Injective (INJ) is poised for a potential recovery, with its price needing to rise from $28 to $35 to reclaim recent losses. Key indicators like the MACD show a bullish crossover, suggesting positive momentum. Additionally, a decline in active deposits indicates that investors prefer holding rather than selling, contributing to a supportive market environment. The analysis suggests that if INJ breaches the $30 resistance, it could initiate a recovery rally towards $35.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.