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INJUSD Futures Contract (Perpetual)INJUSD Futures Contract (Perpetual)INJUSD Futures Contract (Perpetual)

INJUSD Futures Contract (Perpetual)

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Indicators Aspects In Injective (INJ)What Does Injective (INJ) Price Structure Show? The Injective Protocol, after testing the $45 resistance multiple times, surpassed and reached $52.50 by mid-March 2024, from the major demand zone of $7.0, which generated more than 650% gains. However, the INJ price deteriorated, due to instability faced by the bulls in the ascent and established a lower low by mid-April, and retested the $20 support level. Thereon, the price tried several times to uplift again but got trapped in the $20-$30 price range for more than 100 days and then fell by piercing the $20 range's lower boundary. The price fall in Injective (INJ) formed support on the crucial demand zone at $15 by August 5th. The horizontal of support at $15 pushed the price of INJ this week higher by nearly 40% and it has traded at $18.673, with an intraday rise of 1%. At press time, the INJ has been obstructed near the $20 mark, and dynamic hurdles coincidingly loom, too. The Indicators have displayed optimism, as RSI has resurged from an extremely oversold region and has pierced 14-SMA lines from below. RSI's trajectory signified that its price movement showed positivity, which could take RSI soon above the median line and headed for the overbought region. Moreover, the MACD has shown both line convergence and a bullish cross has been anticipated next; the histogram highlights diminished bear strength and rising bull strength, where the histogram was at negative 0.006. Therefore, INJ's near-time targets would be around $31.2, and $34, respectively. However, failing to sustain above $15 could open the back door, and the pressure from bears could lead to lower supports at $12 and $8, respectively.
COINBASE:INJUSDLong
by Yash_Jain_1309
2
Injective (INJ) CryptoInjective (INJ) Crypto Injective (INJ) is a financial-focused blockchain. It serves as a foundational layer for a variety of DeFi applications, such as decentralized exchanges for spot and derivatives trading, prediction markets, and lending platforms. It has a live market capitalization of $1.78 Billion and ranks 45th in the cryptoverse. The transaction volume has surged to $206 million a day. out of 100 Million total supply, 93.40 Million INJ tokens are presently in circulation. The daily INJ/USD chart highlights that Injective crypto price has been in a long term downtrend and has since mid June after the bulls failed to reclaim a bullish territory above the 200 day Exponential moving average. Currently, the crypto has made a breakdown of the short term consolidation near the $20 level indicating a bearish continuation on the charts.
CRYPTO:INJUSDShort
by Ritika_TCR
need of a major liquidity pumpThe Injective Protocol, after testing the $45 resistance multiple times, surpassed and reached $52.50 by mid-March 2024, from the major demand zone at $7.5, which generated nearly 650% gains from bottom to top in INJ crypto price. The price deteriorated and built a lower low by mid-April, and has been retesting the major support at $20 in order to rise and capture the lost territories back. Moreover, this week's price jumped 11.23% from $20 critical support and is trying to skyrocket. Despite the loss of more than 50% gains from the peak, the INJ ranked 42 on CoinMarketCap and has a considerable trading volume of more than $100 Million. The INJ market looks to be in need of a major liquidity pump so that the price could rise; its current liquidity ratio appeared to be moderate. At press time, the INJ traded at $23.05 with an intraday loss of -0.65%. The market looks primed for a rise in the coming sessions from the critical support. The near-time targets would be around $31, and $34, respectively. However, failing to sustain above $20 could open the back door, and the pressure from bears could lead to lower supports at $15 and $12, respectively. The indicators are bullish, as MACD forms a bullish cross, and RSI flashed at 46.88.
