The post INJ Price Holds Above $13 as Injective Shows Mixed Technical Signals appeared on BitcoinEthereumNews.com.

Rebeca Moen
Sep 20, 2025 08:48

Injective (INJ) trades at $13.89 after a 3.48% daily decline, with technical indicators suggesting consolidation before potential breakout above key resistance levels.

Quick Take • INJ currently trading at $13.89 (-3.48% in 24h) • Injective’s RSI sits in neutral territory at 50.64, indicating balanced momentum • No significant news catalysts identified in recent trading sessions What’s Driving Injective Price Today? The INJ price movement over the past 24 hours appears driven primarily by technical factors rather than fundamental news, as no major announcements or developments have emerged from the Injective ecosystem in recent days. The 3.48% decline brings INJ closer to its immediate support zone, with the token finding initial support around $13.72 during today’s session. Trading volume on Binance spot reached $7.53 million over the past 24 hours, suggesting moderate interest from traders as Injective consolidates within its recent range. The absence of significant news flow has left technical analysis as the primary driver for short-term price action in the INJ/USDT pair. INJ Technical Analysis: Neutral Signals Suggest Consolidation Phase Injective technical analysis reveals a mixed picture across key momentum indicators. The daily RSI for Injective stands at 50.64, positioning INJ RSI squarely in neutral territory and suggesting neither overbought nor oversold conditions. This neutral reading indicates that Injective could move in either direction depending on broader market sentiment and volume influx. The MACD configuration presents a more bullish perspective, with Injective’s MACD line at 0.1504 sitting above the signal line at 0.1075. The positive MACD histogram of 0.0429 reinforces this bullish momentum signal, though the magnitude remains relatively modest. Injective’s moving averages paint an interesting picture of the current trend structure. The token trades above its 200-day SMA at $11.78, confirming the longer-term uptrend…

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Filed under: News - @ September 21, 2025 2:26 am