Injective (INJ) Forms Strategic Alliance with the Artificial Superintelligence Alliance (ASI) to Activate Interoperability Rails

Injective (INJ) recently partnered with the Artificial Superintelligence Alliance (ASI) to activate interoperability rails. This has marked a significant

Injective (INJ) recently integrated artificial intelligence (AI) into its ecosystem through a partnership with the Artificial Superintelligence Alliance (ASI). This move has sparked discussions and speculations about the potential price appreciation for INJ crypto.

As the INJ price faced a boost from election optimism and Bitcoin (BTC) rallying to new all-time highs (ATH), it continued to impress the community. Several analysts have presented bullish theories, with some predicting a bullish flag pattern breakout, drawing attention to Injective’s potential for further upside.

The recent week's rise from a $15 demand block manifested 40% returns at the time of writing. Currently trading at $22.748, the INJ price appeared poised to reach higher targets. Also, a mid-term price forecast of $66 represented a potential 3x gain.

Given these developments, the question remains whether the Injective price can achieve these projected returns in the upcoming sessions.

Why Did Injective and ASI Form a Strategic Alliance?

This partnership aimed to develop artificial superintelligence (ASI) and decentralized artificial general intelligence (AGI) within Injective’s ecosystem. Aligned with Injective’s architecture, the ASI Alliance sought to promote the adoption of AGI and ASI in decentralized applications (dApps) and decentralized finance (DeFi).

PricewaterhouseCoopers (PwC) predicted that artificial intelligence will contribute over $15 Trillion to the global economy by 2030. This could increase local gross domestic products (GDPs) by 26%. Injective is positioned to be a key player by leveraging AI to enhance efficiency as AI reshapes various industries.

For Injective users, this integration offered new opportunities to interact with the native Fetch.ai (FET) token through dApps like Helix. Access to the FET token allowed users to tap into autonomous agent features and AI-driven tools, bridging AI with DeFi.

Introducing these AI tools empowered developers to create innovative, AI-optimized strategies. These AI tools also helped to improve existing products on the Injective platform, fostering a culture of innovation.

As Pattern's Breakout Occurs, An Analyst Wants To Basket $100 for Injective

Crypto analyst Captain Faibik identified a bullish flag pattern breakout for the Injective price, which suggested further upside potential.

$INJ Bullish Flag Upside Breakout ✅Midterm Target : 66$#Crypto #INJ #Injective pic.twitter.com/pUMrvZ8gL8

The INJ price was breaking out of a descending channel at press time. That typically signaled a reversal from a downtrend to an uptrend. This breakout in momentum could lead to a significant rally if it holds. Faibik believed a mid-term price target of $66 is reasonable.

A breakout within a larger bullish flag pattern often indicated accumulation before a more substantial move. As Injective moved beyond established support, it suggested that buyers were stepping in, pushing the price closer to the $66 target in the coming weeks or months.

Another analyst, Aqua, noted a bullish development in the Injective price. It broke above the 200-day moving average for the first time since April. An upward move above a significant technical level often signaled a trend reversal, suggesting it’s time to prepare for bullish momentum.

$INJ$INJ is getting above 200MA for the first time since April.$INJ is gonna send hard soon, I can see it going above 100$ in the next coming months.One of the best charts in crypto.#INJ #Injective https://t.co/tEj3FYJFGo pic.twitter.com/7ticruiSat

Aqua saw strong potential for Injective, describing its chart as one of the best in crypto. Based on his Injective price prediction, the price could surge above $100 in a few months.

Bullish Momentum Pointed By Technical Indicators On Daily Chart Of INJ Price

The INJ price was trading at $22.74, up 5.55% today. It approached a key resistance level at $34.11, suggesting a potential for a significant rise. A close above $22 could add momentum to its upward trajectory, targeting higher levels in the coming weeks.

The Chaikin Money Flow (CMF) was at 0.19, indicating strong buying pressure and net capital inflow. It suggested that traders were positioning themselves before further price increases.

The Awesome Oscillator (AO) was at 0.404, with its histogram showing growing green bars. This indicated increasing bullish momentum. The rising AO supported the potential rally toward the $34.11 resistance level.

Additionally, the Relative Strength Index (RSI) was 62.56, above the median line, showcasing bullish momentum. The Moving Average Convergence Divergence (MACD) has shown a bullish crossover. Its histogram has reached