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Inj

INJUSDT.1DUpon examining the INJ/USDT daily chart, it becomes apparent that the asset has navigated through varied price ranges, characterized by both surges and declines. Here's a breakdown of the critical elements in my analysis, focusing on the support and resistance levels, along with key technical indicators. Support and Resistance Levels: Support Level 1 (S1) at $14.30, a significant level because it previously acted as both support and resistance, suggesting a strong market reaction if approached again. Resistance Level 1 (R1) at $24.54, where previous attempts to break higher were thwarted, indicating a robust selling area. Resistance Level 2 (R2) at $30.84, marking the high end of the recent price range and a target for any bullish momentum resurgence. Technical Indicators: The MACD (Moving Average Convergence Divergence) is under the zero line and the signal line, indicating bearish momentum. This suggests that there could be more downward pressure in the near term. The RSI (Relative Strength Index) is hovering near the mid-range, around 50. This indicates a relatively balanced market but leans slightly towards bearish conditions given the current price trend below recent highs. Conclusion: From my perspective, the INJ/USDT pair currently exhibits bearish tendencies with the price testing support levels. The critical area to watch is the support at $14.30; a break below this could lead to further declines towards new lows, while a hold could prompt a retest of the upper resistance levels. Given the negative MACD, traders should be wary of potential declines, but also prepared for a bounce if the RSI moves into oversold territory, signaling a possible reversal. This analysis suggests that monitoring these levels for breakouts or bounces, along with broader market sentiment and news affecting INJ, will be crucial for making informed trading decisions. As always, it's recommended to employ stop losses and manage risks appropriately in such volatile environments.
by MarsSignals
Alikze »» INJ | Descending channel🔍 Technical analysis: Descending channel - It is moving in a descending channel in the daily and 12H time frames. - It has faced a complex zigzag correction structure after the end of the last bullish wave that extended around the 2.618 area and the price of $53. - Currently, according to the downward momentum, it is approaching the OB region in the form of a three-wave pattern. - So if the $18.75 range maintains the 1.618 Fibo, it can have an attempt to the $25 range. In addition, in the continuation of it, if it faces selling pressure again, the last log can continue up to the range of the green box and Fibo 100. 💎 Alternative scenario: But if it faces selling pressure in the range of $25 and breaks it, the downward trend will continue in the range of the green box and continue with its failure until the range of 11.36. »»»«««»»»«««»»»««« 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. »»»«««»»»«««»»»««« BINANCE:INJUSDT
Short
by alikze
2
$INJ: Injective why I think that it is the best alt to hodl?CRYPTOCAP:INJ or Injective is my best bet for the end of the bull market. I believe it will exceed expectations and surprise all the meme coin enthusiasts. Here’s why: **Facts:** - Launched in November 2020, the team continues to innovate and push the project forward, more than any other L1 competitor like $AVAX. - The mainnet is stable and has never crashed or experienced downtime, unlike CRYPTOCAP:SOL which has faced multiple issues. - With a total supply of 100,000,000 tokens, 95% of which are already unlocked, there are no more VC unlocks, making it a safe investment. Compared to competitors who still have 20% or more in treasury and can unlock anytime, CRYPTOCAP:INJ is poised for growth. - It has a vast ecosystem, recently integrating with ONDO to support RWA tokenization. It includes everything from memes to NFTs to staking, making it a fully functional L1 blockchain. - It has a real community. Check their Telegram group; there are many genuine people asking questions and no mindless chatter. - Recently, it launched an exchange with 21Share to offer ETFs (yes!). - Last week launched AINJ stacking ETP etc... **So why does this coin only have a $2 billion market cap? What’s the problem?** Remember when Solana was at $5, with a market cap of roughly $4 billion? That’s where CRYPTOCAP:INJ is right now. The project is overshadowed by Solana and Ethereum. For me, buying CRYPTOCAP:INJ now is like buying CRYPTOCAP:SOL at $5 a coin. It's early, and the price is fluctuating as it seeks direction. But when you read the news, you know this project is going to lead. When you see the token supply, you know nothing can stop it once it takes off. It's just a matter of time. **Market rewards patience.** Buying CRYPTOCAP:INJ at a $2 billion market cap is a sure x10 within a year. Try to find an equivalent. Don’t believe the moon boys hyping meme coins; these won't perform well in the long run. They pump and dump but quickly fade due to competition. As soon as they reach a Binance listing, they become practically stagnant, dumping as much as they pump. **The difference between solid projects and others is that projects like CRYPTOCAP:INJ get bigger and bigger, and you can hold them for many years, continually making more money. Other projects have nice pumps, followed by nice dumps, and there’s no reason to hold them long-term.** After studying the project, its social presence, potential, and technology, I forecast that CRYPTOCAP:INJ will be one of the biggest gainers of this bull run. By 2025, its value will exceed $100 and potentially reach $250 or more. The real pump for CRYPTOCAP:INJ will begin once it surpasses the $30 resistance. Then CRYPTOCAP:INJ will start to attract institutional investors, possibly launch ETFs, and the masses will FOMO into it. This is my personal opinion, not financial advice. DYOR as always.
