The recent rise in price of Injective (INJ) has been attributed to the exciting word that NFT financialization is coming to the Injective ecosystem. After falling to an intra-week low of $6.46 in the 24 hours preceding the announcement, bullish investors drove the price up to an intra-day high of $7.24, increasing market capitalization and 24-hour trading volume by 9.06% and 41.15%, respectively, to $579,602,154 and $134,061,491.

As of press time, the immediate resistance is at the 24-hour high of $7.24, with the potential for greater price growth due to the technical indicators. The Relative Strength Index score of 57.53 provides assurance that the bullish momentum exceeds the bearish momentum, but it isn’t yet overbought. The Fisher Transform score of 2.36 predicts a lengthy bullish run, with a Money Flow Index score of 51.27 adding to the “buy” suggestion by indicating that buying pressure is greater than selling pressure. Lastly, the Rate of Change at 7.59 indicates that the growth momentum is likely to continue, making now a potentially exciting time to add INJ tokens to the portfolio.

In short, the announcement of NFT financialization in the Injective ecosystem has driven the token's price higher with bullish investors looking to take advantage of this trend, with positive indicators further supporting this growth. While always being mindful of the risks involved, traders are encouraged to take advantage of this potential investment opportunity and capitalize on the trends.



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