🚀 $INJ /USDT Soars to $25.80 – A Stellar +12.37% Surge!
Injective Protocol ($INJ ) is on a bullish trajectory, currently trading at $25.80, marking an impressive +12.37% increase in the last 24 hours. The token peaked at $26.39, with a daily low of $22.67, reflecting robust buying activity. With a trading volume of 1.91M $INJ and $47.78M USDT, the market enthusiasm around INJ is undeniable.
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📊 Key Levels to Watch
Resistance Levels:
$26.39: Current ceiling; a breakout could push prices higher.
$26.58: A critical milestone for bullish confirmation.
Support Levels:
$25.21: Immediate support zone for retracement.
$23.85: Strong base in case of bearish corrections.
$22.67: A key floor to hold long-term momentum.
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💡 Trading Insights
1. Breakout Potential: Watch for a clean break above $26.39 with strong volume to confirm further upward movement.
2. Short-term Strategy: Consider entering near $25.80, targeting $26.39, with a stop-loss at $25.21.
3. Long-term View: INJ’s Layer 1 scalability and DeFi focus position it as a promising asset for future growth.
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📈 Market Sentiment
Layer 1 Strength: INJ continues to shine as a top performer in the Layer 1 space.
Community Support: Strong community backing and active development make it a favorite among DeFi enthusiasts.
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