INJ/USDT Breakout Analysis – Bullish Momentum Building!
🔸 Key Support Zone at $6.5 - $9:
INJ successfully bounced from the key accumulation zone, hitting a low of $6.5 and is now showing strong signs of a breakout, currently trading at $11.85.
🔸 Retest Opportunity at $10.00:
If you missed the entry in the accumulation zone, a healthy pullback and retest near $10.00 would offer a great re-entry with reduced risk.
🔸 Upside Target: $50+
The breakout opens up targets towards $20, $30, and eventually $50+ if momentum continues and BTC dominance remains favorable.
🔸 Risk Level at $9.00:
Bullish structure remains valid as long as price stays above $9. A break below this could lead to consolidation or invalidation of the breakout.
🔸 Action Plan:
Entry on retest: $10 - $10.50
Invalidation below: $9
Targets:
✅ TP1: $18
✅ TP2: $28
✅ TP3: $38
✅ TP4: $50+
INJ appears to be entering a new bullish phase after a long consolidation. Keep an eye on volume spikes and market sentiment.
