$INJ update: still in a raising pattern
Updated
Following this weekend’s mini crash when Israel targeted Iran, creating uncertainty and pushing 
BTC dominance up to 60%, most altcoins experienced another pullback. The 
TOTAL3 index (alts excluding 
ETH and BTC) has dropped to 500B, impacting the broader altcoin market.
IINJ has not performed well, mainly because many early investors who bought at $2 are now gradually taking profits after a 10x gain, creating ongoing selling pressure.
Despite this, IINJ continues to build partnerships (most recently with FETCH) and expand listings (such as Upbit), showing sustained investor interest. However, selling pressure has been counterproductive, limiting IINJ's ability to rally significantly.
The chart indicates a rising wedge channel, with new support levels forming and higher lows, signaling a shift towards bullish control.
IINJ appears ready for an explosive move as profit-taking subsides and new investors hold. The support and resistance levels on the chart will be monitored, with updates as the market unfolds.
BTC dominance up to 60%, most altcoins experienced another pullback. The TOTAL3 index (alts excluding ETH and BTC) has dropped to 500B, impacting the broader altcoin market.IINJ has not performed well, mainly because many early investors who bought at $2 are now gradually taking profits after a 10x gain, creating ongoing selling pressure.
Despite this, IINJ continues to build partnerships (most recently with FETCH) and expand listings (such as Upbit), showing sustained investor interest. However, selling pressure has been counterproductive, limiting IINJ's ability to rally significantly.
The chart indicates a rising wedge channel, with new support levels forming and higher lows, signaling a shift towards bullish control.
IINJ appears ready for an explosive move as profit-taking subsides and new investors hold. The support and resistance levels on the chart will be monitored, with updates as the market unfolds.
Note
Pretty accurate so far. IINJ is a solid altcoin that is catching up with BTC
IINJ is following the indicators quite accurately.
BTC.D dominance is going parabolic with a 60% BTC dominance, and of course this is impacting the altcoins negatively.
However it is just a matter of time until this situation turns in favor of altcoins,
BTC dominance never passed 70% so we are close to the historic top.
This is an updated chart for you to study.
Note
You know that IINJ is one of my best investment for this altseason.
The fact it had a massive correction is a good sign, it is ready to reverse and pump hard.
- IINJ has low inflation (<10% APR)
- IINJ has low marketcap of 2B for a huge ecosystem. It can pump x10 from here.
- IINJ FDV is almost equal to its valuation, so if it pumps, it will pump really hard.
The pump may start as soon as the election results are published and Trump wins.
Note
This said, it is really cheap. The green box is the buy zone. Most altcoins are cheap. Time to buy before the altseason to strike.Note
Actually this idea was again really accurate. We reached today the middle of the raising range. I will publish an update soon.
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