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INJUSDT

Injective (INJ): A Top Performing CryptocurrencyInjective has been one of the top-performing cryptocurrencies this year. Let’s see what happens next! What is Injective? Injective is a blockchain designed for finance, powering DeFi applications such as decentralized spot and derivatives exchanges, prediction markets, and lending protocols. It offers core financial infrastructure primitives and a fully decentralized MEV-resistant on-chain orderbook. Its cross-chain bridging infrastructure is compatible with Ethereum and other blockchains. Injective uses the Cosmos SDK and a Tendermint-based Proof-of-Stake (POS) consensus mechanism, providing fast performance and transaction finality. It also provides a highly interoperable smart contract platform based on CosmWasm. INJ, its token, is used for protocol governance, dApp value capture, POS security, developer incentives, and staking. Injective’s Current Trend Injective (INJ) has been making waves in the cryptocurrency market, gaining 700% since the beginning of the year. INJ has stood out in the market due to its consistent upward trend, avoiding any significant periods of consolidation. Currently, it appears that INJ is pulling back to its support level of $5.00. This pullback will result in a 50% drop from its 2023 high. The $5.00 support level is expected to hold, and afterwards we may see INJ continue its uptrend towards the all-time high. For traders, one of the best aspects of INJ is its volatility. The daily candles of INJ are very large, which means that there is a lot of intraday volatility. This characteristic is a great advantage for day traders, as they can make quick returns. Conclusion: Injective has proven to be one of the top performing cryptocurrencies this year, offering consistent upward momentum and high intraday volatility. With its pullback to the $5.00 support level, traders should keep a close eye on the price action of INJ in the coming days.
by cryptohopper
INJUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for INJUSDT R2 and R1 on the top of this chart are our resistance areas that represent the disability of the price to rise. S1 used to be a resistance line. And we have S2 that is a long-term support area with its support of price at different points even since the past. As it is obvious, the price had a rejection at R1 and by falling below S2, it had a fluctuation there for a while and then at its last triumph, it was able to break S2 upward and reached R1. At the moment, we see the price had a noticeable rise and now it is fluctuating below R1 area. It is predicted to resume its decline down to S1 or even by rising a bit to our stop-loss point, a rejection would happen then. So by activation of our short position, a fall is expected for the price to lower amounts. Also, when S1 is lost, more fall is there for the price toward S2 area. You should check every detail and information before putting your trade orders and then wait for a proper time to have your next action. In case you are looking for wise trades and less risky ones, our suggestion will be following our regular updates all the time. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Have a great time
Short
by MarsSignals
✴️ Injective | Spoiler Alert, This Chart Reveals Everything!This is a very interesting chart, confirms everything I've been sharing about the Altcoins market and reveals what is coming next for those Altcoins that are yet to break up. Read below and notice the exact everything I already repeated a million times through hundreds of charts... Literally 1,000 charts/trade ideas published since late November 2022. 1) INJUSDT hit bottom June 2022. 2) December 2022 we have a higher low (variation can be double bottom or lower low, doesn't make any difference). 3) In January 2023 the bullish breakout starts. 4) Peak mid-February leads to correction. Correction ends mid-March. 5) The resumption of the initial bullish move leading to a higher high. Now, step #5 is what we are waiting for on literally hundreds and hundreds of pairs. This is the exact same chart all across Cryptocurrency including Bitcoin. This is the same chart as FETUSDT and STXUSDT that went ahead, there are many others but these are just two examples. The Altcoins that you are holding... The charts I've been sharing, big and small, will go through the same... What one does, the rest follows! Namaste.
by MasterAnanda
3
INJ/USDT Bullish Inverse Head & Shoulder Pattern #INJ/USDT Technical Analysis: As of now, the INJ/USDT pair is currently trading at $5.47, which is 15% up from our previous analysis. After examining the high-time frame chart, we can see an inverse head and shoulder pattern is forming. Recently, the pair broke out of the neck line resistance, which confirms the bullish trend. The resistance now becomes support for the price action. As per the inverse H&S pattern, the target is expected to be $9.08, offering potential gains to traders. To minimize the risk, a stop loss at $4.54 is suggested for this trade. It is also advisable to close the trade if the high-time frame candle closes below the neck line support. It is important to note that this is educational content, and not financial advice. Conducting your own research and analysis is highly recommended before making any investment decisions. Join our community for more trading insights and updates, and to stay up-to-date with the latest cryptocurrency market news.
Long
by CryptoPatel
10
$INJ/USDT 1D (#Bybit) Rising wedge on resistanceInjective Protocol is entering overbought territory and could retrace down to 100EMA support, after a last push up into supply zone. ⚡️⚡️ #INJ/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (2.2X) Amount: 4.9% Current Price: 7.0720 Entry Zone: 7.1290 - 8.0450 Take-Profit Targets: 1) 5.8905 2) 4.6130 3) 3.3355 Stop Targets: 1) 9.0065 Published By: @Zblaba CRYPTOCAP:INJ #INJUSDT #Injective #DeFi #Web3 injective.com Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +49.2% | +86.2% | +123.3% Possible Loss= -41.2% Estimated Gaintime= 1-2 months
Short
by TradingOn
3