Injective Price Fights for Trendline Reversal Amid Bullish Momentum

Injective (INJ) has been performing well in recent market trends, but its short-term direction depends on reclaiming a key technical trendline.

At the time of writing, INJ is trading at $4.92 with a 24-hour trading volume of $82.37 million and a market capitalization of $492.19 million.

According to CoinCodex, Injective (INJ) is projected to post modest gains over the next 30 days as market sentiment gradually improves.

The forecasting platform expects the cryptocurrency to climb to $5.41, representing an 11.80% increase from its current price and signaling the potential for renewed bullish momentum in the near term.

However, if the token fails to reclaim the broken trendline, it is expected to fall further towards the price level of $4.