Injectable (INJ) price eyes A 40% increase between labor reversal?

With the increasing volatility in the cryptocurrency market, major indicators continue to hover close to their important support levels. Moreover, the price of the market leader Bitcoin successfully holds its price at the $60K mark, which indicates a high possibility of change.

On the other hand, the price of injectables successfully recovered and added significant value to their respective portfolios this week. With the ever-increasing bullishness for the altcoin, will INJ's price make a significant increase to the $50 mark in the coming months?

Injectable price has successfully tested the critical support level:

With a jump of more than 10% in the previous day and a trading volume of $96.060 million, INJ price successfully tested the crucial $15 support level. Additionally, it has risen nearly 28% this week alone, suggesting a positive outlook for the coming week.

With a trading price of $19.18 and 97,622,752 INJ tokens in circulation, Inject Crypto ranks 45th with a capitalization of $1.870 billion.

The Relative Strength Index (RSI) recorded a sharp rise from the oversold region, indicating increased buying sentiment in the crypto space. Moreover, the average shows bullish convergence in the 1D time frame.

In addition, the MACD indicator recorded a constant decline in the red histogram, the averages show a positive cross. This suggests that injectable prices will continue to appreciate in the future.

Does the price of INJ increase back up?

Let's say that the crypto market continues to trade under bullish influence, in which case the price of the injection will test the $21.35 resistance level. Keeping the price at that level sets up the INJ crypto platform to test the $28.25 high resistance level this month.

Conversely, if the bears beat the bulls, the needle will drop to the critical support level of $15 this month.