🚀 $INJ Ready to Bounce – Bulls Defending Key Support!
Injective ($INJ ) is trading at $11.77, holding strong above a crucial support zone. The price structure shows early signs of a bullish bounce as buyers begin to return to the scene 💥📊
📊 INJ Market Snapshot:
Current Price: $11.77 💰
Support Zone: $11.30
Resistance Zone: $12.40
Momentum: Stabilizing after correction 🧲
📡 Signal: Bounce Setup Near Support
INJ is respecting key support levels and forming higher lows on the hourly chart. A move above $12 could confirm the bounce and trigger a short-term rally 📈
🎯 Trade Setup Idea:
Entry Zone: $11.60 – $11.80
TP1: $12.40
TP2: $13.00
Stop Loss: $11.10 🚫
🔥 Why INJ is on Watch:
Oversold bounce potential
Holding key horizontal support ✅
One of the top DeFi Layer-1 projects in spotlight again
📌 Conclusion:
At $11.77, INJ is in a high-interest zone for a potential reversal. Watch for volume buildup — a push above $12.00 could lead to swift upside momentum! ⚡