Long
by CryptoNikkoid
6
INJUSDT.1DLooking at the INJ/USDT daily chart, there are several important features and indicators to consider for a comprehensive technical analysis: Current Market Position: The INJ/USDT pair is trading at $24.74, down approximately 4% for the day. The price action over the past few months shows a series of peaks and troughs, suggesting significant volatility. Support and Resistance Levels: S1 (Support 1): The first support level at $22.17 is crucial. This level was previously resistance in early 2024 and has flipped to support. The price has tested this level several times, and it seems to be holding up as a strong base. S2 (Support 2): The second support level at $14.09 is much lower and was last tested in November 2023. This is a significant drop from the current price and would indicate a severe downturn if reached again. R1 (Resistance 1): The nearest resistance at $30.84 is a recent high. Overcoming this level could signify a shift in market sentiment and potential for higher highs. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, indicating bearish momentum. The histogram also reflects this as it is below zero, suggesting the bearish trend might continue unless there's a crossover above the signal line. RSI (Relative Strength Index): The RSI is at 57.98, indicating neither overbought nor oversold conditions. It suggests that there is room for the price to move in either direction without immediate pressure from RSI extremes. Analysis of Price Action: The chart shows a failed attempt to break higher past the $30.84 resistance in mid-July 2024, followed by a decline. The price is currently testing the $22.17 support. The key will be whether this level holds in the coming days or if the price will drop to retest the much lower $14.09 support. Conclusion: As an analyst, I am closely monitoring the $22.17 support. A decisive close below this could lead to further declines, potentially towards $14.09. Conversely, a rebound from this level could see attempts to test and possibly break through the $30.84 resistance. The current market conditions, reflected by the bearish MACD but a relatively neutral RSI, suggest a cautious approach. Traders should consider setting stop-loss orders near the support levels to manage risks effectively. The next few trading sessions will be critical in determining the short to medium-term direction for INJ/USDT.
Long
by MarsSignals
INJUSDT at weekly resistance, likely to pullback before riseWe talked in dec 2023 about a good entry from WS1 if we get that while we were trading around ATH. The price did pull back after pushing a bit higher from there in march 2024 and came back to weekly support WS1 in following months. This support provided a good bounce as we can see and the price is currently trading significantly above from that support level. However, it is currently blocked by weekly resistance WR1 and the price is trading below that resistance. Once the price breaks WR1, it can go beyond MR1 without much of struggle. However, I think it may not be ready to break WR1 yet and may revisit DS1 zone before gaining the strength to move up to break WR1. If the price comes back to DS1, I will long it else on break of WR1.
by angela_altair
INJUSDT 1-Day Chart 2024 best tokenThe red highlighted area below the current price action marks a strong support zone around the 15.00 - 20.00 range. This level has previously provided a strong base for price to move higher. A significant resistance level is identified at 45.00, which is the projected target for the upward movement. Intermediate resistance levels at 39.91 and 42.78 might also be observed, acting as potential take-profit points. The price recently broke above a key level of 24.24, indicating bullish momentum. The chart shows a significant upward movement with a projected path towards the 45.00 level. Ensure proper position sizing to avoid overexposure to market volatility.
