INJ has conquered the $8 zone and is moving to the $11 and $17 zone this August. But if it loses the $8 zone, it will fall back to the 6.5$ zone

🔴Buy : 7.8-8.2$. SL if B 🔴Buy : 10.7-11.3$ if A. SL if B
🔴Sell : 10.7-11.3$. SL if A 🔴Sell : 16.6-17.4$. SL if A
🔵Sell : 7.8-8.2$ if B. SL if A 🔵Buy : 6.35-6.65$. SL if B
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • Injective Protocol is a universal Decentralized Finance (DeFi) protocol for cross-chain derivatives trading across a plethora of financial products such as perpetual swaps, futures, and spot trading.
  • The Injective Chain is implemented as a Cosmos SDK module, built with Ethermint   (EVM on Tendermint). It utilizes a Tendermint-based Proof-of-Stake to facilitate cross chain derivatives trading across Cosmos, Ethereum, and many other layer-1 protocols.
  • Injective Protocol is collision resistant and utilizes Verifiable Delay Function (VDF) to prevent front-running.
  • INJ is the native asset of Injective Protocol and is used across a diverse range of functions such as:
    • Protocol governance
    • Exchange fee value capture
    • Derivative collateralization
    • Liquidity mining
    • Staking
  • The Injective platform enable users to:
    • Take part in decentralized cross-chain derivatives trading with zero gas fees.
    • Access cross-chain yield generation for a multitude of assets.
    • Create and trade on any derivative market with only a price feed, thereby opening up more opportunities for trading on markets not found on other exchanges.