Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Wall Street Analysts Weigh in on Latest NFP Data 
FxWirePro- Major Crypto levels and bias summary 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Urban studies: Doing research when every city is different 
Injective is an open, interpolable layer one blockchain for building powerful DeFi applications. It is built using Cosmos SDK and uses Tendermint proof-of-stake.
Tendermint Proof-of-stake
It achieves instant finality. Tendermint PoS offers a high degree of security, accountability, and speed. Validators are selected based on the INJ token they have staked and their overall reputation.
Main features of Injective
Current TPS- 25000
Block time-< 0.80 seconds
Average fees per transaction-$0.0002
Time to finality -Instant
INJUSD hits an all-time high due to high social media activity and heavy volumes. The strategic partnership with Google and weekly INJ token burn pushed the pair higher. The Injection team announced that over $65000 worth of $INJ was burned. It hit a high of $28.46 yesterday and is currently trading around $24.52. The pair holds above the short-term (21 and 55-day EMA) and long-term moving average (200-day EMA).
The near-term resistance is around $30, any indicative breach above will take the pair to $37/$43/$50.On the lower side, immediate support is $18, and any violation below targets $14/$10.
Indicators (Daily chart)
CCI(50)- Bullish
Directional movement index - Bullish
It is good to buy on dips around $18 with SL around $13 for TP of $37/$43.
