Injective is a finance-focused blockchain that serves as a foundational layer for advanced DeFi
applications, such as decentralized exchanges for trading spot and derivatives, lending
protocols, prediction markets, and others. What sets Injective apart is its ability to offer robust
financial infrastructure primitives that enable applications to operate more effectively.
INJ token is ranked #72 with a market capitalization of nearly $611 million. The current market
price of the token is $7.62 USDT
The INJ/USDT trend had formed a distinctive double bottom pattern on the weekly time-frame. It
has now broken out of the consolidation phase with a good buildup of volume. An immediate
support is expected at 6.4 USDT and next resistance is expected at 10 USDT.
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