#Injective (INJ) Daily Market Update
INJ is demonstrating strong bullish momentum today, with key metrics reflecting heightened market activity and positive sentiment.
Performance Highlights (24h):
· Price: +5.54%, currently trading near $5.70
· Volume: Significant surge of +44.29%, reaching approximately $68.67M
· Market Cap: +5.52% to $570.11M
· Circulating Supply: Steady at ~99.97M INJ
Technical & Market Outlook:
The substantial rise in trading volume underscores growing trader interest and confirms the strength behind today’s upward move.Price action on the 24-hour chart indicates consistent buying pressure, with the formation of higher highs suggesting a gradual shift toward bullish control.
Key Levels to Watch:
· Immediate Support: $5.60–$5.70 zone
· Next Resistance: $5.90–$6.00 range
A sustained hold above the $5.60 support level, coupled with continued volume momentum, could provide the foundation for a retest of the $6.00 resistance area in the near term.
INJ appears to be regaining strength with notable conviction today.
