$INJ /USD Market Update: Bullish Momentum at $25.38

Current Price: $25.38

24H Change: +2.15%

Injective Protocol ($INJ

) is showing strong bullish momentum, trading near the $25.38 level. The market sentiment remains optimistic, with key levels poised for potential breakout or consolidation.

Key Levels to Watch

Resistance:

$26.00 – Immediate resistance; a breakthrough could fuel further upward movement.

$27.50 – Key resistance level; surpassing this would strengthen the bullish case.

Support:

$24.00 – Immediate support; a solid defense of this level will maintain the bullish trend.

$23.00 – Stronger support; a breach below could signal a correction or a shift in momentum.

Trade Setup

Bullish Scenario: If $INJ/USD breaks above $26.00, targets of $27.50 and potentially $30.00 could be reached in the near term.

Bearish Scenario: A slip below $24.00 may trigger downside pressure, with support at $23.00 as the next key level.

Monitor volume closely for confirmation of momentum. A breakout above $26.00 would signal strength, while a decline beneath $24.00 could suggest a retracement.

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