Inj
INJ | ALTCOINS | Bottom Likely CLOSEIn the previous cycle, INJ made a near full retracement after the bullish cycle.
This would put us round here, to which we are already fairly close:
To make it a little easier to reference, I'll use the Elliot wave tool (although these are not Elliot waves).
In short, the bottom is likely very close for INJ - but accumulation / sideways phase may take another while.
_______________________
BINANCE:INJUSDT
Breaking: Injective Protocol ($INJ) Set For a Comeback The first and only blockchain built for finance that is open, interoperable layer-one blockchain powering next-generation finance applications, including DeFi, RWAs, AI, decentralized exchanges, prediction markets, lending protocols, and more, is set for a comeback with a speculated 140% surge in sight.
Weeks after Breaking down from a rising wedge which is a bearish pattern, CRYPTOCAP:INJ has shown signs of a reversal. With the Relative Strength Index (RSI) already oversold at 28 CRYPTOCAP:INJ is gearing up for a massive comeback with the All-time high of $52.75 a move to the $19 pivot point could spark the resurgence to the recent ATH attained.
Similarly, with growing momentum and the asset trading below key moving averages (MA) CRYPTOCAP:INJ is currently up by 3.41%. The Injective Protocol is becoming an asset worth watching.
Injective Price Live Data
The live Injective price today is $8.77 USD with a 24-hour trading volume of $166,682,991 USD. Injective is down 7.91% in the last 24 hours, with a live market cap of $867,892,886 USD. It has a circulating supply of 98,970,935 INJ coins and the max. supply is not available.
$INJ next support is at $8.45I don’t have good news.
I remember buying CRYPTOCAP:INJ last June and selling it at a loss in December. Looking back, I’m glad I did—if I had held, my losses would now be over 80%, which is catastrophic.
I’ve spent some time in the Dojo Trading Telegram chat, talking with some great people. No doubt, there are real believers and long-time holders there. I feel for them, seeing how bad things are going now.
📉 The chart shows the next support at $8.5—I can’t believe I’m writing this, but it is what it is. Hopefully, that will be the bottom.
In another idea (check my profile), I predicted a bearish crypto market until May 2025, followed by two months of relief with a pump and a mini altseason.
That said, nothing is certain in this toxic environment filled with war tensions, tariffs, and a looming recession.
I’m sticking to my view that May and June will be bullish, purely based on indicators and charts.
The dump is global. A few new coins are hyped for a couple of weeks, but the entire crypto market has been bleeding since June 2024. The brief relief in December? Completely erased—and worse.
Prepare for the worst. The storm will end in May. Go fishing, touch some grass. CRYPTOCAP:INJ and NASDAQ:ATOM are solid projects, but right now, only whale stakers are profiting, while retail investors are getting slaughtered.
DYOR.
INJ Price Analysis: Key Zones & Reversal ScenariosHey everyone! 👋
Let's dive into this price chart and see what’s going on with INJ.
Overview:
We’re looking at INJ on a weekly timeframe , and there are some interesting levels to watch. The chart shows **three key zones** where price reactions might happen, marked with price levels. There are also areas of liquidity (LQ) , where the market might make a move before reversing direction.
Potential Reversal Scenarios:
Three possible price movements are shown with yellow arrows , each representing a different way the price might reverse. The second arrow is the primary scenario, suggesting that after sweeping at least one liquidity level, the price could bounce back up—especially if there’s solid volume and a strong candlestick pattern.
- Main Support Zone (3.84 - 4.84): This area is the most important. If the price reaches this zone and shows good volume and a strong candlestick pattern, it could signal a trend change.
- Other Support Zones (2.55 - 2.85 and 7.38 - 8.92): These are additional key levels. A drop below these could change the outlook.
Take Profit (TP) Targets:
TP levels are marked on the chart. If the price reverses as expected, these targets may be reached.
Final Thoughts:
Nothing in crypto is guaranteed! Always look for confirmations like volume and candlestick patterns before making decisions. Stay informed, trade smart, and always do your own research! 📊💡
INJ Long OpportunityMarket Context:
INJ has retraced into a strong support zone, presenting a high-probability long trade for a potential rebound.
Primary Trade Setup:
Entry: $13.00 - $12.00
Take Profit Targets:
$16.00
$18.00
Stop Loss: Below $11.30
Secondary Trade Setup (Deeper Support):
Entry: $10.00 - $9.50
Take Profit: Adjust based on price action
Stop Loss: Below $9.00
This setup targets a bounce from major support, with the potential for a stronger rally if bullish momentum returns. 🚀
inj short midterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
INJUSD time to buy!!! Not so fastINJUSD Daily says we are going to the $10.66 fib support level
Im currently seeing the $13.77 area as a resistance and another resistance level at 14.77. there is a 30% downside move so i would be patient for an entry or definatly keep a stop loss on the books so you are not exposing yourself to the risks of the downside move.
inj sell limit"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
The failure of the POS (Proof of Stake) mechanismHave you noticed that many altcoin projects older than three years are bleeding to death? The total market cap of altcoins is also declining significantly.
