Cryptocurrency Injective (INJ) has seen its sentiment and social activity rise significantly in the past days. Data from blockchain analytics firm, Santiment suggest this increase in positivity and volume of social mentions. However, some crypto traders caution that this could potentially indicate that Injective's price has reached its peak. Despite a positive trend line forming on INJ's daily chart with the price printing higher lows over the past three weeks, and breaking past resistance at $5.211 on Monday, the daily RSI suggests that the crypto’s price will go down in the next 24-48 hours. It is likely that INJ’s price would first drop to the support level at $5.211, before potentially falling further to $4.457. Investors and traders are thereby advised to exercise caution and practice risk management when dealing with INJ.
Gabriel Gray
- 2023-04-05
Is Crypto Injective's Price At Its Peak?
Crypto Injective (INJ) has seen its sentiment and social activity rise significantly in the past days. Is its price at its peak? Read the article to find out and to learn suggestions on risk management.
