$INJ Update
Liquidation Alert: $5.93K short liquidated at $25.59337.
Overview: Injective Protocol ($INJ) is a decentralized blockchain built for finance.
It enables fast, low-cost transactions for DeFi, derivatives, and cross-chain trading.
Next Move Prediction
Trend: Bullish momentum as short liquidations indicate buyers overpowering sellers.
Expectations: Price could push higher if momentum sustains.
A pullback might occur if resistance levels are not breached.
Support and Resistance
Support: $24.50 (Key level to hold)
Resistance: $27.00 (Strong selling zone)
Action Plan
Buy: If $INJ stays above $25.60 and approaches $27.00 with strong momentum.
Sell: Consider partial profit-taking near $27.00 or if the price loses support at $24.50.
Caution: Watch for any sudden volume drops that could signal reversal.
Momentum is currently in favor of bulls, but trade cautiously!