Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Tron and Ethereum fight for the USDT top position

2025-05-13

Sui surpasses Solana with $ 11.7 million inflow – more upside down?

2025-05-13

Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

2025-05-13
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Tron and Ethereum fight for the USDT top position

    2025-05-13

    Stargate brings Cronos closer to the future of Omnichain

    2025-05-13

    Abu Dhabi launches a large project with Agile Dynamics for quantum -safe blockchain

    2025-05-13

    Zimbabwe is turning into blockchain to breathe new life into the trust of the carbon credit of carbon credit

    2025-05-13

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    SEC chairman atkins repeats himself to overhaul crypto rules, promises to end ‘Regulation by enforcement’

    2025-05-12

    ‘Bond King’ Jeffrey Gundlach calls a catalyst who can cause an interest rate this year

    2025-05-11

    Concern about Trump’s conflict of interest slows down the progress of a broader crypto policy

    2025-05-10

    The German police interrupt $ 38,260,000 in crypto from Exchanges in the midst of allegations. The exchange has been washed bybit funds

    2025-05-10

    Trump Blackballs Lobby firm about controversy related to his ‘Crypto Strategic Reserve’ Truth Social Post: Report: Report

    2025-05-10
  • Analysis

    Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

    2025-05-13

    Cardano (ADA) Dips: Temporary correction or start of deeper movement?

    2025-05-13

    The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

    2025-05-13

    Can the resistance crush and re -design the rally?

    2025-05-12

    XRP performs better than the crypto market with 10% jump if open interest rises beyond $ 5 billion

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Is injective market decoupling?
Altcoins

Is injective market decoupling?

2023-12-13No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: December 13, 2023


  • INJ has managed to break above several resistance levels in recent days.
  • Whale stocks fell, but other numbers looked bullish

injective [INJ] traded differently than the rest of the cryptos as its price rose while the value of other cryptos plummeted. This happened when the token managed to cross a major resistance level in the recent past.

So should investors expect the token to rise further or should they be cautious about a price correction?

A quick look at Injective’s journey

While the market remained under the influence of bears, Injective chose to move the other way as the price rose. To be precise, according to CoinMarketCapthe INJ has risen by more than 21% in the past 24 hours.

At the time of writing, it was trading at $26.08 with a market cap of over $2.1 billion.

Rekt Capital, a popular Twitter account that posts analysis on cryptos, recently posted a tweet mentioning INJ. According to the tweet, Injective rose above a key resistance level at $21. Therefore the chance is up INJ It seems likely that there will be a huge bull rally!

$INJ

Injection did it

The last major resistance before the new All Time High & Price Discovery mode revisited

All we need to do is regain this red resistance as support to reach new All Time Highs

Until then, INJ will remain within the orange-red range#INJ #Crypto #Injective https://t.co/4IcUphgcTT pic.twitter.com/yeLWRO14n3

— Rekt Capital (@rektcapital) December 11, 2023

Interestingly, the token has managed above several resistance levels in recent days. According to Hyblock Capital’s chart, despite the liquidation, the INJ has risen above several levels, such as the $25 mark.

Source: Hyblock Capital

Should you expect INJ to pump further?

To understand whether investors should expect INJ to rise further, AMBCrypto checked INJ’s daily chart.

See also  Why could this Dogecoin rival be the next Pepe or Bonk?

According to the analysis, INJ’s Money Flow Index (MFI) and Relative Strength Index (RSI) both reached an overbought zone, which is a bearish signal.

The token’s price also reached the upper limit of the Bollinger Bands, increasing the likelihood of a price correction.

Source: TradingView

What the statistics suggest…

While most market indicators suggested a price correction, on-chain metrics looked bullish. For example, as the price rose, so did trading volume.

People also talked about Injective as its social volume increased, as did its weighted sentiments.

Source: Santiment

AMBCrypto then looked at Injective’s offer. We found that INJThe supply on the exchanges registered a huge drop last week, while the supply outside the exchanges remained stable. This clearly indicated higher purchasing pressure.


Realistic or not, here it is Market capitalization of INJ in BTC conditions


The token’s MVRV ratio also rose last week, which is a typically bullish signal. Whale activity around the token also remained high.

However, it is possible that the Whales have sold their assets as supply from the top addresses remained flat last week despite a rise in Whale transactions.

Source: Santiment



Source link

decoupling Injective market
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Sui surpasses Solana with $ 11.7 million inflow – more upside down?

2025-05-13

Bitcoin is confronted with key resistance after 10% rally

2025-05-13

Cardano: As whaling rises, does Ada see a potential increase?

2025-05-13

The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

2025-05-13
Add A Comment

Comments are closed.

Top Posts

Five arrested in scheme to rob $76,000,000 from crypto and gold scam victims: report

2023-09-18

Sony Bank will launch a stablecoin pegged to the yen on Soneium

2024-09-12

Bitcoin to hit $ 2.4 million by 2030? Ark Invest Boost Bull Case in Bold Forecast

2025-04-26
Editors Picks

Download the Unstoppable Snap to solve domains in MetaMask!

2024-10-25

Morgan Stanley predicts the stock market has seen the worst of the momentum – here is the bank’s prediction

2025-04-16

Legendary Analyst Peter Brandt Says Bitcoin Price Could Fall to $78,000, Here’s Why

2024-12-30

Bitcoin hashprice for $ 48: will it apply despite difficulty increasing and reimbursement waste?

2025-03-25

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Tron and Ethereum fight for the USDT top position

Sui surpasses Solana with $ 11.7 million inflow – more upside down?

Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,460.860.62%
  • ethereumEthereum(ETH)$2,550.761.98%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.53-0.60%
  • binancecoinBNB(BNB)$653.25-1.72%
  • solanaSolana(SOL)$173.61-1.14%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.227388-2.18%
  • cardanoCardano(ADA)$0.80-2.16%
  • tronTRON(TRX)$0.267614-2.20%
  • suiSui(SUI)$3.971.13%
  • chainlinkChainlink(LINK)$16.66-0.69%
  • avalanche-2Avalanche(AVAX)$24.63-0.43%
  • stellarStellar(XLM)$0.305189-4.47%
  • shiba-inuShiba Inu(SHIB)$0.000016-3.02%
  • hedera-hashgraphHedera(HBAR)$0.208321-4.16%
  • hyperliquidHyperliquid(HYPE)$24.980.77%
  • the-open-networkToncoin(TON)$3.27-4.46%
  • bitcoin-cashBitcoin Cash(BCH)$401.84-1.10%
  • unus-sed-leoUNUS SED LEO(LEO)$8.631.58%
  • polkadotPolkadot(DOT)$5.00-1.82%
  • piPi(PI)$1.11-7.59%
  • litecoinLitecoin(LTC)$100.450.77%
  • moneroMonero(XMR)$338.830.59%
  • pepePepe(PEPE)$0.0000141.30%
  • bitget-tokenBitget Token(BGB)$4.730.45%
  • daiDai(DAI)$1.000.03%
  • ethena-usdeEthena USDe(USDE)$1.000.05%
  • uniswapUniswap(UNI)$6.75-1.69%
  • bittensorBittensor(TAO)$453.410.93%
  • nearNEAR Protocol(NEAR)$3.10-1.64%
  • aptosAptos(APT)$5.75-1.78%
  • aaveAave(AAVE)$221.170.74%
  • okbOKB(OKB)$54.16-1.82%
  • ondo-financeOndo(ONDO)$1.00-2.95%
  • kaspaKaspa(KAS)$0.1205771.02%
  • ethereum-classicEthereum Classic(ETC)$19.71-0.70%
  • internet-computerInternet Computer(ICP)$5.61-3.63%
  • crypto-com-chainCronos(CRO)$0.1017962.81%
  • mantleMantle(MNT)$0.79-0.98%
  • gatechain-tokenGateToken(GT)$21.72-0.53%
  • render-tokenRender(RENDER)$5.11-1.07%
  • vechainVeChain(VET)$0.030163-3.86%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.248741-3.61%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.73-2.87%
  • ethenaEthena(ENA)$0.389019-1.53%
  • usd1World Liberty Financial USD(USD1)$1.00-0.23%
  • filecoinFilecoin(FIL)$3.05-2.40%
  • algorandAlgorand(ALGO)$0.235060-4.48%
  • arbitrumArbitrum(ARB)$0.424814-3.21%
  • bitcoinBitcoin(BTC)$103,460.860.62%
  • ethereumEthereum(ETH)$2,550.761.98%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.53-0.60%
  • binancecoinBNB(BNB)$653.25-1.72%
  • solanaSolana(SOL)$173.61-1.14%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.227388-2.18%
  • cardanoCardano(ADA)$0.80-2.16%
  • tronTRON(TRX)$0.267614-2.20%
  • suiSui(SUI)$3.971.13%
  • chainlinkChainlink(LINK)$16.66-0.69%
  • avalanche-2Avalanche(AVAX)$24.63-0.43%
  • stellarStellar(XLM)$0.305189-4.47%
  • shiba-inuShiba Inu(SHIB)$0.000016-3.02%
  • hedera-hashgraphHedera(HBAR)$0.208321-4.16%
  • hyperliquidHyperliquid(HYPE)$24.980.77%
  • the-open-networkToncoin(TON)$3.27-4.46%
  • bitcoin-cashBitcoin Cash(BCH)$401.84-1.10%
  • unus-sed-leoUNUS SED LEO(LEO)$8.631.58%
  • polkadotPolkadot(DOT)$5.00-1.82%
  • piPi(PI)$1.11-7.59%
  • litecoinLitecoin(LTC)$100.450.77%
  • moneroMonero(XMR)$338.830.59%
  • pepePepe(PEPE)$0.0000141.30%
  • bitget-tokenBitget Token(BGB)$4.730.45%
  • daiDai(DAI)$1.000.03%
  • ethena-usdeEthena USDe(USDE)$1.000.05%
  • uniswapUniswap(UNI)$6.75-1.69%
  • bittensorBittensor(TAO)$453.410.93%
  • nearNEAR Protocol(NEAR)$3.10-1.64%
  • aptosAptos(APT)$5.75-1.78%
  • aaveAave(AAVE)$221.170.74%
  • okbOKB(OKB)$54.16-1.82%
  • ondo-financeOndo(ONDO)$1.00-2.95%
  • kaspaKaspa(KAS)$0.1205771.02%
  • ethereum-classicEthereum Classic(ETC)$19.71-0.70%
  • internet-computerInternet Computer(ICP)$5.61-3.63%
  • crypto-com-chainCronos(CRO)$0.1017962.81%
  • mantleMantle(MNT)$0.79-0.98%
  • gatechain-tokenGateToken(GT)$21.72-0.53%
  • render-tokenRender(RENDER)$5.11-1.07%
  • vechainVeChain(VET)$0.030163-3.86%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.248741-3.61%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.73-2.87%
  • ethenaEthena(ENA)$0.389019-1.53%
  • usd1World Liberty Financial USD(USD1)$1.00-0.23%
  • filecoinFilecoin(FIL)$3.05-2.40%
  • algorandAlgorand(ALGO)$0.235060-4.48%
  • arbitrumArbitrum(ARB)$0.424814-3.21%