$INJ: Preparing for a Possible Impulsive Move UpCRYPTOCAP:INJ – Setting Up for a Potential Impulsive Move
After a sharp correction, CRYPTOCAP:INJ may be preparing for a strong rebound.
In a previous idea, I forecasted a bottom at $8.5 — and it dipped even lower to $7, fully retracing last year's pump.
The price broke below the bearish flag after a clear bearish divergence at the top. It also sliced through my green buy zone and is now sitting right on a critical support level at $8.40.
🚀 Signs of recovery are starting to show:
🔹 MACD is climbing and approaching the median line — a bullish crossover could ignite an impulsive rally.
🔹 Price is stabilizing above the key $8.40 support.
🔹 RSI is low and consolidating — signaling potential upside.
🔹 Volume is quiet — often a precursor to strong moves.
The target is to re-integrate the green liquidity zone, to prepare another explosive pump.
📅 Reminder: around this time last year, CRYPTOCAP:INJ pulled off a 4x rally. While past performance doesn't guarantee future results, the setup looks promising.
🧠 DYOR | This is not financial advice.
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