$INJUSDT Analysis: Bullish Momentum Post-Election result!!BINANCE:INJUSDT has shown a strong bullish momentum after breaking out from a key trendline and undergoing a healthy correction to major support levels. Yesterday's sharp upward move, accompanied by significant volume, came in the wake of positive election results, fueling optimism in the market. With this newfound strength, we are anticipating that INJUSDT could soon challenge and potentially break its All-Time High (ATH).
As always, trade cautiously and use a small portion of your capital to manage risk effectively. The trend is favorable, but risk management is key.
Trade Safe, Stay Smart!
BINANCE:INJUSDT Currently trading at $20.8
Buy level: Above $20
Stop loss: Below $16
TP1: $23
TP2: $28
TP3: $33
TP4: $53
Max Leverage 3x
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Inj
INJ SWING LONG OPPORTUNITY - Injective Network INJ was one of the most bullish coins last year during the 2023 autumn altcoin season, achieving over an 8x increase! I strongly recommend following this coin during the 2024-2025 altseason.
Technical Analysis: The price reached a weekly swing point and wicked off it, but couldn’t close below, showing a strong rejection from that level. This led to the creation of a daily demand zone, which I find significant since the weekly run occurred before this daily demand was formed, suggesting strong support potential.
The price has now hit the daily demand zone and is sitting at a maximum discount area. I’ll be watching for lower time frame confirmations to anticipate price movement, but things are looking great.
Targets: There is a bearish trendline that has defined the bearish structure since June 2024, which I consider the first take-profit level. Additional targets are visible on the chart, with 24.94 and 28 USD as potential levels. I expect we could reach these targets before the new year.
$INJ update: still in a raising patternFollowing this weekend’s mini crash when Israel targeted Iran, creating uncertainty and pushing CRYPTOCAP:BTC dominance up to 60%, most altcoins experienced another pullback. The CRYPTOCAP:TOTAL3 index (alts excluding CRYPTOCAP:ETH and CRYPTOCAP:BTC ) has dropped to $500B, impacting the broader altcoin market.
CRYPTOCAP:INJ 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, CRYPTOCAP:INJ 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 CRYPTOCAP:INJ '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.
CRYPTOCAP:INJ 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.
$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 $18.00
This setup aims to capitalize on the retrace and potential bounce from strong support levels. #INJ #Crypto #Support #Trading
Injective ($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.
INJUSD: Highly important 1D MA200 test.Injective is neutral on its 1D technical outlook (RSI = 54.838, MACD = 0.426, ADX = 17.060) as it is trading between the 1D MA200 and 1D MA50. The 1D MA200 is more important right now as it got hit today but the priced immediately pulled back. This is the 4th failed test (so far) it had since April and failure to overcome it, should technically result in a strong rejection. Since however the price is rising after the August 5th bottom, we believe it is time to finally break. Wait until it closes over the 1D MA200 and buy, aiming for the 0.618 Fib (TP = 31.000).
See how our prior idea has worked out:
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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
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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
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Is INJ Coin Heading for a Deeper Correction?After the significant hype surrounding BINANCE:INJUSDT during the winter and spring, the coin's price began to decline, losing over 50% from its peak in the initial drop. However, by mid-September, the price made a recovery, climbing back above the important $20 mark and breaking through the descending trend line of a falling channel.
While this upward movement appeared to be a bullish signal, the momentum failed to push the price towards the $30 resistance level. Instead, it retreated back to the $20 support level.
Looking ahead, I anticipate that the $20 support level may soon be broken on the downside. If this happens, we could see an accelerated price drop, possibly bringing the price down to $10. The current price action suggests weakening support, raising the likelihood of a deeper decline in the near future.
Alikze »» INJ | Ascending channel - 12H🔍 Technical analysis: Ascending channel - 12H
- In the analysis presented in the previous post , a corrective wave was carried out up to the green box area, which has entered an upward phase in the green box area after the demand.
- Currently, in the 12H time frame, it can have a growth up to the range of $25, which in case of a pullback to the middle of the channel, it will have the ability to continue growing up to the top of the channel.
- If the $25 zone fails, it will have the ability to continue growing up to the supply zone.
💎 Alternative scenario: In addition, if it faces selling pressure in the range of $25 and loses the middle of the channel, it can continue to correct at least up to the Fibo range of 1.618 and the price range of 18.75.
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BINANCE:INJUSDT
Alikze »» CELR | Triple Bottom🔍 Technical analysis: Triple Bottom
- In the weekly time frame, a triple bottom has been formed at Fibo 0.78.
- According to the return candle in the mentioned area, we expect at least this motivational wave to continue its growth until the neckline.
- This climb can have at least 50 to 60 percent profit yield.
💎 Also, if the 0.78 area is broken, the bullish scenario will be invalidated.
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INJUSDT: Long-Term Target $100?INJUSDT Technical analysis update
INJ has been trading inside a falling wedge for the last 275 days and is now breaking the wedge's resistance trend line. We can expect a gradual bullish move in INJ. Additionally, the previous all-time high (ATH) acts as strong support, and the price has recently bounced from this level. By the end of 2024, INJ could potentially reach $100.
