Injective (native token INJ) is a blockchain platform for executing smart contracts and launching DeFi applications. It’s a revolutionary idea, one of whose main goals is to make exchanges fully decentralized public networks. A powerful ecosystem (a platform for creating dApps, DEX exchange, DeFi platform for staking, DAO) that is constantly evolving. The project was launched on 💰Binance Launchpad in 2020.
Investors in Injective include: top-1 platform Binance, QCP Soteria, Axia8 Ventures, Pantera Capital BH Digital, and others.
Technically, the asset has been moving in a parallel descending channel for almost 2 months. Recently, a bullish flag was formed, followed by a predictable upward breakout with a subsequent retest of the upper channel boundary, giving us a great opportunity to pick up the coin.
The nearest growth target of 43-45$ is also the most important resistance; breaking through it would direct the price towards 50$+. Due to such favorable conditions on the chart, as well as a strong fundamental component, INJ could delight us with excellent growth🚀 in the very near future.
Don’t forget about stops: a return to the channel boundaries with a firm close below 36$ = cancellation of the growth scenario.