Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Injective is down -4.25% today against the US Dollar
INJ/BTC decreased by -5.36% today
INJ/ETH decreased by -3.34% today
Injective is currently trading 23.54% below our prediction on Oct 08, 2024
Injective gained 18.44% in the last month and is up 155.72% since 1 year ago
Injective price $âŻ19.24 Injective prediction $âŻ25.17 (30.02%) Sentiment Bearish Fear & Greed index 37 (Fear) Key support levels $âŻ19.44, $âŻ18.58, $âŻ17.14 Key resistance levels $âŻ21.75, $âŻ23.19, $âŻ24.05
INJ price is expected to rise by 30.02% in the next 5 days according to our Injective price prediction
Injective price today is trading at $âŻ19.24 after losing -4.25% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -9.13% in the same time period. INJ performed poorly against BTC today and recorded a -5.36% loss against the worldâs largest cryptocurrency.
According to our Injective price prediction, INJ is expected to reach a price of $âŻ25.17 by Oct 08, 2024. This would represent a 30.02% price increase for INJ in the next 5 days.
INJ Price Prediction Chart
Buy/Sell Injective
What has been going on with Injective in the last 30 days
Injective has been displaying a positive trend recently, as the coin gained 18.44% in the last 30-days. The medium-term trend for Injective has been bullish, with INJ increasing by 0.76% in the last 3 months. The long-term picture for Injective has been positive, as INJ is currently displaying a 155.72% 1-year price change. On this day last year, INJ was trading at $âŻ7.53.
Injective reached its all-time high price on Mar 14, 2024, when the price of INJ peaked at $âŻ52.56. The current INJ cycle high is $âŻ52.56, while the cycle low is at $âŻ13.58. INJ has been displaying high volatility recently â the 1-month volatility of the coin is at 12.09. Injective recorded 18 green days in the last 30 days.
Injective technical analysis for today - Oct 03, 2024
The sentiment in the Injective markets is currently Bearish, and the Fear & Greed index is reading Fear. The most important support levels to watch are $âŻ19.44, $âŻ18.58 and $âŻ17.14, while $âŻ21.75, $âŻ23.19 and $âŻ24.05 are the key resistance levels.
Bearish sentiment for Injective
4 indicators are currently signaling a bullish prediction for Injective, while 25 indicators are showing a bearish forecast. With 86% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Injective.
Crypto market is currently experiencing Fear
Currently, the Fear & Greed index is at 37 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A âGreedâ reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A âFearâ reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Injective moving averages & oscillators
Letâs take a look at what some of the most important technical indicators are signaling. Weâll be going through key moving averages and oscillators that will allow us to get a better idea of how Injective is positioned in the market right now.
Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $âŻ20.54 (SELL) $âŻ20.72 (SELL) - - MA5 $âŻ21.54 (SELL) $âŻ20.01 (SELL) - - MA10 $âŻ22.20 (SELL) $âŻ19.33 (SELL) - - MA21 $âŻ21.38 (SELL) $âŻ19.35 (SELL) -$âŻ18.18 (BUY) $âŻ22.99 (SELL) MA50 $âŻ19.67 (SELL) $âŻ20.64 (SELL) $âŻ26.49 (SELL) $âŻ22.65 (SELL) MA100 $âŻ20.66 (SELL) $âŻ22.67 (SELL) $âŻ15.07 (BUY) $âŻ17.68 (BUY) MA200 $âŻ26.48 (SELL) $âŻ24.34 (SELL) - -
Period Value Action RSI (14) 47.90 NEUTRAL Stoch RSI (14) 0.00 BUY Stochastic Fast (14) 40.90 NEUTRAL Commodity Channel Index (20) 66.67 NEUTRAL Average Directional Index (14) 30.30 SELL Awesome Oscillator (5, 34) 3.65 NEUTRAL Momentum (10) -0.20 SELL MACD (12, 26) 0.04 NEUTRAL Williams Percent Range (14) -59.10 NEUTRAL Ultimate Oscillator (7, 14, 28) 45.57 NEUTRAL VWMA (10) 22.48 SELL Hull Moving Average (9) 22.81 SELL Ichimoku Cloud B/L (9, 26, 52, 26) 20.23 NEUTRAL
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Injective is at 47.90, suggesting that INJ is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Injective over the last 50 days. Currently, Injective is trading above the SMA 50 trendline, which is a bullish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline thatâs calculated by taking an average of the INJ closing price for the last 200 days. INJ is now trading above the SMA 200, signaling that the market is currently bullish.
The bottom line about this Injective prediction
After considering the above factors, we can conclude that the current forecast for Injective price prediction is Bearish. INJ would have to increase by 30.02% to hit our $âŻ25.17 target within the next five days. Moving forward, it will be important to monitor the INJ market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Injective price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.