INJ ANALYSIS🚀#INJ Analysis :
🔮#INJ is trading in a symmetrical triangle pattern on the daily timeframe. 💁♂️
We could expect a breakout and reach towards resistance 1 zone and could expect a potential bullish move📈
Expect a bullish wave of around 20-25% in the coming days
🔰Current Price: $20.20
🎯 Target Price: $27.35
⚡️What to do ?
👀Keep an eye on #INJ price action. We can trade according to the chart and make some profits⚡️⚡️
#INJ #Cryptocurrency #TechnicalAnalysis #DYOR
INJUSDT trade ideas
INJUSDT / H1 / LONGINJUSDT may rise from the Bullish Order Block
Bullish Order Block: 19.97 and 19.51
INJUSDT has recently touched the Bullish Order Block, indicating a potential move to the upside. We can now expect a rise from this zone. Let's see how the price reacts as it progresses. I have used Smart Money Concepts (SMC) for analyzing this chart.
Entry price :- 19.96
Take Profit :- 20.86
Stop Loss :- 19.06
$INJ update: uptrend until resistance at $27-$28So far, my CRYPTOCAP:INJ forecast has been accurate—you can check my previous analysis. Let’s continue.
We are currently in an uptrend. On the 1W chart, both the MACD and RSI have bottomed, signaling a weekly push that should move CRYPTOCAP:INJ up along the uptrend channel shown in this chart. The MACD and RSI are aligned, so once we break through the bearish divergence, the uptrend should continue. If you follow my other updates on CRYPTOCAP:BTC and CRYPTOCAP:TOTAL3 , everything seems to align positively for October.
Of course, geopolitical events, like Russia deciding to nuke Israel or Israel attacking Lebanon or Iran, could act as a black swan event and invalidate this idea.
For now, I don’t think it’s time to sell; rather, it’s a time to accumulate. The $27-$28 resistance level is more concerning, and we might face a rejection there. However, that’s a different scenario, and I’ll provide another update when we approach that stage.
INJ Long Position (Retrace to Support)Market Context: INJ is currently retracing down to the next key level of support, presenting an opportunity for a long spot entry.
Trade Setup:
Entry: Around $19.00
Take Profit:
First target: $22.50 - $25.00
Second target: $28.00 - $31.00
Stop Loss: Just below $18.00
This setup aims to capitalize on the retrace and potential bounce from strong support levels. #INJ #Crypto #Support #Trading
INJUSDT.P / H1 / LONGINJUSDT may rise from the order block
Bullish Order Block :- 21.974 and 21.648
The price for INJUSDT Perpetual is currently near the bullish order block ranging between 21.974 and 21.648 . As the price has already touched this order block, it suggests potential upward momentum. Based on this, we can anticipate that the price may rise from this level. However, it’s important to monitor how the price reacts within this zone before making any decisions, as price movements around order blocks can vary depending on market conditions.
My analysis suggests :-
Entry Price :- 21.962
Take Profit :- 23.022
Stop Loss :- 20.895
Injective ($INJ) Soars Over 10% After Major Exchange ListingThe price of Injective ( CRYPTOCAP:INJ ) has surged more than 10% today, reflecting a wave of optimism sweeping through the market after Upbit, one of South Korea’s leading cryptocurrency exchanges, announced its listing of the token. As of writing, INJ is trading just below $24, a critical resistance level that could potentially pave the way for a new all-time high (ATH).
Key Developments Behind the Surge
1. Upbit Listing: The primary driver of today's rally is the announcement by Upbit, South Korea’s top exchange, that it will list Injective in both the KRW (Korean Won) and USDT markets. This significant endorsement signals the exchange's confidence in the long-term viability of INJ. The listing, set to go live at 18:15 on October 17, 2024, is expected to enhance liquidity and attract a broader base of traders, including both retail and institutional investors.
2. Market Sentiment: The listing has injected fresh confidence into the market, pushing Injective’s price to surge past $23 and potentially target the $24 mark, a key resistance level. If breached, market analysts believe that INJ could see further gains, possibly touching or even surpassing its previous ATH of $52.75.
3. Strategic Trading Rules: Upbit has introduced specific trading restrictions to ensure market stability during the initial hours. These include a temporary buy limit for the first five minutes of trading and a cap on sell orders that fall below 10% of the previous day’s closing price. These measures aim to protect traders from excessive price volatility as trading begins.
The Broader Market Context
Injective’s strong performance isn’t happening in isolation. The broader crypto market has seen a resurgence, with leading digital assets like Bitcoin recently surpassing the $68K mark. This has bolstered confidence in altcoins, particularly as investors anticipate further growth fueled by broader market trends like the “Uptober” rally and optimism surrounding the upcoming U.S. elections.
In this favorable environment, the positive sentiment surrounding Bitcoin has trickled down to top altcoins like INJ. The anticipation that altcoins will follow Bitcoin’s bullish trajectory could further support INJ’s price action in the coming days and weeks.
Technical Outlook:
From a technical perspective, Injective is showing signs of strength. Currently, CRYPTOCAP:INJ is trading with an RSI (Relative Strength Index) of 53.56, which indicates moderate momentum. Though the price retraced slightly after hitting a recent high of $23.18, it remains above key moving averages, signaling that bulls are still in control.
