đ $INJ /USDT Surges 8.99% â Injective Shows Strong Momentum! đ
Current Price: $22.80 (+8.99%)
24H High: $23.79
24H Low: $20.41
Injective (INJ) has gained significant traction in the market, displaying a sharp upward move with nearly 9% growth in the past 24 hours. The token is making strides toward breaking higher resistance levels with strong buyer interest.
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Market Highlights
đč Support Level: Immediate support lies around $22.50. A dip below could bring $22.00 into focus.
đč Resistance Level: $23.79 remains the critical barrier. A sustained move above this level may lead to a test of $25.00.
đč Volume Activity: With 1.50M INJ traded, the volume reflects growing confidence among market participants.
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Whatâs Next for INJ?
1ïžâŁ For Bulls:
A breakout above $23.79 could signal the next leg of upward momentum toward $25.00 or higher.
Buyers should maintain watch on volume to confirm the breakout.
2ïžâŁ For Bears:
Monitor for a rejection near $23.79, which could trigger a pullback toward $22.50 or $22.00.
A drop below $22.00 may signal a potential shift in sentiment.
3ïžâŁ Risk Management:
Set stop-loss levels near $22.50 to safeguard against unexpected reversals.
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Trading Strategy
For Breakout Traders: Buy above $23.79 for a potential run toward $25.00.
For Swing Traders: Enter near $22.50 support and aim for the $23.79 resistance level.
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Key Takeaway
Injective Protocol is showing resilience and bullish momentum as it targets higher levels. Keep an eye on the $23.79 resistance and volume strength for confirmation of continued upward movement.
đĄ #InjectiveProtocol #INJ #CryptoTrading #BinanceInsights
