Injective / INJ analysis

By moonypto
Updated
The price of Injective is $2.28 today with a 24hour trading volume of 140 million dollar. This represents a 20% price increase in the last 24 hours and a 70% price increase in the past 30 days.
Injective is a blockchain built for finance. It is an open, interoperable layer1 blockchain powering next-gen DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols.
they had pretty busy week, first a mainnet upgrade then Astroport beta launched on Injective,they processed over 150M transactions and burned 5,639,832.45 total INJ too.
Inj bulls couldn't break 2.5 resistance but the daily candle still is green means bulls still got chance, for short term 2.5, 2.9 and 3.5$ are targets.
1.5$ is a dip level for Inj and good opportunity for investors

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we hit our first and second targets
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we hit all targets ✅
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we broke 3.6 level and here we are now
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4x since we published the first chart
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trying to hit 6.9
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we hit our target
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we will back to 6.5$
Trade closed: target reached
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Injective has recently become one of the major blockchains that integrate natively with the Binance Pay platform. This integration is significant as it allows the Injective ecosystem to connect with Binance Pay’s extensive network of users and merchants. Users can now easily send, receive, and spend INJ for everyday transactions and payments.
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