Injective

Resistance

Injective is in a bull market since January, and the price hasn&#8217;t looked back since.
Key Support levels: $6
Key Resistance levels: $10
Injective have had an amazing rally in the past four months, increasing by over 600% or from $1.3 to $8. The price does not seem to take any breaks, with bulls determined to take it to $10, where the key resistance awaits. The current support is at $6.
<figure id="attachment_248225" aria-describedby="caption-attachment-248225" style="width: 1718px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/04/INJUSDT_2023-04-27_18-53-47.png" data-wpel-link="internal"><img class="size-full wp-image-248225" src="https://cryptopotato.com/wp-content/uploads/2023/04/INJUSDT_2023-04-27_18-53-47.png" alt="INJUSDT_2023-04-27_18-53-47" width="1718" height="855" srcset="https://cryptopotato.com/wp-content/uploads/2023/04/INJUSDT_2023-04-27_18-53-47.png 1718w, https://cryptopotato.com/wp-content/uploads/2023/04/INJUSDT_2023-04-27_18-53-47-300x149.png 300w, https://cryptopotato.com/wp-content/uploads/2023/04/INJUSDT_2023-04-27_18-53-47-1024x510.png 1024w, https://cryptopotato.com/wp-content/uploads/2023/04/INJUSDT_2023-04-27_18-53-47-768x382.png 768w, https://cryptopotato.com/wp-content/uploads/2023/04/INJUSDT_2023-04-27_18-53-47-1536x764.png 1536w, https://cryptopotato.com/wp-content/uploads/2023/04/INJUSDT_2023-04-27_18-53-47-50x25.png 50w" sizes="(max-width: 1718px) 100vw, 1718px" /></a><figcaption id="caption-attachment-248225" class="wp-caption-text">Chart by TradingView</figcaption></figure>
Trading Volume: The buying volume continues to be high and sustained since January. This explains the quick ascent of the price.
RSI: The daily RSI is just under 70 points. The RSI has been hovering around this level since January. So long it stays here, the bias remains bullish.
MACD: The daily MACD is curving up and may do a bullish cross soon, which could take the price to $10.
<figure id="attachment_248226" aria-describedby="caption-attachment-248226" style="width: 1718px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/04/INJUSDT_2023-04-27_18-54-02.png" data-wpel-link="internal"><img class="size-full wp-image-248226" src="https://cryptopotato.com/wp-content/uploads/2023/04/INJUSDT_2023-04-27_18-54-02.png" alt="INJUSDT_2023-04-27_18-54-02" width="1718" height="854" srcset="https://cryptopotato.com/wp-content/uploads/2023/04/INJUSDT_2023-04-27_18-54-02.png 1718w, https://cryptopotato.com/wp-content/uploads/2023/04/INJUSDT_2023-04-27_18-54-02-300x149.png 300w, https://cryptopotato.com/wp-content/uploads/2023/04/INJUSDT_2023-04-27_18-54-02-1024x509.png 1024w, https://cryptopotato.com/wp-content/uploads/2023/04/INJUSDT_2023-04-27_18-54-02-768x382.png 768w, https://cryptopotato.com/wp-content/uploads/2023/04/INJUSDT_2023-04-27_18-54-02-1536x764.png 1536w, https://cryptopotato.com/wp-content/uploads/2023/04/INJUSDT_2023-04-27_18-54-02-50x25.png 50w" sizes="(max-width: 1718px) 100vw, 1718px" /></a><figcaption id="caption-attachment-248226" class="wp-caption-text">Chart by TradingView</figcaption></figure>
<h2 id="bias">Bias</h2>
The bias for INJ is bullish.
<h2 id="short-term-prediction-for-ada-price">Short-Term Prediction for ADA Price</h2>
The bullish momentum could continue. But it would be critical to see how the cryptocurrency will perform if it manages to get to the important resistance at $10.
The post <a href="https://cryptopotato.com/massive-rollercoaster-for-inj-but-9-resistance-persists-whats-next-injective-price-analysis/" rel="nofollow">Massive Rollercoaster for INJ but $9 Resistance Persists, What&#8217;s Next? (Injective Price Analysis)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Massive Rollercoaster for INJ but $9 Resistance Persists, What’s Next? (Injective Price Analysis)

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