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Home > Information news > Injective (INJ) and PEPE Show Promising Upsides Amid Market Trends

Injective (INJ) and PEPE Show Promising Upsides Amid Market Trends

Release: 2024/07/20 16:03 Reading: 681

Original author：CryptoTale

Original source：https://coinmarketcap.com/community/articles/669b609982da620e478fb810

Injective (INJ) and PEPE Show Promising Upsides Amid Market Trends

Significant Movements in the Crypto Market: INJ and PEPE Indicate Bullish Trends

Renowned crypto analysts have identified notable patterns in the Injective (INJ) and PEPE markets, indicating potential bullish trends.

Injective (INJ)

Analyst Faibik has confirmed a bullish breakout for INJ, indicating a potential rally of over 200% in the medium term. The falling wedge pattern on INJ's daily chart has completed its breakout, confirming the upward momentum.

Data from CoinGlass supports this bullish outlook. The futures Open Interest (OI) for INJ has surged from $73.59 million to $98.97 million, suggesting an influx of capital and increased buying activity.

PEPE

PEPE has reclaimed a key support level at $0.00001100, positioning it for a potential upward trend. This support level was previously broken on July 13, but PEPE has since recovered and is now poised for a reversal.

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