Posted 3/12/2024, 4:00:00 PM
Injective Price Hits New High as Whales and Retail Investors Boost Accumulation
- Injective (INJ) price hit a new all-time high this month thanks to whale accumulation
- Whales holding 100k to 1M INJ grew their holdings from 9.34M to 9.67M INJ recently
- Retail investors also supported price by refraining from selling, seen in 3-month low exchange deposits
- INJ broke out of $45-$30 resistance zone to hit $48
- If INJ loses $45 support after correction, bullish thesis would be invalidated
