Why is the Injective Protocol (INJ) Rising? 29 May 2023

Injective Protocol (INJ) has risen 17% in the last 24 hours to become the second most valuable coin of the day.
 Why is the Injective Protocol (INJ) Rising?  29 May 2023
READING NOW Why is the Injective Protocol (INJ) Rising? 29 May 2023

Injective Protocol (INJ) has risen 17% in the last 24 hours to become the second most valuable coin of the day.

One of the coins that reacted the fastest to the upward movement of Bitcoin (BTC) was INJ. INJ, which gained value from time to time despite BTC, this time made a splash with the increase in BTC. INJ, which has increased by 17.08 percent in the last 24 hours, managed to become the second most valuable coin of the day. Can the rises in Injective Protocol (INJ) continue unabated? How’s the chart?

Injective Protocol (INJ) Graphical Analysis

INJ, which started a strong attack from $ 6.35 and increased by 17 percent, is currently trading at $ 7.29. The nearest support point on the INJ side is $7. In the continuation of possible decreases, the $ 6.35 and $ 6 levels can be followed as support zones. BTC’s bullish or stable movements may reflect positively on INJ’s price movements. In this case, $7.86 – $8.96 and $9.95 resistances can be targeted for INJ, respectively.

INJ, which correlates to other altcoins faster to BTC, has caught the attention of investors with its rise today. INJ, which has been experiencing higher increases compared to the altcoin market for a while, said on social media, “Can it be the new star of the bull season?” also created controversy.

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