Injective (INJ), a money system without a central control, has been getting a lot of attention in digital money circles as its very own coin, INJ, hit a new record of $48. This special event happened when it moved out of a flat way it had been stuck in for many days, helped by a specific group of big investors – the whales.

Big investors who own between 100,000 to 1 million INJ have been working hard to get more of the token, increasing their stash from 9.34 million INJ to 9.67 million INJ just in the last week. This increase has powered up the price and caused the recent jump.

Regular investors have also joined in to push the price up, though in a different way. Rather than collecting more, they have chosen to hold on to their INJ, shown by the low number of active deposits on trading platforms. This behavior hints that investors are not looking to sell their assets now, maybe because they expect the price to rise more.

INJ's price has now passed the price barrier of $45 and is now trading at $48. As the digital coin hopes to hit $50 as an important support level, turning this level into a support could keep the increase going, driven by the fear of missing out among regular investors.

But if INJ goes down as a correction from the recent jump, dropping back to $45 seems probable. Losing this support would cancel out the hopeful scenario and bring the digital coin back into a wait-and-see period.

Indicators, like the MACD (Moving Average Convergence Divergence), show a steady drop in the histogram, signaling more selling pressure on the market. The averages also show a negative curve, indicating a possible fall in INJ's price in the near future.

Even though there might be a chance of prices falling, the recent top record set by Injective has caught the attention of investors. If the buyers switch the trend to an upward one, the INJ cost could test its resistive line of $52.21 this week and maybe reach a top resistance mark of $56 in the upcoming weekend.

While digital money evolves, watchers are closely monitoring Injective's progress, waiting to see what happens in the next few weeks.