$INJ

Technical Analysis INJ USDT (Four Hours)

The price of the instrument has entered an important demand zone at 11.5-11.8, where a reversal was observed previously. This is a strong support level (referred to as "strong bottom"), from which the upward trend may reverse.

📉 Bearish Scenario:

If we fail to maintain the current area and break below 11, the path will open for a deeper correction down to 10.5-11.0.

📈 Bullish Scenario:

If we see confirmation of demand and a rebound from the current area, it makes sense for the price to head towards the first resistance area at 13.5-14.5.

A price consolidation above this level will provide an opportunity to break the 15.5+ level, but we may face strong selling at this level.

The INJ token is in a potential reversal area. In the next two or three days, it is important to monitor the reaction from the current levels - this will show whether the buyers have a chance to seize the opportunity.