Pair: INJ/USDT (1W - Binance)
Current Price: ~$12.91
Chart Pattern: Symmetrical Triangle Breakout
🔍 Market Overview:
INJ (Injective) has recently broken out of a long-standing symmetrical triangle formation on the weekly chart — a significant technical signal. This breakout occurred just as price reclaimed the Upper Resistance Zone, indicating a possible shift in long-term momentum.
📊 Key Technical Levels:
🔺 Upper Resistance Zone: ~$13.50–$15.00
If the breakout sustains above this range, INJ could accelerate rapidly.🟦 Lower Support Zone: ~$5.80–$7.00
Acts as a historical demand zone where buyers previously stepped in.📐 Key Support Line: Long-term ascending trendline since early 2023, now acting as a foundational base for this bullish setup.
📈 Bullish Scenario:
If price sustains above the resistance zone, the next major targets could be:
🔹 $18.50
🔹 $24.00
🔹 $36.00+
This breakout may trigger a long-term bullish trend, potentially aiming toward previous ATH zones ($40–$60).
⚠️ Bearish Invalidation:
If price falls back below the triangle apex (~$11.00) and re-enters the structure, bullish momentum may weaken.
Breakdown below $8.00 would flip the bias neutral to bearish again.
🧠 Pro Tips:
Weekly timeframes are slow but powerful — be patient.
Look for weekly closes above resistance for added confirmation.
Avoid emotional entries — structure-based levels are your best allies.
If you're spot trading, this could be a solid accumulation zone for long-term exposure.
Futures traders: consider low leverage to survive volatility.
✅ Conclusion:
INJ is showing signs of renewed bullish strength after a prolonged consolidation. The breakout from a multi-month triangle pattern may act as the catalyst for a strong upside move — especially if macro conditions and DeFi narratives favor INJ's use case.
Stay alert. Stay informed. Trade smart.
#MyCOSTrade #BinanceAlphaAlert #MarketRebound #EDGENLiveOnAlpha #SaylorBTCPurchase
