Injective Protocol Price Analysis: Will INJ Break Consolidation

Injective Protocol Price Analysis: Will INJ Break Consolidation
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The Injective Protocol price is trading above the key moving averages, showcasing that the trend is still bullish.
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INJ’s price is currently trading in between the price range of $45.00 to $30.00.
The Injective Protocol price is currently trading between $45.00 to $30.00, while staying above the key moving averages, indicating a bullish trend.
TradingView data shows that Injective Protocol’s crypto price is trading at $39.023 with an intraday gain of 2.64%, indicating a bullish trend. The 24-hour trading volume stood at $422.50 Million, and the market capitalization stood at $3.61 Billion.
Technical Analysis Of Injective Protocol Crypto On Daily Time Frame

Source: Tradingview
At the time of publishing, Injective Protocol crypto (USD: INJ) is trading above the 50 and 200-Day EMAs (exponential moving averages), which are supporting the price trend. 
The current value of RSI is 51.55 points. The 14 SMA is above the median line at 55.46

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