Injective is currently experiencing a bull market since January, with no signs of slowing down.
Key Support levels: $6
Key Resistance levels: $10
Over the past four months, Injective has enjoyed a remarkable rally, increasing by over 600% from $1.3 to $8. The buying volume has been consistently high, with the bulls determined to push the price to $10, where the key resistance awaits. The current support level is at $6.
Trading Volume: The buying volume has remained high and sustained since January, explaining the rapid ascent in price.
RSI: The daily RSI is currently just under 70 points and has been hovering around this level since January. As long as it stays here, the bias remains bullish.
MACD: The daily MACD is curving up and may do a bullish cross soon, potentially taking the price to $10.
Bias
The current bias for INJ is bullish.
Short-Term Prediction for ADA Price
The bullish momentum is expected to continue, but reaching the critical resistance at $10 will be a crucial test for the cryptocurrency.
