$INJ Key Points
The price of IN is showing an upward momentum, mainly due to the expected network upgrade, but recent profit-taking has led to a slight
correction, which indicates a signal.
1. Catalytic Upgrade: The Injective upgrade
will become a catalyst
supported by bullish short-term technical indicators such as EMA crossings
and a positive MACD.
2. Market Activity: The recent price correction and significant large outflows indicate profit-taking, while a temporary suspension of deposits/withdrawals on a major exchange adds short-term uncertainty.
3. Sentiment: Community sentiment remains generally optimistic, anticipating positive changes
from the network upgrade and its potential impact on the value of INJ.
BTC
92,453
+2.34%
INJ
5.71
+6.13%