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Injective (INJ) gains 30% in a week as golden cross hints at more upside

Injective (INJ) saw a 30% value increase within a week, with a 14% boost in just the last 24 hours. This strong price action is supported by an overbought RSI at 80.6 and an upward climbing BBTrend, indicating strong bullish momentum since January 4. These technical indicators suggest investor confidence and potential for further increases.

Potential resistance levels for INJ are set at 26.5 USD, 29.4 USD, and 35.2 USD, representing a 36.4% upside from current price levels. On the downside, support levels are noted at 23.98 USD and 19.7 USD, where failure to maintain these could result in price declines. The formation of a golden cross in the approaching EMA lines could further enhance the buying interest.

This is community-generated content, not advice from ONUS.
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