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Will INJ and AAVE Navigate Market Volatility to Emerge as Top Performers?

Published 02/17/2024, 07:00 AM
Updated 02/17/2024, 07:15 AM
Will INJ and AAVE Navigate Market Volatility to Emerge as Top Performers?

  • INJ sees a slight uptick, now at $34.61, hinting at a bullish reversal amidst $254M trading activity.
  • Injective Protocol’s gas-free cross-chain trading fuels popularity, with market cap soaring over $3.2B.
  • AAVE eyes the $100 mark after a 0.44% increase, signaling substantial accumulation and potential breakout.

The bearish channel formation of the Injective Protocol (INJ) has been observed recently, attracting the attention of many investors and analysts. At the purchasing price of $34.61, the protocol has had a slight upward trend of 0.97% for the past 24 hours.

INJ/USD 24-hour price chart (source: CoinStats)

If the bullish surge breaks through the intra-day high of $35.87, the next resistance level to watch out for is around $38.50. However, if the bearish momentum persists, the price could return to the $32.00 support level. However, the community expects a bullish reversal, considering the robust framework of INJ and its ability to aid in decentralized finance (DeFi) transactions.

INJ Market Dynamics

INJ’s trading activity has been massive in the past day, getting well above $254 million. This is a strong interest and activity around the asset…

The post Will INJ and AAVE Navigate Market Volatility to Emerge as Top Performers? appeared first on Coin Edition.

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