### Injective Protocol Flashes Buy Signal on Daily Chart – 16% Potential!
👉 **What's Happening?**
$INJ has printed a bullish MACD crossover on the daily chart. In simple terms, this occurs when a shorter-term moving average crosses above a longer-term average, indicating upward momentum and a likely price increase.
ℹ️ **Signal Details**
The buy signal on the daily chart has shown impressive backtest results. Out of 30 historical signals, $INJ gained over 10% in 80% of cases. The MACD is a reliable indicator on the daily chart, especially under specific conditions.
💹 **Other Technical Indicators**
Most momentum indicators are neutral, supporting the buy signal. Many trend indicators have turned or are turning bullish. Keep an eye on the weak ADX, as we want a strong trend to back this signal.
📉 **Chart Analysis**
$INJ's 1D chart supports the signal perfectly. The token has found strong support at $20 and has bounced back nicely. The profit potential aligns with the next resistance at $27-$28.
Seize the opportunity and watch $INJ closely for potential gains!