🚀 Injective ($INJ) at ~$11.45 — Is INJ the Layer-1 to Push DeFi to the Next Stage?

INJ is trading around $11.45 USD, with 24-hour trading volume of ≈ $122.5 million.

Market cap is over $1.11 billion USD with nearly 100 million tokens in circulation.

📊 What the Charts Are Saying

Support Zone: ~$9.50 – $10.50 — INJ has bounced from this level recently, showing buyer interest.

Resistance Zone: ~$13.00 – $15.50 — this is the key hurdle to break if INJ wants to make a strong upward move.

Trend: INJ has been consolidating in this band, forming higher lows, with recent volume upticks on positive moves. Chart indicates potential buildup.

🔍 Why INJ Could Be More Than Just Another Altcoin

DeFi & Interoperability Edge: Injective is known for cross-chain connectivity (Ethereum, Cosmos, etc.) and native order book DEX + derivative infrastructure. That gives real strength for traders seeking DeFi beyond simple token swaps.

Recent Developments & Ecosystem Moves: New product launches (like perpetuals / derivatives) and institutional interest are adding fundamental tailwinds.

Price Position Looks Attractive: At ~$11.45, INJ is trading well below its all-time highs. For those looking for possible breakout plays in Layer-1/DeFi infrastructure tokens, this kind of setup might offer reward/risk potential.

🎯 Trade Setup (Not Financial Advice)

Strategy Element Level

Entry Zone ~$10.50 – $12.50

First Target ~$14.00 – $16.00

Extended Target ~$20.00+ if resistance breaks cleanly

Stop Loss Below ~$8.50

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