Injective Price Prediction for Today, July 1 – INJ Technical Analysis

The Injective price prediction shows that INJ is likely to cross above the 21-day moving average where it can start the bullish movement.

Price of INJ today

The current live price of Injective (INJ/USD) is $23.64, with a market cap of $2.2 billion. The 24-hour trading volume stands at $84.39 million. The INJ to USD price is updated in real-time. Over the last 24 hours, Injective has increased by 0.58% and has a circulating supply of 93.40 million.

Injective Prediction Statistics Data:

• Injective price now – $23.64
• Injective market cap – $2.2 billion
• Injective circulating supply – 93.4 million
• Injective total supply – 100 million
• Injective Coinmarketcap ranking – #42

INJ/USD Market

Key Levels:

Resistance levels: $35.0, $37.0, $39.0

Support levels: $13.0, $11.0, $9.0

INJ/USD is currently exchanging hands at $23.64 after touching the daily high of $24.0 and consolidating within the 9-day and 21-day moving averages. Meanwhile, the market price may need to cross above the 21-day moving average for the long-term technical picture of the coin.

Injective Price Prediction: INJ/USD Ready for the Upside

The Injective price regains back above the 9-day moving average as any bearish movement toward the south may bring the coin under the lower boundary of the channel; this could later hit the support levels at $13.0, $11.0, and $9.0. On the upside, a sustained bullish movement above the 21-day moving average may create more strength for the coin, which could push the Injective price to the resistance levels of $35.0, $37.0, and $39.0 respectively.

At the moment, the 9-day moving average is likely to cross above the 21-day moving average, which indicates that the market may go bullishly. Looking at the daily chart, there may be a need for support to be formed around $23.0 and $21.0 to provide tight protection which could allow the buyers to concentrate on stirring action to the north.

INJ/BTC May Consolidate

Against Bitcoin, the Injective price may head upward to touch the daily high at 4000 SAT if the bulls increase the buying pressure. However, if the coin heads toward the upper boundary of the channel, it could hit another resistance level of 4200 SAT while the 9-day MA crosses above the 21-day MA.

However, if the bulls succeed in breaking to the upside, the INJ price may hit the potential resistance level at 4700 SAT and above. On the contrary, any bearish move toward the lower boundary of the channel could bring the price to the support level of 2900 SAT and below.

Meanwhile, @PayneResidence shared with his over 21k followers on X (formerly Twitter) that $INJ has been following a specific pattern, and we’re currently in the correction phase. He plans to accumulate more $INJ during this correction, anticipating a strong rebound in July. He expects some sideways movement in August before a surge towards the all-time high (ATH) in September. He believes #INJ is one of the best charts available.

$INJ$INJ so far following this path, currently we are on the correction part.

I will add more $INJ on this correction, expecting strong bounce in July.

A bit more sideways in August and pump towards the ATH in September.#INJ is one of the best charts out there.#Injective https://t.co/QhBRSDIt6e pic.twitter.com/TLULN9pbyJ

— Aqua (@PayneResidence) June 30, 2024

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