according to materials from the website - By CoinCryptoNewz
The cryptocurrency market is buzzing with excitement as Injective ($INJ), a leading blockchain in decentralized finance (DeFi), shows signs of potential significant growth.
Recent analysis from CryptoBusy (@CryptoBusy) on X indicates a convincing bullish divergence on both the relative strength index (RSI) and the convergence and divergence of moving averages (MACD), suggesting a possible trend reversal.
Charts published on July 20, 2025, show higher momentum lows since mid-2022, despite lower price lows being maintained in 2025. This divergence, a phenomenon confirmed by a 2016 study from the Journal of Financial Economics linking it to price reversals of 15-20% in volatile markets, indicates a weakening of selling pressure. The rising MACD histogram and potential bullish crossover further affirm this optimistic outlook—a signal that traders often associate with significant trend changes.
The fundamental indicators for Injective are also promising. Recently, the project rose by 15% after launching the EVM testnet and forming the Injective Council, which includes heavyweights like Google Cloud and Deutsche Telekom, as reported on July 13, 2025. With over 1 billion processed transactions and a ranking on CoinMarketCap, the Injective ecosystem is gaining popularity. A $150 million ecosystem initiative backed by Pantera Capital and Jump Crypto underscores its commitment to scalable DeFi solutions.
However, caution is warranted. An RSI approaching 80 indicates an overbought condition, hinting at a possible short-term correction, which is supported by blockchain.news amid rising market euphoria. The current price of $13.48, combined with a 24-hour trading volume of $141 million, reflects both opportunities and volatility.
For investors holding the price above $13.0, growth levels can be targeted, but a price drop may catch those who arrived later off guard. As the story of Injective gains momentum, this technical structure combined with strong fundamental indicators makes it a cryptocurrency worth noting. Stay tuned for real-time updates as the market unfolds this potential breakthrough.
#MarketRebound , #Сryptomarketnews
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