INJ price bounces back with NFT financialization coming to the Injective ecosystem; traders eye the $8.00 resistance level for potential profits.
- Injective’s (INJ) price has rebounded after the NFT financialization news.
- Currently, the bullish momentum exceeds the bearish one on the INJ/USD chart.
- There is a strong buy signal for INJ as buying pressure outweighs selling pressure.
Despite plummeting to an intra-week low of $6.46 in the previous 24 hours, the revelation that NFT financialization is coming to the Injective ecosystem has boosted investors’ confidence. Consequently, bulls raised the price of Injective (INJ) from its 7-day low to an intra-day high of $7.24 as of press time.