Long
by TopGBanks
INJ - Full Bear Mode?I've been bullish on INJ until the M-Pattern formed - which has since taken us into a bearish correction. There is ONE zone that remains our final hope for a new ATH, but if we cannot hold this support then INJ is full on bearish for the immediate future. Let's take a look at key zones for buying orders as well as the INJBTC chart for insights. Here's an alt that is instead moving into accumulation as discussed in the video: _____________________________ BINANCE:INJUSDT BINANCE:INJBTC BINANCE:OPUSDT
by CryptoCheck-
Trade Setup: INJ at $18 SupportMarket Context: INJ has retested the $18 support level, with buyers visibly defending this area. This support sweep indicates potential bullish momentum. If the price loses this support, wait for it to turn into a deviation before buying at this level off a higher high, then a higher low. Ideally, the price should consolidate above $22 and then break to the upside from here. Trade Setup: Entry: Enter a trade at $20. Take Profit: Set profit targets at $25.50 and $30. Stop Loss: Place the stop loss below $18 on a daily close. 📊 Monitor the price action closely and adjust your strategy accordingly! #INJ #CryptoTrading #SupportAndResistance 🎯
Long
by Richtv_official
INJ UPDATE (buy and sell setup)Before anything else, we warned inj holders at the top price that the bullish waves are over and the big inj correction is about to begin. (You can see it in the "related ideas" section) Now we have prepared an update for inj. From where we placed the red arrow on the chart, the INJ correction has started. It seems that we have a zigzag diametric on the chart. We will look for sell/short positions in the red range and buy/long positions in the green range. If a daily candlestick closes above the red range or below the green range, the analysis will be violated For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
Injective / INJ analysis The price of Injective is $2.28 today with a 24hour trading volume of 140 million dollar. This represents a 20% price increase in the last 24 hours and a 70% price increase in the past 30 days. Injective is a blockchain built for finance. It is an open, interoperable layer1 blockchain powering next-gen DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols. they had pretty busy week, first a mainnet upgrade then Astroport beta launched on Injective,they processed over 150M transactions and burned 5,639,832.45 total INJ too. Inj bulls couldn't break 2.5 resistance but the daily candle still is green means bulls still got chance, for short term 2.5, 2.9 and 3.5$ are targets. 1.5$ is a dip level for Inj and good opportunity for investors
Long
by moonypto
11
$INJ injective trade analysis BINANCE:INJUSDT <> monthly chart 📉📈 analysis ⏰ DYOR ( Support ✨ and share my article with your frnds ❤️‍🔥 , follow article for intresting updates ) $18 - $15 > high level resistance time of 2021 , now act's like " SUPPORT " 📌 Month below close is invalid I am expecting potential accumulation range , here 🎯 $150 ....... ‼️ Target ..... i know, this coin is potential to do much more target's . But , Let the coin to complete it's main thing's, later we can discuss
Long
by raj5_7_5
2
Injective Protocol Flashes Buy Signal On The Daily Chart — 16% 👉 Here's What Has Happened printed a bullish MACD crossover on the daily chart. Simplified speaking, this happens when a shorter-term moving average moves above a longer-term average. Practically, it tells you that the token is getting some upward momentum, which likely leads to a further price increase. ℹ️ Signal Details The signal flashed on the daily chart and had extraordinary backtest results. Based on 30 historical signals, INJ gained more than 10% after signals has flashed in 80%. Moreover, the MACD is usually a good indicator on the daily chart — when specific aspects apply 👇 💹 Other Technical Indicators Most momentum indicators are in the neutral zone and, therefore, support the signal. Many trend indicators have turned bullish or are about to turn bullish. The weak ADX should be monitored closely since we want to have the signal backed by a strong trend. 📉 What about the chart INJ's 1D chart perfectly supports the signal. INJ has found strong support at $20 and bounced nicely. The profit potential of the signal aligns with the next resistance at 27-28.
Long
by ben_walther
1
INJUSDT: Thorough Analysis and Trade Setup.Hello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: - Unbiased analyses on trending altcoins - Identifying altcoins with 10x-50x potential - Futures trade setups - Daily updates on Bitcoin and Ethereum - High time frame (HTF) market bottom and top calls - Short-term market movements - Charts supported by critical fundamentals Now, let’s dive into this chart analysis: According to our previous analysis on INJ, we successfully hit our short-term and major targets ranging between $29.069 to $30.512. The long-term targets are still the same as mentioned previously. Current scenario: The price action is constrained within a descending channel, highlighted by two parallel black lines. This channel has guided the price movement downward, indicating a bearish trend over the past few months. At present, INJ needs to break above the $28.062 and $30.512 resistance levels, which could signal the beginning of a new bullish trend. The best accumulation zone around $16.708 to $18.437 offers a strategic entry point for long-term investors. Entry Range 1: $20 to CMP. Entry Range 2: $16.708 to $18.437. Targets: - T1: $28.247 - T2: $30.512 - T3: $38.703 - T4: $50.578 - T5: $70.007 Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
Long
by Cryptorphic
1
$INJ setup for 50% gain on next days, 3D timeframeCRYPTOCAP:INJ setup for 50% gain on next days, 3D timeframe: We are on 3D timeframe here. Blue arrows number '1' and '2', were bottom pivots on Hodlfire Indicator (copyrighted) right over the Exponential Moving Average 200 (3D 200EMA) line (green), and we just got a 3rd, right over the 200EMA again (the last blue panel under late price movements) So, as we are pivotting the bottom here, we expect next target on the last reset of VWAP line (orange line) at 38.60 usd, bringing over 50% There was a first and second confirmation of trend, (1.) the support on all-time-high of the last cicle (pink line) and (2.) break of diagonal blue trendline; if you want to wait for another confirmation, the 3rd, just wait suport over the black VWAP quarter line around 27.00 usd
by CCCLopes