Why is the price rising now?
• The price has broken above the moving averages EMA(50) and EMA(100), signaling a positive trend shift.
• Stability above 12.50$ enhances the likelihood of targeting the previous peak at $15.44
• Institutional activity on Injective is increasing in tandem with the expansion of the Cosmos system and greater interest in high-efficiency DeFi protocols.
$INJ
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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) positively crosses EMA(50) = Confirmation of upward momentum
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📌 Overall Outlook:
The INJ token is regaining its shine amid a wave of interest in scalable blockchain and advanced DeFi.
The price reflects improved market confidence in the project, and Injective's success in providing a practical alternative to centralized trading.
