{"id":13919,"date":"2021-10-21T11:42:50","date_gmt":"2021-10-21T06:12:50","guid":{"rendered":"https:\/\/zebpay.com\/?p=13919"},"modified":"2021-10-21T11:42:50","modified_gmt":"2021-10-21T06:12:50","slug":"altcoin-thursday-inj","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/altcoin-thursday-inj","title":{"rendered":"Altcoin Thursday: INJ"},"content":{"rendered":"\n

21 October\u00a0 2021 | ZebPay Trade-Desk<\/strong>
Injective<\/a> provides access to unlimited decentralized finance markets. Users can create any financial market on Injective\u2019s fast, cross-chain, zero gas fee, secure, and fully decentralized exchange protocol. The Injective Chain is built as an Ethereum-compatible network, that enables DeFi applications that reach instant finality, sub 2 second block times, and lightning-fast transaction speeds (10,000+ TPS).
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INJ last month witnessed a sharp fall from $16.64 to $7.89 and plunged almost by 52.5%. Post this move the asset made a \u2018Bullish Engulfing\u2019 pattern and has rallied almost by 82% by making the recent high of $14.4. Currently, INJ is trading in a \u2018Rising Channel\u2019 where the price action is contained between upward sloping parallel lines. If the breakout or close occurs above the channel with good volumes then we can expect the prices to further rally up to $16.65 and if the asset breaks the support line of the wedge then the prices may slide to the next support level which is at $9.93.
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Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td>Resistance 1<\/strong><\/td>Resistance 2<\/strong><\/td><\/tr>
$9.95<\/td>$11.20<\/td>INJ<\/strong><\/td>$14.75<\/td>$16.65<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Disclaimer: Investments in cryptocurrencies viz. Bitcoin<\/a>, Bitcoin Cash<\/a>, Ethereum<\/a>, etc. are very speculative and are subject to market risks. The analysis by Author is for informational purposes only and should not be treated as investment advice.<\/p>\n","protected":false},"excerpt":{"rendered":"

21 October\u00a0 2021 | ZebPay Trade-DeskInjective provides access to unlimited decentralized finance markets. Users can create any financial market on Injective\u2019s fast, cross-chain, zero gas fee, secure, and fully decentralized exchange protocol. The Injective Chain is built as an Ethereum-compatible network, that enables DeFi applications that reach instant finality, sub 2 second block times, and […]<\/p>\n","protected":false},"author":1,"featured_media":11542,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[69],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/13919"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=13919"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/13919\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/11542"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=13919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=13919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=13919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}