Injective Protocol (INJ), which increased by 86 percent at the beginning of last month, made a weak entrance to May.
With the entry of the weekend, a decrease was observed in Bitcoin (BTC). BTC, which shook many altcoins and brought them to support levels, also played a role in the price action of INJ. INJ, which has recently reached almost 2 times its price, has not yet broken its falling trend. INJ, which has come to an important price range in the big time frame, may test further bottom prices if it does not receive support from this level.
Injective Protocol (INJ) Graphical Analysis
Not a very good start to May, INJ is pricing close to a critical support level. INJ, which is currently at $ 7.20, must surpass the $ 7.87 – $ 8.96 and $ 9.95 resistances in order to start big rises. INJ, which approached twice its price in April, seems to have lost a great deal of its buyer base.
In INJ, where the sellers are pulling the strings, the support levels are 6.98 – 6.35 and 6.00 dollars. Entering the new month with a wave of sales, INJ still maintains its popularity, especially on social media.
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