- Crypto trader predicts Injective (INJ) will reach his $50 target soon.
- INJ has rallied 500% since Mags’ initial prediction in May.
- Injective’s INJ set a new ATH during the current rally that is nearly twice the previous ATH.
A cryptocurrency trader and analyst identified as Mags on X (formerly Twitter) has predicted that the price for INJ, Injective’s native crypto, will reach the $50 mark soon. Mags supported his prediction with a screenshot of a chart analysis he made long before the recent rally began.
$INJ is unstoppable! Up +500% on Spot.$50 soon https://t.co/eCk5iJogHD pic.twitter.com/JSvlOrdXxr
— Mags (@thescalpingpro) December 20, 2023
Mags’ initial prediction was on May 28, when INJ’s price attempted to break above a downward trendline. As of then, he posted the chart, using a curved arrow to show that INJ, which traded at $6.808, would break above the trendline and head towards $14, with a lower resistance at $11.697.
The recent post by Mags showed that INJ surpassed the initially targeted $14 region and tested it multiple times before converting the level to significant support. After bouncing off the $14 support, INJ experienced an…
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