INJ Price Prediction: The Current Uptrend is Not Strong Enough

在过去的一周中，Injective 的代币 INJ 的价格上涨了近 10%。虽然价格上涨可能表明市场

INJ price analysis reveals that a recent price rally has been driven by speculative buying activity and shows signs of overvaluation. Despite the 9% price increase, bearish pressure remains dominant.

INJ price analysis: key technical points
INJ price increased by approximately 10 percent last week.
INJ's evaluation of the Price-Daily Active Address (DAA) Divergence metric shows that the altcoin price has increased It shows that the recent increase may be short-lived. This metric compares an asset's price movements with changes in the daily number of active addresses. Traders use this to monitor whether price movements are supported by relevant network activity. At press time, INJ's Price-DAA Divergence is 154.52 percent. This shows that the coin price has increased significantly compared to the growth in daily active addresses. There is a 154.52 percent difference between the altcoin price and the change in daily active addresses.
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When this metric increases like this, the price of the asset has a corresponding increase in the number of daily active addresses. It shows that it is rising without . It indicates that the increase in asset price is due to speculative buying or potential overvaluation. At this point, traders are known to start taking profits.
INJ's Market Value to Realized Value (MVRV) ratio confirmed that the coin's price may be overvalued. As of this writing, its metric is 128.71 percent. This metric measures the ratio between the current market price of an asset and the average price at which all coins or tokens were purchased. When its value is above one, the current market value of an asset is significantly above the price at which most investors purchased the shares. At this level, it is considered overvalued and most traders sell for profit.
INJ Price Forecast: Current Uptrend Is Not Strong Enough
INJ price managed to post a 9 percent increase last week, but the market appears to be dominated by bears. For example, Directional Movement Index (DMI) readings confirm this. This indicator measures the trend strength of an asset. At press time, INJ's negative index (red) at 29.40 is above the positive index (blue) at 19.83. When an asset's DMI is set this way, it is a bearish signal indicating that selling pressure has exceeded demand for the asset.
INJ's Aroon Upward Line is at 0, indicating that the current uptrend is weakening. This indicator measures the trend strength of an asset and identifies possible price reversal points. When the Aroon Upline approaches zero, the uptrend is weak and the last high price was reached long ago.
After the speculative buying stops, INJ will lose all its gains and will trade at $19.67. However, if the current trend continues and the real demand for the coin price increases, it may rise to $0.22.

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