Injective (INJ) has broken a key chart pattern, signaling a potential shift into an uptrend. The token’s price rose over 5% to $3.20, approaching a critical resistance level of $3.38. Activity has increased alongside developments within the Injective ecosystem, particularly the promoted Injective Hub platform for user engagement.
The cryptocurrency Injective (INJ) has broken away from a significant chart formation, indicating a potential short-term reversal into an uptrend. Analyst CryptoPulse stated that the token’s momentum remains active as it approaches a critical resistance zone.
At the time of reporting, INJ was trading at $3.20, a 5.25% increase over 24 hours. Data from CoinMarketCap showed a daily trading volume of $54.91 million and a market capitalization of $316.64 million. CryptoPulse highlighted the nearest resistance at the $3.38 price level.
The Injective team continues to build awareness of its ecosystem tools suite. In a recent post, the project described the Injective Hub as a gateway to integrated on-chain services.
The platform allows users to delegate INJ tokens and participate in the Injective Community Buyback Program. This unified interface is geared toward increasing active involvement within the network. The project seeks to make community participation easier for users.
Market focus now shifts to whether INJ can sustain its move and test nearby resistance levels. A sustained move above $3.38 may enable further upward movement for the token. If it fails, the token may see consolidation in the near term.
Price activity and ecosystem updates continue to keep the project in the spotlight. Investors are observing developments as they look to affirm a stronger trend in the broader cryptocurrency space.
