đ $INJ Rallies +24% with Rising Open Interest
INJUSDT Perpetual is up strongly, and the derivatives data shows fresh money entering the move.
đ Market
- Pair: INJUSDT Perpetual
- Last Price: $9.109
- 24h Change: +24.19%
- 24h High / Low: $9.334 / $7.057
- 24h Volume: 23.73M INJ (196.27M USDT)
- 7D / 30D / 90D: +37.74% / +64.39% / +79.03%
đ Price Analysis
INJ rallied from $7.057 to a high of $9.334 with a series of strong green candles on the 1h chart. The last candle is red with an upper wick near the high, which shows some profit-booking at the top. The higher-timeframe trend is still strongly bullish.
đ Derivatives Data
- Open Interest rose from about 3.8M to 4.15M INJ over the last 2.5 hours. The notional value rose from about $32.8M to $38M.
- Rising OI with rising price means new positions are entering, which supports the trend.
- Top Trader Long/Short ratio (accounts) fell from about 1.9 to about 1.4, but longs are still the majority at roughly 58%.
- The order book is slightly ask-heavy (46% bid vs 54% ask), so there is mild selling pressure near the top.
đŻ Key Levels
- Resistance: $9.334 (24h high), then $9.448
- Support: $8.947, then $8.446
- A 1h close above $9.334 can open more upside
- A drop below $8.947 would signal a deeper pullback
â ïž After a +24% move with rising leverage, volatility and liquidation wicks are likely. Use a stop-loss and manage your position size.
â ïž This is for information only, not financial advice. Crypto trading carries high risk, so always do your own research (DYOR).
#INJ #INJUSDT #BinanceSquare #futures #cryptotrading
INJUSDT Perpetual is up strongly, and the derivatives data shows fresh money entering the move.
đ Market
- Pair: INJUSDT Perpetual
- Last Price: $9.109
- 24h Change: +24.19%
- 24h High / Low: $9.334 / $7.057
- 24h Volume: 23.73M INJ (196.27M USDT)
- 7D / 30D / 90D: +37.74% / +64.39% / +79.03%
đ Price Analysis
INJ rallied from $7.057 to a high of $9.334 with a series of strong green candles on the 1h chart. The last candle is red with an upper wick near the high, which shows some profit-booking at the top. The higher-timeframe trend is still strongly bullish.
đ Derivatives Data
- Open Interest rose from about 3.8M to 4.15M INJ over the last 2.5 hours. The notional value rose from about $32.8M to $38M.
- Rising OI with rising price means new positions are entering, which supports the trend.
- Top Trader Long/Short ratio (accounts) fell from about 1.9 to about 1.4, but longs are still the majority at roughly 58%.
- The order book is slightly ask-heavy (46% bid vs 54% ask), so there is mild selling pressure near the top.
đŻ Key Levels
- Resistance: $9.334 (24h high), then $9.448
- Support: $8.947, then $8.446
- A 1h close above $9.334 can open more upside
- A drop below $8.947 would signal a deeper pullback
â ïž After a +24% move with rising leverage, volatility and liquidation wicks are likely. Use a stop-loss and manage your position size.
â ïž This is for information only, not financial advice. Crypto trading carries high risk, so always do your own research (DYOR).
#INJ #INJUSDT #BinanceSquare #futures #cryptotrading