Injective (INJ) is showing signs of stabilization, forming a falling wedge pattern on its daily chart with prices hovering around $5.64. This comes after a prolonged decline over several months. The technical pattern suggests a potential trend reversal if the price breaks above the wedge's upper boundary.
In a move to enhance accessibility, fintech giant Revolut has listed INJ on its platform, offering zero-fee staking to its 60 million users. This development is expected to boost retail and institutional interest in Injective, potentially influencing its market dynamics.
Injective's Price Stabilizes Amid Falling Wedge Formation and Revolut Listing
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