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Injective has posted a gain of over 8%, currently trading at $14. INJ’s daily trading volume has surged by 43%. The crypto market opened the day with mixed sentiment, with the total market cap resting at $3.45 trillion. Among the altcoins, Injective (INJ) has posted a bullish price action with an 8.18% surge over the past 24 hours.  In the early hours, Injective recorded its daily low price at around $13.40. Gradually, the asset ascended to a high of $14.84, with the support of the bulls. At the time of writing, Injective traded in the $14.78 range, with a market cap of $1.47 billion. Concurrently, the daily trading volume of the asset has surged by over 43.17% and has reached $202 million.  Furthermore, zooming in on the seven-day price chart of Injective, it has recorded a gain of over 25.97%. The asset began the week trading at a low of $11.74, and the bullish pressure in the market has sent the price to climb to a high of $14, reaching the current trading level.  Will Injective Bulls Maintain Control? The four-hour price chart of Injective showcases the upward movement. The ongoing bullish momentum might likely trigger the price climb toward the $15 level. Assuming the asset’s upside correction continues, the emerging bulls could push INJ to test the key resistance above $15.15.  Contrarily, if the uptrend of INJ fades, it could immediately find the nearby support at the $14.75 range. In the event that the asset fails to hold this level, the bears might lead the price to plunge, and the subsequent support can be found at the $17.60 mark.  Moreover, INJ’s Moving Average Convergence Divergence (MACD) line is positioned above the signal line, indicating a bullish sentiment in the market. Also, the traders often view this crossover as a…

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Filed under: News - @ May 27, 2025 10:28 pm