Alessia_Horus
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$INJ Analysis & Current Outlook
The chart shows Injective (INJ) trading at 5.91 USDT with a ‑0.17% drop in the last 24 hours. The price is below the 7‑day moving average (MA 7 = 5.97) and the 25‑day MA (6.49), indicating a short‑term bearish momentum. The 99‑day MA (10.13) sits well above the current price, suggesting the long‑term trend is still downward‑biased.
Key observations:
- Support: around 5.83 (24 h low) and the recent low of 5.19.
- Resistance: the 6.00 level (24 h high) and the MA 7 at 5.97.
- Volume: 24‑hour volume is 466,502 INJ (≈ 2.76 M USDT), showing moderate market activity despite the price dip.
- Indicators: The moving averages are layered downward (MA 7 < MA 25 < MA 99), signaling continued weakness unless the price breaks above the MA 7‑MA 25 zone.
How it’s going: INJ is in a bearish phase on the daily timeframe, trading near the lower end of its recent range. The price needs to climb above 6.00 and then sustain above the 6.49 (MA 25) to hint at a reversal; otherwise, further downside toward the 5.19 support is possible.
#injective @Injective $INJ #Injective
The chart shows Injective (INJ) trading at 5.91 USDT with a ‑0.17% drop in the last 24 hours. The price is below the 7‑day moving average (MA 7 = 5.97) and the 25‑day MA (6.49), indicating a short‑term bearish momentum. The 99‑day MA (10.13) sits well above the current price, suggesting the long‑term trend is still downward‑biased.
Key observations:
- Support: around 5.83 (24 h low) and the recent low of 5.19.
- Resistance: the 6.00 level (24 h high) and the MA 7 at 5.97.
- Volume: 24‑hour volume is 466,502 INJ (≈ 2.76 M USDT), showing moderate market activity despite the price dip.
- Indicators: The moving averages are layered downward (MA 7 < MA 25 < MA 99), signaling continued weakness unless the price breaks above the MA 7‑MA 25 zone.
How it’s going: INJ is in a bearish phase on the daily timeframe, trading near the lower end of its recent range. The price needs to climb above 6.00 and then sustain above the 6.49 (MA 25) to hint at a reversal; otherwise, further downside toward the 5.19 support is possible.
#injective @Injective $INJ #Injective
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