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Injective

Injective protocol INJ INJ is a project invested and supported by the Binance Labs fund Injective Protocol is a cross-chain platform deployed on the basis of two protocols, Ethereum and Cosmos, so that users do not experience problems with high gas prices. Among the key features of the project, it is worth noting decentralized trading in derivative financial instruments, the ability to trade on any market, cross-chain trading, yield generativity, a community-driven network, and high-speed DEX. The project investors are Pantera, Hashed, and of course Binance Labs. It is also worth paying attention to the technical analysis and consider the INJ chart : From the peak, we fell by 95% and came to the zone from which the growth began and in which there were good volumes, and when we return to this zone, now we also see large volumes. If we analyze the behavior of coins in the previous bear market, then on average coins fell by 93-95%. Therefore, I consider it unlikely that INJ will show a strong fall from these values, it would be logical to test the $1 level and start forming a bottom from there. So far, we are not seeing signs of strength in this coin to expect any growth in the coming month. Unless we quickly get out of this wedge and the price fixes above $1.7
by razumcapital
$INJ Injective Protocol Cup & Handle formation 1D $INJ 1D CHART Very nice looking Cup and Handle fractal forming on $INJ! TECHNICAL TARGET PRICE $25.00 ALL TIME HIGH just above this at $25.30 so this TP zone is a very sensible selling place! As we are seemingly in the beginning of a nice little alt season, this should play out well 🦾 Breakout expected around the 8th to 10th September... ENTRY and STOP LOSS Entry within the box labelled ENTRY ($14.90 - $16.00) - wait until we have breached the neckline and retested before buying in. Stop loss set between $14.20 - $13.15. PLEASE NOTE Always pay attention to the BTC chart when you buy in and make sure we are not at risk of dumping so that you can protect your capital. It is also worth noting that this same cup and handle and rounded bottom pattern can be found on quite a few alts because of the May crash, so keep your eyes peeled for more potential beauties like this 💫 Trade safe guys, PumpeyeTheTraderMan and Team Crypto Society ❤️
Long
by BiloCrypto
1
Injective has the cleanest and strongest trend out there!INJUSDT and INJBTC look very solid. INJ, AXS & ALPHA all came about the same period on Binance and they were some IEOs that have done very very well. I won't go deep into the fundamentals of the project but I really like the concept and the fact that they are doing lots of things to expand across different chains and bring in many innovative projects. ALPHA was the early bloomer, INJ initially was strong but then started lagging massively. It never got frothy or exuberant. Essentially INJ has been going stairs up and eventually will take the elevator up too. I do believe eventually the trend will accelerate rather than slow down. Both BTC and USDT charts look extremely promising and from here the price could easily double or triple. Yes in the meantime we might get a fairly strong dip, but after that I believe the pump will be epic. s3.tradingview.com
Long
by BitcoinMacro
1
Injective Protocol / BNBThis may not appear to be the best looking chart, but fundamentally it's a great idea. Injective Protocol (INJ) had a lot of success early on, as it offers a service to the blockchain industry as a whole. Its value is in its technology. Where impossible before, a decentralized exchange can now properly document liquidity of assets, and we can get a more accurate reading of prices per DEX now. Cross Chain Dex became a reality shortly after. INJ has a lot to offer in the derivatives field too. So what's with the chart? BNB is the more famous of the two, as Binance Smart Chain smartly both laid out their marketing campaign, and attacked Ethereums high gas fees, drawing global attention. 2 things are about to happen that will help shape this trade: 1) Ethereums gas fees will reduce as Ethereum implements their controversial restrictions on earning specific mining fees, which actually benefits the traders in this case. This will draw some traders away from BNB back to Ethereum as they chase their gains. 2) Injective Protocol is going to release their Mainnet. INJ has been hovering around the $12 USD mark after blasting up to $20 from $0.67. This represents a temporary profit taking, and will be traded again at high velocity. Fundamentally, I am behind this trade.
Long
by Shwayze
2
INJECTIVE: INJBTC headed for correction soonThis is my personal opinion about Injective protocol in the short/mid-term. Injective has a great and active community and a great concept being built, but there are too few tokens released for this price-action to last. There are better, similar projects that has far better potential for growth at these prices. Although I believe INJ will definitely 5x from here compared to dollar over the long run, I believe SWTH, a direct competitor also backed by heavy venture-capital ( Three Arrows, the biggest investor in Grayscale, the biggest crypto-fund in the world), has a far better risk/return than INJ right now. I also believe it to be a superior project, having released mainnet, derivatives almost done. Anyway I'm invested in both, and of the two SWTH is my main bag for holding long term. I think it's wise to secure profits on INJ now, and look too other projects for a while at least. I believe we will see INJ retrace and have good buy-opportunities in the green rectangle. But likely the major resistance in the thick yellow-line will fight back, and possibly only wicks will touch the green rectangle. We may see it touch fib 1.618, or even two or three before this happens, and if so the correction will be even harder. Stay safe, an happy trading!
by VargVemund
2
Injective Protocol - TargetsInjective Protocol might be accumulating to get ready for a significant increase. We have watched this coin since .67 all the way to over $4.00. Recently we saw a rise and fall down to the 50% fib ratio (again), and I believe this 3rd wave will play similar to the previous rises. We are looking at (for starters) hitting $5.50 - $6.57, We should see some resistance in this area and I believe people will be cashing out. This should generate enough interest in the project for more wallets to be created simultaneously, which is why I think we could be hitting the $8-$10 range within a month or so. This all depends on NEWS, this is in price discovery, and traditional analysis does not always apply (unless someone is heavily manipulating it).
BINANCE:INJUSDLong
by Shwayze
2