$INJ /USDT Showing Strong Upward Momentum After Testing Lows
Hey everyone,
Let's take a look at the $INJ /USDT chart! The current price of Injective Protocol is at $9.94, showing a significant increase of +4.19% recently.
Looking at the last 24 hours, INJ ranged from a Low of $9.16 to a High of $9.97. The 24h Volume is substantial at 967,801.42 INJ, which is equivalent to 9.27M in USDT, indicating strong trading activity.
The chart clearly shows a strong bullish move after testing the $9.16 low. We can see a series of strong green candles pushing the price towards the 24-hour high. This suggests significant buying interest and upward momentum.
Traders will be closely watching if INJ can break above the $9.97 resistance. If it does, we might see a push towards the $10.00 psychological level and beyond. On the downside, the $9.16 level now acts as a key support.
Key points to observe:
Resistance: The 24-hour high of $9.97 is the immediate resistance to watch. Breaking this could open the way for further gains.
Support: The 24-hour low of $9.16 is the key support level.
Momentum: The current momentum is strongly bullish.
What are your thoughts on Injective Protocol's current surge? Do you believe it will break the recent high and reach $10.00, or will we see some consolidation or pullback? Share your analysis!
