INJ just lit up the charts with a powerful bounce, and it’s pushing straight into a major resistance zone - bulls are eyeing the next leg.
🔍 Chart Breakdown
📉 Previous Trend:
INJ/USDT was in a firm downtrend from the $35+ zone, bleeding out into a low around $6.34 in April. Since then, it's been grinding upward, forming a steady series of higher lows and testing previous support-turned-resistance zones.
📊 Current Price:
$13.9 (+6.27% today)
🔴 Resistance Zone (Major):
$15.30–$16.28 – Strong supply zone from past support now flipped. Price is testing this for the third time, making it a key breakout level.
🟢 Support Levels:
$12.00 – Previous consolidation and breakout point
$10.00 – Psychological and structural support
$8.50 – Mid-April base before the bullish run
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📈 Volume:
Volume is building, showing buyers are stepping up. Breakout looks supported by momentum – watch for confirmation candles.
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📌 Market Structure
INJ has shifted into a bullish market structure, printing higher highs and higher lows. The current push looks like a retest of a major horizontal level (potential breakout of previous range). If this structure holds, it’s a classic bullish continuation setup.
✅ Buyers are in control
📉 Sellers failing to push price below $12 confirms demand
🔥 Watch for a clean break and retest of $15.30–$16.28
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🚀 What’s Next?
✅ Break above $16.28 = move to $17.97
✅ Break above $17.97 = opens path to $22.17
⚠️ Rejection here = likely pullback to $12.00–$11.50
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🎯 Trade Plan (DYOR)
Primary Setup:
Entry: Break and close above $16.30 on strong volume
TP1: $16
TP2: $20
SL: Below $13.20 (invalidate bullish structure)
Alternative Setup:
Dip Buy: Rejection at $16.28 with bounce from $12.00–$12.50 zone
SL: Below $11.00 — lose that, and bulls lose control short term
⚠️ Disclaimer:
This post is for informational and educational purposes only. It is not financial advice. Always do your own research and use proper risk management.
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