Key Market Data
The current price of INJ / TetherUS (INJ) is 11.12 USDT. It has increased by 1.85% in the last 24 hours. To better understand this movement, it's helpful to also observe which other cryptocurrencies are currently gaining and losing value within the broader market.
Over a wider timeframe, the performance of INJUSDT shows varied results. The weekly performance shows a gain of 4.24%, while the monthly performance indicates a decrease of -6.92%. Looking back over the past year, INJ / TetherUS has seen a decline of -48.26%.
The all-time high for INJ / TetherUS (INJ) was reached on March 14, 2024, when it climbed to 53.00 USDT. Conversely, its all-time low of 0.18 USDT was recorded on October 21, 2020. 👉 View real-time price charts and historical data
Technical Indicators and Market Sentiment
Technical analysis is a crucial tool for navigating the volatile cryptocurrency markets. For INJUSDT, the current technical analysis summary presents a neutral to bearish outlook in the short term.
Oscillators: The current reading for oscillators is Neutral. This suggests a balance between buying and selling pressure at the moment, providing no strong directional bias.
Moving Averages: The signals from moving averages also indicate a Neutral stance. This often implies that the price is trading around its average value over a specific period, awaiting a catalyst for a clearer trend.
The overall summary of these technical indicators for INJUSDT is Neutral. It is always recommended to conduct your own thorough analysis and consider multiple timeframes before making any trading decisions. The estimated volatility level for INJ / TetherUS today is 6.55%, highlighting the inherent risk and potential opportunity in this market.
How to Analyze INJUSDT Effectively
Successful trading involves more than just looking at the current price. Here are key aspects to consider:
- Comparative Analysis: Always contextualize INJ's performance against the broader crypto market. See what other assets are doing to identify sector-wide trends.
- Multi-Timeframe Study: Analyze charts across different timeframes (hourly, daily, weekly) to identify both short-term swings and long-term trends.
- Indicator Convergence: Don't rely on a single indicator. Look for confirmation between different tools like oscillators, moving averages, and volume data.
- Recurring Trends: Historical performance charts can be used to identify seasonal patterns or recurring trends in previous years, though past performance is never a guarantee of future results.
Frequently Asked Questions
What is the best way to buy INJ?
The most secure method to acquire INJ is through a well-known and reputable cryptocurrency exchange. You will need to find a reliable broker, create an account, and complete any necessary verification processes. Some traders prefer to execute their trades directly from advanced charting platforms for a seamless experience.
How reliable is INJUSDT as an investment?
INJ / TetherUS (INJ) carries a risk profile similar to other cryptocurrency assets. This segment of the global market is known for its high volatility. This means you should be well-prepared and analyze all available information, including technical ratings and market news, before making any investment decision.
Where can I discuss INJ trading strategies?
You can engage with a community of traders by joining public chats and forums dedicated to market discussion. Many platforms host sections where users share trading ideas, analysis, and market commentary, which can provide valuable insights and different perspectives.
What does a 'Neutral' technical rating mean?
A neutral technical rating suggests that the signals from various indicators are mixed and do not strongly favour either buying or selling. It often indicates a period of consolidation or indecision in the market, where the price may be poised for a breakout in either direction.
How can I track overall cryptocurrency market movements?
Using a cryptocurrency heat map is an excellent way to visually track the performance of a wide array of digital assets simultaneously. These tools color-code assets based on their price changes, allowing you to quickly see which are gaining and which are losing value across the market.
Where can I find inspiration for my trading strategy?
Many traders find it helpful to study technical analysis ideas and watchlists curated by other market participants. 👉 Explore more advanced market analysis strategies