#INJUSDT🔜 #inj #Futures_Signals #futureshort #short #trade
As of February 21, 2025, Injective (INJ) is trading at approximately $16.11.
Recent analyses indicate that INJ has been on a bullish trajectory since January, with prices increasing over 600% from $1.3 to $8. The key resistance level is identified at $10, with current support at $6. 
However, technical indicators suggest potential caution. The Relative Strength Index (RSI) is at 85.65, indicating overbought conditions, which could precede a price correction. Additionally, a bearish divergence in the RSI and a decrease in trading volume may signal a slowdown in bullish momentum. 
Given these factors, initiating a short position might be considered, but it’s essential to monitor key support levels closely. A break below the immediate support at $15.44 could lead to further declines. Conversely, a recovery above $19.88 with strong volume could signal a potential reversal. 
Please note that cryptocurrency markets are highly volatile. It’s crucial to conduct thorough research and consider your risk tolerance before making any trading decisions.