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- Pin
Injective price is on a recovery rally after a 21% climb from the $6.500 support floor.
INJ could rise 6% to clear the August highs of $8.270 by clearing the 50% Fibonacci Retracement.
A 3-day candlestick close below $6.853 level would invalidate the bullish outlook.
Injective (INJ) price is looking to clear the August highs as it nurtures a recovery rally from the dip that started mid-July. Riding on the back of the notion that “October has historically been a good month for trading,” the broader market is showing signs of a recovery led by Bitcoin (BTC), but investors should be cautious because this could just prove to be a bull trap in disguise.
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