$INJ is in focus because the first US staked INJ ETF, Canary's INJC, started trading on Nasdaq on Nov 5, with at least 90% of its INJ planned for staking. 📈
INJ is holding near $8.3, about 22% above its $6.8 low earlier this week, while BTC barely moved around $76K. But I don't fully trust it yet. INJC traded only 2,933 shares on day one, while Canary's XRP ETF did about $58M on its debut.
I'm leaning bullish if buyers defend $8.1, which flipped from resistance to support. Sellers keep rejecting $8.5. If $8.1 holds, I'm watching $8.6 next. A 4h close below $7.8 would break my read.
Will INJC pull in real inflows beyond the Injective Foundation's $15M seed? 🤔
#Injective #INJ #ETF
The pump is easy to see. The reason and the next move are not. Follow for both.
INJ is holding near $8.3, about 22% above its $6.8 low earlier this week, while BTC barely moved around $76K. But I don't fully trust it yet. INJC traded only 2,933 shares on day one, while Canary's XRP ETF did about $58M on its debut.
I'm leaning bullish if buyers defend $8.1, which flipped from resistance to support. Sellers keep rejecting $8.5. If $8.1 holds, I'm watching $8.6 next. A 4h close below $7.8 would break my read.
Will INJC pull in real inflows beyond the Injective Foundation's $15M seed? 🤔
#Injective #INJ #ETF
The pump is easy to see. The reason and the next move are not. Follow for both.