COINBASE:INJUSDLong
by Yash_Jain_1309
If Price manages to successfully reboundThe Injective protocol has experienced a significant price movement. Starting from a demand level of $7.5 in Oct 2023, it saw a substantial rally, eventually reaching $52.50 by March 12th, after breaking through the resistance level of $45 (a barrier tested three times previously). However, the peak at $52.50 proved to be unsustainable, and the price began to decline on March 13th, establishing a new support level at $20 by April 13th. Meanwhile, Attempts to recover were thwarted repeatedly by the dynamic resistance posed by the 50-day and 200-day EMAs. In the most recent week, the price suffered a -22% setback, retreating once again to the $20 support level. The bearish outlook is further underscored by the MACD, which displays a bearish crossover with a histogram value of -0.876, while the RSI indicator is at 35.87, suggesting a bearish momentum. INJ Price Forecast! At press time, the INJ traded at $20.761 with an intraday gain of 1.56%. Case 1 - If Price manages to successfully rebound from the current level and beats dynamic resistance in the process, the nearest targets would be then $30.0 and $36.0. Case 2- If the price is unable to manage the current support level, then it could reach the $15.0 and $10.0 marks.
COINBASE:INJUSDLong
by Yash_Jain_1309
Injective (INJ)Injective (INJ) Injective Protocol stands out by offering robust foundational financial primitives that applications can utilize. It includes an on-chain order book that is fully decentralized and resistant to Miner Extractable Value (MEV). Moreover, it supports a comprehensive range of financial markets spot trading, perpetual contracts, futures, and options all operating entirely on-chain. The protocol's decentralized bridging infrastructure facilitates cross-chain interactions, ensuring compatibility with Ethereum, blockchains enabled by the Inter-Blockchain Communication (IBC) protocol, and even non-Ethereum Virtual Machine (EVM) chains like Solana. It makes Injective a versatile platform for various financial transactions in the blockchain space. Injective claims the third largest AI cryptocurrency with a live market capitalization of $2.48 Billion ranking at 40th among all. Despite being down nearly 47.62% from it's All time high of $52.75, injective has bagged 349% return over the last 1 year. At the time of writing, the crypto was trading close to $26.59 recording a 7.68% drop in intraday. Out of a 100 million total supply, 93.40 Million INJ tokens are currently in circulation.
COINBASE:INJUSD
by Ritika_TCR
1
$INJ Injective looking bullishAs per price action, the price is more likely to increase. CRYPTOCAP:INJ also showed strength when BTC and the broader market corrected. Disclaimer: This chart and analysis are for informational purposes only and do not constitute financial, investment, or trading advice. The content is based on my interpretation of technical analysis and is intended for educational purposes. Trading and investing involve substantial risk of loss and are not suitable for every investor. Past performance is not indicative of future results. Always do your research and consult with a financial professional before making any investment decisions. I am not responsible for trading decisions, damages, or losses from using this information.
COINBASE:INJUSDLong
by MyTradingBible
1
INJ is currently trading The price of Injective token began to show a bullish trend in October 2023, rising from $7.75 and forming a pattern of higher highs and higher lows. This upward movement continued until it reached a resistance level of $52.10 on March 12th. During its upward movement, INJ encountered resistance at $44, making three unsuccessful attempts to break through before finally surpassing this level and reaching $52.10. Despite this achievement, the price was unable to sustain its peak and gradually declined. By mid-May 2024, INJ had established a new support level at $21.0. Currently, there are indications of a potential recovery for INJ, with the downward momentum ceasing and bullish sentiment emerging to establish an upward trendline. Additionally, the Injective (INJ) token has shown signs of a forthcoming rise. Although the EMA (50-day and 200-day) indicate a bearish trend, the MACD indicator shows a bullish crossover, with the histogram expanding at 0.168. The RSI stands at 56.09, recovering from near-oversold conditions. INJ is currently trading at $26.65, having experienced a slight 0.47% dip in the last 24 hours. The market sentiment remains positive, and if investor interest persists, the price may rebound from its current level. The next targets for INJ are $31.2 followed by $36.0. However, failing to hold above the $22.10 support could lead to further price declines.
