Bithumb Halts INJ Deposits and Withdrawals for Mainnet Upgrade
- Suspension Timeline: Bithumb has announced a halt on INJ token deposits and withdrawals starting June 4 at 9:30 a.m. UTC, with no specified end time, as similar suspensions typically last until the upgrade is completed and network stability is confirmed.
- Upgrade Context: The mainnet upgrade is a routine maintenance event for the Injective blockchain network aimed at introducing new features, enhancing scalability, or patching security vulnerabilities, although specific patch notes have yet to be released.
- User Impact: INJ holders are advised to complete any pending transactions before the cutoff time, as deposits and withdrawals will not be processed during the suspension, while trading may continue depending on Bithumb's internal policies, necessitating users to check the exchange's status page for real-time updates.
- Standard Operational Measure: Bithumb's temporary suspension is a standard operational measure linked to the Injective mainnet upgrade, and while the interruption may be brief, users should plan accordingly to avoid inconvenience.
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Technical Analysis for INJ
Technical Sentiment Analysis for Injective (INJ). As of , Injective (INJ) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for INJ stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, INJ is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Injective (INJ) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 3.575 | 4.178 | 4.722 | 5.325 | 5.869 | 6.472 | 7.016 |
| Fibonacci | 4.178 | 4.616 | 4.887 | 5.325 | 5.763 | 6.034 | 6.472 |
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