One possible reason for this could be the failure of the Proof of Stake (PoS) mechanism.
Bitcoin was created with a deflationary system called Proof of Work (PoW), which ensures that the number of coins generated decreases over time, creating scarcity and a deflationary economy. The rewards are fixed through a public mathematical formula, allowing future supply to be anticipated. The reduction in the number of coins mined daily is called the halving, which occurs every four years for Bitcoin.
However, over the last four years, leftist and democratic political forces pushed the crypto industry to adopt a less energy-intensive system. This led to the creation of the PoS mechanism.
How PoS Works
Proof of Stake generates rewards based on the amount of cryptocurrency staked. The percentage of rewards allocated each month is determined by governance votes, which are controlled by individuals or entities meeting a certain staking threshold. This system eliminates the need for computational power to mint new coins and encourages holders to stake their tokens rather than sell them on the market.
Today, most of the top 100 Layer-1 blockchains rely on PoS. For example, the entire Cosmos ( NASDAQ:ATOM ) ecosystem uses PoS, as do projects like CRYPTOCAP:INJ , LSE:TIA , NYSE:FET , NYSE:SEI , and even $ETH.
The Problem with PoS
Unfortunately, this technology is showing its limitations, and as a result, many PoS-powered blockchains are struggling.
Key Issues:
Inflationary Nature:
PoS systems are inherently inflationary. As the number of staked tokens increases over time, the staking rewards also grow. Unlike PoW systems like Bitcoin, which create scarcity through halving events, PoS fails to do so, resulting in the opposite effect—oversupply.
Self-serving Governance:
Staking rewards are determined by governance votes cast by those who hold and stake the tokens. These participants have little incentive to vote for lower rewards, as it would reduce their income. This creates a system where whales and early adopters accumulate large amounts of tokens, benefiting from monthly rewards and becoming "retired" contributors to the ecosystem.
Bad for Retail Investors:
Retail investors suffer the most under PoS systems. The total supply of tokens increases logarithmically over time, causing the price of the coin to decline. Initially, the excitement around the project’s growth may offset this inflation, especially during the early stages of token generation events (TGEs) and favorable tokenomics. However, as staking rewards continue to mint new tokens, platforms like CoinMarketCap and CoinGecko fail to account for the rising supply, leading to hidden inflation.
Why These Projects Are Bleeding
This inflationary pressure, regardless of a project’s quality, is why many PoS projects are in decline. Holding these tokens long-term is a disastrous decision for retail investors. They are unknowingly holding coins that suffer from far higher inflation than is visible, creating a deceptive and exploitative system that slowly drains value from their holdings.
The Solution
The solution to this problem would be to remove governance-based reward decisions and implement a fixed annual reduction in staking APY (Annual Percentage Yield), similar to Bitcoin's halving mechanism. This would ensure that the supply is predictable, and coin generation becomes deflationary over time.
The Current Reality
Unfortunately, many PoS projects appear content to continue bleeding value from their coins. As a result, it’s advisable not to hold PoS projects for more than three years. The older the project, the more inflationary the PoS system becomes.
#INJ/USDT#INJ
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it upwards strongly, and retest it
We have a rebound from the lower limit of the descending channel, this support is at a price of 12.
We have a downtrend on the RSI indicator that is about to break and retest, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 14.60
First target 15.57
Second target 16.77
Third target 18.22
Alikze »» INJ | Bullish Diamond Pattern - 1D🔍 Technical analysis: Bullish Diamond Pattern on Daily Timeframe, Sideway Price Movement
📣 BINANCE:INJUSDT In the analysis presented in the 12-hour timeframe , it was noted that the INJ currency is moving in an ascending channel.
🟢 After reaching the $25 area, the price corrected, which extended to the green box area, and then in the green box area, with demand, the price advanced to the supply area.
🟢 Currently, in the daily timeframe, the price corrected with a zigzag correction to the Fibonacci 1.618 area after reaching the supply area and the ceiling of the ascending channel.
💎 After that, the price had a sideways movement and has now formed an ascending diamond pattern.
💎 Therefore, we expect the price to continue its growth again in accordance with the movement path to the supply area before the $35 area.
🔔It should also be noted that if the price breaks the Fibonacci 1.618 area, the bullish scenario will be invalid and must be reviewed and updated again.
»»»«««»»»«««»»»«««
Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future.
Thanks for your continued support.🙏
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
inj midterm buy"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
INJ at Critical Confluence Zone – Bullish Breakout Ahead?Injective Protocol (INJ) is trading at a key confluence zone, supported by the resistance-turned-support area and a rising trendline. A breakout above the red resistance line could spark a strong bullish rally.
As long as the price holds above the support, the trend remains bullish.