Summary
TLDR: Injective (INJ) price dynamics show that 83% of active holders are at break-even, hinting at a potential price rebound. Active addresses have recently increased after a dip, signaling possible upward momentum. Despite a recent price correction, optimism among holders and increased active addresses suggest a positive outlook for INJ’s price.
Key Points
1. The Injective (INJ) price dynamics show that 83% of active holders are at break-even, indicating they are waiting for a price rebound. INJ’s active addresses have also increased recently after a dip in late March.
2. The EMA lines suggest a solid consolidation pattern following a 14.62% correction last month, hinting at a potential upward trajectory for INJ as the market stabilizes and investors remain hopeful.
3. The recent growth in daily active addresses for INJ is a positive signal, indicating a revitalization of user engagement and interest in the network. This resurgence could potentially stimulate demand for INJ, supporting a recovery in its price and improving overall market sentiment.