Crypto enthusiasts have been placed in a state of anticipation following the latest Injective (INJ) review by popular crypto analyst Javon Marks. In a recent post on X, Marks highlighted that INJ is now retesting the $21.65 price point. A target is considered a crucial level that determines the further direction of the asset’s development.
According to Marks, the moving average level could be associated with Hidden Bull Divergence, an important technical level that identifies potential changes in market trends. Marks further notes that the disparity could be an indication that INJ may be preparing for a big move upwards. At the moment since prices are above this target level then the next logarithmic target is at $380 as stated by Marks that the hidden bullish divergence could start a monstrous rally towards this lofty price level.
Injective’s Bullish Potential Amid Market Volatility
The interpretation from Marks is useful at this time when the crypto market has become even more volatile and investors are focused on determining critical levels of support and resistance in leading creation. The $21.65 target specified by Marks is quite important because this level has served as support in the past, and its successful retest may open the door to further upward movement.
Injective has been on the rise in crypto because of its DeFi proposition and the highly developed system that fosters cross-chain derivatives. This increased attention and the technical factors that Marks pointed out go a long way in enhancing the bulls feeling among investors and traders.
Somehow, analyst’s prediction of a possible expectation of getting to $380 is not impossible. Cryptocurrencies are noted for highly volatile and sometimes even explosive price fluctuations, induced by short-term trends and long-term breakthroughs, as well as global economic conditions. In other words, if INJ continues to move upwards and sustains above the existing resistance levels, the possibility of achieving the logarithmic target depicted by Marks may not be distant.
This makes Javon Marks’ analysis of Injective rather convincing in its bullish take on the project. Thus, due to the Hidden Bull Divergence signal and the asset being above a specific price level, there is a high chance of a sharp price increase for INJ. As in any decision-making process, potential investors are encouraged to assess different factors and do their homework.