🚀🚀💎$INJ regains calmly $5.80 - A DeFi giant awakens🎯💯
$INJ shows resilience, climbing to $5.80 (+3.02%). The market is slowly beginning to realize that it is the backbone of institutional DeFi infrastructure. While meme coins grab the headlines, Injective is building the rails for the future of finance.
The volume is healthy at $77 million, indicating organic interest. Storage activity in Injective Hub is on the rise, effectively leading to a supply lock. The order book depth is increasing, suggesting that market makers are confident in the recovery.
Support is now established at $5.58, with resistance at $5.91. A break above $6.00 will confirm a trend reversal.
Is Injective currently the most undervalued L1?
INJUSDT
Perp
6.07
+0.36%