Injective’s token grew by 245% in three months

The Crypto Dog, a well-known crypto strategist, believes that the Ethereum-based altcoin ETH $2,111.27 Bridged Ether (StarkGate) -1.45% Market capitalization $37.56 million VOL. 24 hours $0.7 billion will very quickly surpass the flagship crypto asset BTC $77,248.31 Mezo Wrapped BTC -0.84% Market capitalization $76 million VOL. 24 hours $1.24 billion .

The analyst informs his 750,500 followers on the X platform that the decentralized exchange protocol Injective (INJ) looks bullish on the INJ/BTC chart.

Looking at his chart, the trader assumes that INJ/BTC may soon turn a key resistance level into support. It is noteworthy that the crypto asset has not been able to do this before.

on October 16, INJ/BTC closed at 0.2 737 BTC ($ 7.80), and now it costs 0.9 446 BTC ($ 40.75). Thus, INJ has grown by about 245%.

The Crypto Dog notes that Injective is on the verge of a breakout after a period of consolidation in the range of $ 30 to $ 40:

«INJ looks like another winner this week. The consolidation here is taking longer than expected, but it’s only a matter of time.»

The trader added that the Chiliz token (CHZ) will also soon experience a trend reversal: «I have taken a position on CHZ. It looks like it’s ready to break this two-year downtrend, and if it does, there are big profits to be made. A strong project, unique fundamentals, I have always been a fan of it. He was one of the first to combine the real world with cryptocurrency.»