COINBASE:INJUSDLong
by Yash_Jain_1309
1
INJ/USDInjective token exhibited a bullish trend starting from October 2023, with its price climbing from $7.75 and forming a series of higher highs and lows. This upward trajectory continued until it encountered a supply level at $52.10 on March 12th. During its rise, INJ faced resistance at $44, where it made three unsuccessful attempts to break through. However, on the fourth try, it successfully surpassed this level, reaching $52.10. Despite this achievement, the price could not maintain its peak as selling pressure intensified, leading to a gradual decline. By mid-May 2024, INJ had established a new support level at $21.0. Presently, there are indications of a potential recovery for INJ, as the downward momentum has ceased and bullish sentiment seems to be resurfacing, aiming to establish an upward trendline. Concurrently, the Injective (INJ) token has also showed signs of an impending rise. Despite bearish EMA, the MACD indicator suggests a bullish crossover, with its histogram expanding to 0.187. The RSI was at 49.06, recovering from near-oversold conditions. Currently, INJ is trading at $25.34, after experiencing a slight dip of 1.59% in the last 24 hours. The market sentiment remains positive, and if investor interest continues, the price may rebound from its current level. The next targets for INJ are $31.0 followed by $35.0. However, if Injective cannot hold above the $22.0 support, there is a possibility of further price declines.
COINBASE:INJUSD
by Yash_Jain_1309
1
Injective price gains 11.4%: Is the Correction Period Over? Injective price gains 11.4%: Is the Correction Period Over? Injective price soared by 11.4% in a week, breaking through the trendline resistance. The positive shift in price DAA divergence signals a boost in market sentiment. Injective crypto has recently seen a notable increase, climbing more than 11.40% in the past week. The price rebounded from the support level around $21.5 and approached the $28 mark, surpassing the trendline resistance. At the time of writing, the crypto was exchanging hands close to $26.22 reporting a negative intraday development of 3.64%. Nevertheless, there's a positive change in the price DAA divergence, suggesting a more optimistic outlook among investors. Price DAA Indicator Reveals a Positive Divergence Being Built Up. The DAA metric represents the unique number of addresses involved in transactions for a specific asset within a single day. Each address is accounted for once daily, irrespective of the number of transactions it engages in. This count includes both the senders and recipients of the asset. The price DAA is a commonly utilized metric to gauge divergence between the asset's price and the daily active addresses. An increasing divergence typically suggests that the trend is moving in favor of the side with the divergence. Recent data from the financial analytics website app.santiment.net has shown a positive trend in the price DAA metric. This uptrend in divergence is indicative of a more favorable sentiment in the market. Is INJ Crypto Poised For A Bull Run? The daily chart reveals a breakout above trendline resistance, hinting the initial signal towards the conclusion of the correction period. Moreover, For a bullish confirmation, it's crucial for the price to maintain on the higher side, potentially leading to the creation of a higher low pattern. On the higher side, surpassing the $30 mark could signal a shift in trend, setting the stage for the cryptocurrency to ascend towards the $40 and $50 thresholds. Conversely, a close below $25 could negate the likelihood of such a trend reversal. Conclusion. Injective (INJ) price has rallied over 11.40% this week, bouncing from $21.5 to near $28, and now trades around $26.22. Despite a slight intraday loss, the positive price DAA divergence points to investor optimism. Moreover, the daily chart shows a trendline breakout, hinting at an end to the correction. Now, if the crypto price holds above and break $30, it could lead to higher levels of $40 and $50. However, falling below $25 may dismiss the potential for a trend change.
COINBASE:INJUSDLong
by Ritika_TCR
bears were unable to break the $22.0 supportThe INJ token price reached its highest price point at $52.50 in March of this year based on the daily chart. Then it plunged into a significant bear market after falling more than 58% from its peak upto April 13, 2024, and has since been in a consolidation phase and has been showing resilience at $22.0 support level. At the same time, the Relative Strength Index has created a downward-sloping channel. The critical point is that the Exponential Moving Averages of 200 days and 50 days are approaching a death cross. This has been seen as, typically one of the most pessimistic chart patterns in the money based market’s. Nonetheless, the latest price pattern reveals that bears were unable to break the $22.0 support level from the previous month, with the current trading price at $25.199, indicating a decrease of -1.57%. Hence, an increase in price could potentially result in it reaching $30.0 and $35.0. But if the price drops below $22.0, it may continue to decrease to reach even lower price points.
COINBASE:INJUSDLong
by Yash_Jain_1309