Injective’s recent increase of 8.2% demonstrates strong buying interest, as daily trading volume rose nearly 40%. Market sentiment remains optimistic despite a slight decline in demand over the last two weeks.
The price breakout past the $14.4 resistance indicates increased confidence among traders. The A/D indicator supports the bullish trend, showing higher highs and lows since April, while the MACD suggests potential upward movement.
Price levels may reach between $18.6 and $22.4, contingent on high buying volumes. The increasing development activity and stable daily active addresses signal a promising opportunity for long-term investors.
Leave a Reply