INJ (Injective) 24-Hour Price Outlook 📉📈
INJ/USDT closed flat at 8.36,tradingwithinanarrow0.368.36,tradingwithinanarrow0.368.34–8.37). Key moving averages highlight critical zones:
🛑 Support: 8.33(MA7)and8.33(MA7)and8.29 (MA20).
🚀 Resistance: $8.37–8.40 (recent high + psychological level).
Money flow surged 27.18% over 2 hours, signaling short-term bullish momentum. However, small traders drove significant selling pressure with 99.72K INJ outflows. Large and medium orders countered this with 4.42K INJ net accumulation, suggesting institutional interest.
📊 Volume remains subdued, with 24-hour activity ranging from 5.21Kto5.21Kto19.24MK. Order books show dominance of buy orders near 8.33–8.35,butresistanceat8.33–8.35,butresistanceat8.37–8.40 remains strong.
Prediction: With MA7 (8.33)holdingassupportand2−hourinflowssupportingupsidemomentum,INJispositionedtotest8.33)holdingassupportand2−hourinflowssupportingupsidemomentum,INJispositionedtotest8.45–8.50 within 24 hours. A decisive break above $8.40 confirms bullish acceleration.
⚠️ Watch Bitcoin’s price action for directional cues. A BTC rally could amplify gains, while failure to hold 8.33risksapullbackto8.33risksapullbackto8.25.
Action: Accumulate near 8.33–8.35foraswingtoward8.33–8.35foraswingtoward8.50. Place stops below $8.29 to manage downside risks.
