📊🚀 Injective Protocol Currency Analysis – $INJ
Current Price: 12.99 USDT
Growth Over 24 Hours: +9.06%
Growth Over 30 Days: +17.52%
📈 Indicator of regaining momentum after a correction period!
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🔍 What is the Injective Project?
Injective is a decentralized trading protocol (DEX) built on the blockchain, fully managed by INJ token holders without any central entity.
It supports trading of perpetual contracts, stocks, and cryptocurrencies on the Injective Chain network, which relies on EVM technologies and a dual bridge with Ethereum.
✅ Backed by huge names: Binance – Pantera – Hashed
✅ Officially launched in 2020 via an initial public offering
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🧠 Why is the price rising now?
• The price has broken above the EMA(50) and EMA(100) moving averages, indicating a positive shift in trend.
• Price stability above $12.50 enhances the likelihood of targeting the previous peak at $15.44
• Institutional activity on Injective is rising in tandem with the expansion of the Cosmos network and increased interest in high-efficiency DeFi protocols.
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🎯 Key Technical Levels:
• Support: 11.85 – 12.20
• Resistance: 13.60 then 15.44
• Short-term pivot point: 13.00
• EMA(7) crosses positively with EMA(50) = Confirmation of bullish momentum
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📌 Overall Outlook:
INJ token is regaining its shine amid a wave of interest in scalable blockchain and evolving DeFi.
The price reflects improved market confidence in the project and Injective's success in providing a practical alternative to centralized trading.
#INJ #Injective #Crypto_Analysis #DeFi #Blockchain
