$INJ /USDT Analysis (4h Chart)
Market Overview:
INJ/USDT shows choppy, volatile price action within a wider range. After peaking near $8.92 and retracing, it appears to be attempting another move up. The current price is $7.25, up +6.46%.
Key Price Levels (Based on Visible Swings):
Resistance: The strong resistance is the previous local high near $8.92 and the more recent swing high around $8.50.
Support: Key support is the recent swing low at $6.46.
Indicator Insight (RSI(6)):
The RSI(6) is at 54.34, indicating mildly bullish momentum. The indicator has room to move higher before hitting the overbought area.
Short-Term Sentiment:
INJ is showing constructive price action by printing higher lows within the recent range. For a bullish continuation, the price needs to break and sustain above the immediate resistance level (around $7.96).
#MarketPullback #PowellRemarks #CryptoScamSurge $INJ