INJ/USDT: BREAKS OUT! READY FOR AN ATH!!Hey everyone!
If you enjoy this analysis, a thumbs up and follow would be greatly appreciated!
INJ looks good here. It breaks out from the falling wedge-like structure and is currently, retesting the wedge. Buy some here and add more in the dip.
Entry range:- $19-$21
Targets:- $27/$34/$42/$52
SL:- $17
What are your thoughts on INJ's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
$INJ WARNING. It is about to pump: are you ready?Check out my other idea on $INJ. I'm closely following this coin because it's on my list of the most promising for the upcoming alt season.
CRYPTOCAP:INJ has been suppressed by a bearish MACD on the daily timeframe. However, the indicator is about to cross, signaling that the selling pressure may be ending, and a buying trend could follow.
- The team is working tirelessly, announcing new updates, bridges, or partnerships almost daily.
- They are also burning tokens, which will drive a deflationary trend, especially since there are no more token unlocks, and the tokenomics are free from VC influence.
Check out the news here; it's impressive: crypto.news
I remain very bullish on CRYPTOCAP:INJ despite its recent underperformance, mainly due to some technical indicator resets.
Let's see if this idea follows its path, just like the others.
DYOR
INJ Long Position (Resistance Breakout)Market Context: INJ has broken a crucial resistance and is showing strong signs of upside momentum, with moving averages beginning to trend upwards. We are looking for a pullback to the new support level around $17.5 to enter a long position.
Trade Setup:
Entry: Enter a long trade around $17.5 (new support level).
Take Profit:
First target: $20
Second target: $25
Third target: $30
Stop Loss: Below $16
📊 This setup is based on the retest of newly formed support and aligns with bullish market indicators. #INJ #Breakout #Crypto
INJ-USDT 1W chartHello everyone, let's look at the 1W INJ to USDT chart, in this situation we can see how the price is moving in a downtrend channel, and currently we can see how the price is approaching towards the upper border.
Let's start by setting goals for the near future, which include:
Target1 $22.80
Target2 $28.67
Target3 $33.13
AND
Target4 $37.90
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $16.63
SL2 = $13.35
SL3 = $9.27
SL4 = $5.75
Alikze »» STRK | Trading range🔍 Technical analysis: Trading range
- It is in a downtrend on the 1D daily time frame.
- Currently, it is in the area between 0.33 and 0.42 as a trading range.
- In case of support in the 0.39 area, it can grow up to the supply area.
🛑 The most important resistance: 0.586
- Due to the fact that there is demand in the current area, this failure can happen from above.
- He has tested the swing several times. According to the momentum, there is an expectation of failure from above.
- But if there is consolidation below the 0.39 area and there is a break from the bottom, the bearish scenario will gain strength.
💎 Alternative scenario: Considering that the formation of a bearish flag pattern is given, if the 0.39 area is not maintained and stabilizes below the area, we can expect confirmation of the bearish flag pattern, which with the breaking of the trading range area can be a correction as much as the previous leg. experience another.
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BINANCE:STRKUSDT
#INJ Technical Analysis in a 2-Day TimeframeHello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.
Follow me for:
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~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
INJ is currently rebounding from the accumulation range between $15.12 and $17.85. The price is likely to reach the primary resistance, which ranges between $20 and $21.45.
Once INJ breaks above this resistance, it will likely test the $30.51 resistance level. For now, all eyes are on the current market price.
The RSI is gaining strong momentum for the rally.
Key levels:
- Accumulation: $15.12 to $17.85.
- Primary Support: $15.12.
- Primary Resistance: $20 to $21.45.
- Targets: $30.51 to $52.17.
- Invalidation: A daily candle close below $12.74.
DYOR, NFA.
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$INJ Buy zone where to refill your bagCRYPTOCAP:INJ is a great project, solid, supported by good technology, but currently undervalued. It is, for example, much better than $AVAX.
CRYPTOCAP:INJ might have quite an impressive market cap this cycle due to its resilience and overall quality as a project compared to others.
Also, CRYPTOCAP:INJ has no more unlocks.
CRYPTOCAP:INJ is in a bearish pennant pattern which target is between $17-$18.
The green box is my buy target. It offers an almost guaranteed +10% to +15% gain without leverage at the next pump.
Buy in the green box and sell at $23, for example.
You can also hold this coin. It has already performed a huge reaccumulation phase and is poised to reach a new all-time high this cycle. In my opinion, it is a potential x5 to x10 coin.
Always do your own research (DYOR). This is not financial advice.
Alikze »» SUI | Daily FVG gap🔍 Technical analysis: Daily FVG gap
- According to the analysis presented in the previous post, after creating demand in the green box area, it grew to the supply area.
- Currently, according to the structure formed in the supply area, a twin roof with a shorter roof is observed.
- But in the 8H time frame, it is moving in a descending channel. Demand has also been met at the bottom of the channel.
- Therefore, according to the FVG gap in the 1D time frame, if the selling pressure continues, it can make a correction to the green box area and retest it to fill the gap.
💎 Alternative scenario: also, if he can break the middle of the channel upwards, he can retest the supply area again.
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BINANCE:SUIUSDT