If CRYPTOCAP:INJ can maintain this momentum and break through the critical $24 resistance level, the next significant price target would be its previous ATH of $52.75. We suggest that this price point could act as a catalyst for even further gains, particularly if market conditions remain favorable.
Strengths of Injective
Beyond the immediate price action, the fundamentals of Injective continue to attract investor interest. The platform is built to provide decentralized finance (DeFi) solutions, with a focus on enabling fast, low-cost transactions across a variety of blockchain networks. With the rise of decentralized exchanges (DEXs) and Layer-2 solutions, Injective’s technology is well-positioned to capture a growing share of the DeFi market.
Additionally, Injective’s partnerships and growing adoption across various decentralized finance ecosystems further strengthen its long-term outlook. As a blockchain optimized for high-performance trading and cross-chain capabilities, Injective is emerging as a key player in the rapidly evolving DeFi space.
Conclusion: A Path to New Highs?
With the South Korean market opening up to Injective via Upbit’s listing and a favorable macroeconomic environment, INJ’s price is poised for further growth. If the token can break through the $24 resistance level, it could set the stage for a new ATH and solidify its position as a top altcoin in the DeFi sector.
INJUSDT Strong Bounce and Trendline Breakout. 3-Digit Potential!INJUSDT has bounced off a significant support level and executed a powerful breakout from its trendline. With the 2021 ATH acting as major support, we anticipate a bullish momentum building toward the $30 mark. Given the current market dynamics, a move into the three-digit territory seems possible in the near future. Keep an eye on this one for potential upside!
INJUSDT Currently trading at $21.7
Buy level: Above $21
Stop loss: Below $17.5
TP1: $25
TP2: $30
TP3: $39
TP4: $53
Max Leverage 3x
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#injusdt #injective. Inverse head and shoulders. Get long#crypto. A strong pattern with a high probability trade has formed on injective. We have an inverse head and shoulders pattern. We have broken through the neckline. Not is has retested the neckline and turned resistance into support. This is a perfect formation to drive the price to the target from the inverse head and shoulders of 28. Get long now at 20.33
RSI is climbing higher and higher on each new low indicating the buyers are back in control.
STO has bottomed out at 30 and is ready to bounce back to 70.
Volume is not doing much though.
Target 1 is 28 bucks. From 20.33. That is an unleveraged possible 38% play. Worth the risk.
Stop out at 18. Crypto can be a nasty place so dont ride the elevator all the way back to ground.
GL and message me if you would like me to look at particular charts and provide my opinion.
Alikze »» INJ | Reverse head and shoulders pattern - 12H🔍 Technical analysis: Suspect an inverted head and shoulders pattern
- In the analysis presented in the 12-hour time frame, it was mentioned that in case of selling pressure in the range of $25, the correction will continue until the Fibo range of 1.618 in the range of $18.75.
- It is currently moving in an ascending channel.
- It has faced selling pressure in the middle of the channel.
- Due to the formation of the inverted top pattern, in case of breaking the Fibo 1.618 and stabilizing below the 18.75 area, the correction will continue until the liquidity area and the origin of the movement.
- Therefore, according to the zigzag correction structure, this correction can extend to the liquidity area and complete the correction leg C in the specified areas.
💎 Alternative scenario , if it stabilizes in the range of 18.75, it can grow to the middle of the channel in the first step and then to the range of the supply area of $25.
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BINANCE:INJUSDT
INJUSDT All-Time High Soon?INJ/USDT has successfully bounced off a major support level, setting the stage for an upward move. The price has broken through a key trendline and is now facing minor resistance around $23. A breakthrough of this resistance could lead to a significant price rally as INJ aims to reclaim its all-time high.
Trade safe and always remember to use a stop loss to manage your risk!
INJUSDT (4h Chart) Technical analysis
INJUSDT (4h Chart) Currently trading at $22.4
Buy level: Above $22.75
Stop loss: Below $18
TP1: $26
TP2: $31
TP3: $40
TP4: $53
Max Leverage 3x
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Injective Faces Resistance (Lower Low Or Double-Bottom?)Here is another Altcoin pair that produced a rejection at the MA200 line and is showing a bearish continuation starting to form.
Good Saturday my fellow trader, let's do a quick review of this chart.
➢ Injective (INJUSDT) already corrected as low as November 2023, but in November 2023 this pair was not trading at bottom prices, it was really high up. The market tends to seek balance, and the stronger the growth, the bigger the correction that follows. The stronger the crash, the bigger the bullish cycle that follows. The market always looks for balance.
➢ Injective's bullish wave starts after the December 2022 bottom, and we can see massive growth. In a period of 442 days, INJUSDT grew by 4,245%. From December 2022 through March 2024. In comparison, Bitcoin grew by 377% from November 2022 through March 2024. That's why I say that the Altcoins are better than Bitcoin if you are a normal human being, growth potential is just that much higher.
After so much growth, the correction might not be over. We can say this based on the mid-term downtrend and the MA200 rejection.
We can get a double-bottom, around 0.786 Fib. or a lower low to test the prices at which Injective traded back in September 2023.
Thank you for reading.
Namaste.