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Injanalysis

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.
Short
by Mihai_Iacob
3
$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
Long
by CryptoNikkoid
Injective- Good buy for 50% riseBack in winter, when everyone was super bullish and the hype around some coins, particularly INJ, was incredible, I predicted that the coin could drop to 20. Indeed, since then, INJ/USDT has dipped into that zone several times and even fell below 20 recently. Although I don't see INJ reaching 100 or achieving the lofty multipliers that some people dream of when trading crypto, I believe this is a good opportunity for a buy trade with a potential 50% gain. Technically, the 20 zone is now a very strong support level and also coincides with an old congestion zone, which should provide additional support. In conclusion, I'm looking to buy around 20, and by setting a stop loss just below the recent spike down, a risk-to-reward ratio of more than 1:2 could be achieved with this trade.
Long
by Mihai_Iacob
9
Trade Setup: INJ at $18 SupportMarket Context: INJ has retested the $18 support level, with buyers visibly defending this area. This support sweep indicates potential bullish momentum. If the price loses this support, wait for it to turn into a deviation before buying at this level off a higher high, then a higher low. Ideally, the price should consolidate above $22 and then break to the upside from here. Trade Setup: Entry: Enter a trade at $20. Take Profit: Set profit targets at $25.50 and $30. Stop Loss: Place the stop loss below $18 on a daily close. 📊 Monitor the price action closely and adjust your strategy accordingly! #INJ #CryptoTrading #SupportAndResistance 🎯
Long
by Richtv_official
INJ UPDATEFirst of all, You can see our previous analysis of inj in the "Related Ideas" section A good demand area is now ahead of the price. We are looking for buy/long positions in this area. We have marked this area with green color. The targets are clear on the chart. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark