\u26a1\ufe0fMARKS (@JavonTM1) June 24, 2024<\/a><\/p><\/blockquote>\n Marks points to a retest of the $21.65 price point as a vital indicator of this possible turnaround in INJ.<\/span> This level has before served as support; a good retest might be the launching pad for a major increase. The optimistic possibilities of injective go beyond mere technical cues. With its creative cross-chain derivatives protocol, the project has found a niche in the Decentralised Finance (DeFi) scene.<\/span> This lets users trade derivatives\u2014financial contracts created from the value of underlying assets\u2014on several blockchains. This feature meets the increasing demand for advanced DeFi tools, hence maybe drawing a larger user base and increasing INJ’s worth.<\/p>\n Although Marks’ study presents a positive image for INJ, it is crucial to keep in mind that the bitcoin market is by nature erratic. At $380, the price tag would show an amazing rise from its present level.<\/p>\n
\n<\/span><\/p>\n\n
\n<\/span><\/p>\n<\/p>\nDeFi Darling: Injective’s Allure In A Volatile Market<\/strong><\/h2>\n
\n<\/span><\/p>\nInvestor Insight: Soaring To $380 Or Crash Landing?<\/strong><\/h3>\n