INJ / TetherUSLong
Will The INJ Token Burning Push The Price Beyond $50?
Injective protocol has a market cap of $2.7 Billion and is ranked 47th in the cryptoverse. The volume of the asset price has seen a surge of 116% while the VM ratio of asset remains near 0.02. INJ is currently trading near $29 with a gain of 12% in the intraday session.
INJ token price is currently forming strong bullish candles on the daily chart. It is currently trading above the 50 and 100 EMA. The upside trend of INJ can see a halt near $40. Meanwhile, the support of the asset price can be seen near $20. The correlation of BTC and INJ has also surged and reached 0.72.
The RSI of the INJ is currently near 64 with a positive slope in it. The overall sentiment of the indicator is bearish in nature.
INJ token price is currently forming strong bullish candles on the daily chart. It is currently trading above the 50 and 100 EMA. The upside trend of INJ can see a halt near $40. Meanwhile, the support of the asset price can be seen near $20. The correlation of BTC and INJ has also surged and reached 0.72.
The RSI of the INJ is currently near 64 with a positive slope in it. The overall sentiment of the indicator is bearish in nature.
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