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INJUPUSDT trade ideas

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
Long
by PraveenTrader1
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.
Long
by DEXWireNews
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 Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
#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.
Long
by thecryptochart
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. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:INJUSDT
Short
by alikze
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 Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
2
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.
Short
by AlanSantana
2
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
Injective (INJ) - 60% correction in the months aheadOn the above weekly chart price has enjoyed a massive 3000% rally. A number of reasons now exist to be bearish. They include: 1) Broken market structure, failed support. 2) Trend reversal. 3) High negative divergence. Almost as strong as the positive divergence the rally began with. 4) The target areas for support include 60% and 80% correction to $8 and $5, respectively. 5) This should take about 1 year to play out. Is it possible price action continues printing higher lows? Sure. Is it probable? No. Ww
by without_worries
6