Injective (INJUSD) Price Forecast: December 22
INJUSD at the moment is trying hard not to fall by resisting sellers. The crypto is currently trading and remains in a strong bullish trend close to the upper resistance level. In case the bulls’ pressure breaks up the current resistance level at $43.359, the coin price may further increase to a $45.000 upper resistance level resulting in higher gains for the coin holders.
Key Levels:
Resistance Levels: $40.000, $41.000, $42.000
Support Levels: $25.000, $24.000, $23.000
INJ (USD) Long-term Trend: Bullish (Daily Chart)
From the chart below we can be assured that INJUSD price remains in a strong bullish trend in its long-term view. The coin price is trading above the EMA-50 approaching the overhead resistance with huge volumes from the bulls. 
The bulls’ pressure on the crypto in the past few days to the $37.268 high level has sustained its bullishness in its recent high.
The Injective price breakout at the $43.359 resistance value above the EMA-50 as the daily chart opens today indicates the high buying impact from the bulls resulting in intraday gains. This, however, may give the buy traders the motive to influence the price tendency.
Therefore, if the bulls increase their tension in the market, as the price remains in a strong bullish trend, the price tendency will move above the key levels.
Additionally, further upsides are certain as indicated by the price indicator pointing upwards, this means that a further rise in the market value of INJUSD is certain and this may reach a $45.000 upper resistance level soon as the crypto price remains in a strong bullish trend in its long-term perspective.
INJ (USD) Medium-term Trend: Bullish (4H Chart)
The market value of Injective in the medium-term time frame can also be seen in a strong bullish trend above the EMA-50. This means that the market is in a bullish trend zone.
The price reversal at the $38.625 resistance level above the EMA-50 in the past few hours has made it easier for the crypto price to remain strong above the supply levels in recent times.
The smooth increase to the $43.056 supply value above the moving averages moving closer to the upper resistance level as the 4-hour chart opens today affirms that the coin is in a strong bullish trend.
Notably, the price of INJUSD suggests an uptrend on the daily signal by pointing upwards. As a result, an upside breakout above the $43.359 level with a 4-hourly candle closing will provide buyers with a strong foothold to push the crypto price higher soon as it remains in a strong bullish trend in its medium-term forecast.
Buy Injective on Longhorn
Leave a Reply