INJUSDT trade ideas
$INJ TODAY- WITH THE EXPONENTIAL GROWTHInjective protocol a month today was trading at a a paltry 1$ sum and within a year after its mainnet launch has witnessed an outstanding growth.
Termed as one of the fastest growing WEB3 financial ecosystem,they have built an outstanding L1 blockchain with outstanding DApps like the powerful DEX called Helix (protocol coined from the double strand DNA structure), a decentralised native asset management Black Panther, An NFT marketplace known as Talis and Mito Finance, a Defi protocol currently running their testnet phase.
So in all the blah1blah! i just wrote there, what am i saying?
It is a project worth looking into.
begin to explore the Injective ecosystem especially Black Panther.. You can stake on their platform & position yourself for their airdrop claim points
INJECTIVE Continues To Look Bullish ($INJ)You are all aware that INJ is one of my largest positions, one that I have held and traded around through the entire cycle.
This is one of the few coins that looks destined to break it's previous highs. As you can see, it has broken resistance after bullish consolidation and looks ready for another push. The line up top is the all time high... not sure far to travel from the current levels.
It really should be heading there. If it can break the all time high, we have a blue sky breakout and sky is the limit.
At the moment, price needs to break the recent high (19.14) to signal continuation, so there is nothing to do right now.
Keeping an eye on #INJ/USDT PMH $$19.16 resistance level in 4-HoKeeping an eye on #INJ/USDT PMH $$19.16 resistance level in 4-Hour TF!
CRYPTOCAP:INJ needs to close a 1-hour candle above the resistance to gain the bullish momentum. Wait for BO and successful retest to open a long position.
I am expecting a fakeout above the zone and then retracement.
Sharp Pullback ComingMonster move post-breakout. Think we're very close to the top for this leg. Felt pretty heavy today. High volume but price barely moved, which could mean sellers coming back in. The Bitcoin pair poked through ATH and may need a rest as well. RSI on both pairs are very heated.
Looking to re-enter in the white box if it gets down there
$INJ - Massive bull scenario
Target 3: 23.757
Target 2: 21.580
Target 1: 20.353
Resistance level :18.126
What Is Injective Protocol (INJ)?
Injective is a blockchain built for finance. It is an open, interoperable layer-one blockchain powering next-generation DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols and more.
Injective uniquely provides powerful core financial infrastructure primitives that applications can leverage, including a fully decentralized MEV-resistant on-chain orderbook. In addition, all forms of financial markets such as spot, perpetual, futures and options are fully on-chain. The decentralized cross-chain bridging infrastructure is compatible with Ethereum, IBC-enabled blockchains, and non EVM chains such as Solana.
Injective also provides a next-generation, highly interoperable smart contract platform based on CosmWasm, with advanced interchain capabilities. Injective is custom built with the Cosmos SDK and utilizes Tendermint-based Proof-of-Stake consensus mechanism, providing instant transaction finality with the ability to sustain lightning-fast performance (10,000+ TPS).
The Injective ecosystem includes 100+ projects and over 150,000 community members globally. Injective is backed by a group of prominent investors such as Binance, Pantera Capital, Jump Crypto and Mark Cuban.
INJ consolidation in demandINJ has consolidated into the local demand on the daily perfectly over the past few days. The uptrend is starting with emas coiling upward and RSI breaking out of a range. The average volume is up on the weekly. The two dashed lines are historical resistances before we grasp for all-time-highs. The token is ranging right in the middle of the Bollinger bank which gives another signal of a strong consolidation phase. I expect another shot at making the fib .618 a stronger support. I think we take a shot at 19$ soon.
INJ/USDT Technical and Fundamental AnalysisTitle: INJ/USDT Technical and Fundamental Analysis
Bias: Neutral to Bullish
Technical: INJ shows a breakout from a consolidation pattern, suggesting a potential uptrend.
Fundamental: Injective's launch of a bridge to Solana and introduction of tokenized US Treasuries may attract interest.
Direction: Watching for sustained breakout for confirmation.
Entry: Current price if upward trend continues.
Stop Loss: Below the pattern at approximately $16.00.
Targets: $20.657 as a potential target in case of continued momentum and positive market response to recent developments
INJ correction 30-35%most of pairs against usdt pumped to complete full cycle INJ one of the strong pairs against BTC and USDT show very powerful move all the way around 20 $ area which remind me of LINK/USDT at 2020 didn't stop all the way to 20$ .for now INJ showing sign of weakness at current area expecting correction all the way down to 10-11$ range to start new wave
INJ dipping perfectly into daily demandINJ has rejected the .886 fib level and slumped back to local demand, this seems to be a fairly supportive structure. I marked two areas of historical importance with dashed greens. The recent green engulfing candle signals that the trend will likely reverse and the .886 may be taken soon. Volume is still high on average. I think we see a few days fighting for 15.84 and then we reach my second price target as a resistance with is closing on all-time-highs soon. These pullbacks are necessary to build structure and to wash out the short-term traders.
INJ injective bearish 🐻 analysis ⏰I am expecting bearish 🐻 on BINANCE:INJUSD
Invalid 📌 above $16 day above
👀 R.s.i reaching over sold // bearish divergence
👀 Parallel channel 📌 formation
+
$12-14 expecting rejection towards $7.5-8.9
If parallel channel was broken 🤣 $2-6 💔😂
Don't hate if u ar fan 😂 of BINANCE:INJUSDT just market 😜 is all about bull 🐂 and bear 🐻
$12-14 >> $7.5-8.9 // worst case 📌 below $6.8 >> $2-6