Here's a technical summary and analysis for $INJ
/USDT
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🧾 INJ / USDT Snapshot
Current Price: $9.42
24h Change: -12.13% 🔻
Category: Layer 1 / Layer 2
Trend Bias: Strongly Bearish
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📊 24-Hour Trading Overview
Metric Value
24h High $10.81
24h Low $9.19
Volume (INJ) 1.47M
Volume (USDT) $14.58M
🔻 The price is hovering just above the 24h low — selling pressure remains dominant.
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📉 Order Book / Depth
Resistance Levels Current Support Levels
$10.34 $9.19 (24h Low)
$10.28 $9.13 (minor support)
$10.09
$9.85
$9.62
$9.42
🧨 If $9.19 fails, next key supports could be around $8.85 – $9.00, zones of previous accumulation.
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📈 Technical Indicators
Indicator Value
Vol (current) 12,902 INJ
MA(5) 30,873 INJ
MA(10) 38,849 INJ
📉 Current volume is less than half of the moving averages — suggests weak recovery attempts, not strong accumulation.
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🔎 Market View
Factor Status
Trend Strongly Bearish
Momentum Accelerating downward
Volatility High
Risk/Reward High-risk unless reclaimed $10+
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📌 Trading Zones & Strategy
Strategy Key Levels
Buy Zone $9.00 – $9.20 (only with volume pickup)
Resistance $9.85 → $10.28 → $10.81
Breakout Entry $11.00+ for confirmation
Stop Loss Below $9.13 or aggressive at $8.90
🚨 Only consider entries if there’s a bounce from $9.19 or a reclaim of $10 with rising volume.
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🧠 Final Notes
INJ is currently in a sharp correction phase, consistent with broader weakness in altcoins.
A breakdown of $9.19 could trigger panic selling, while a strong reclaim above $9.85 could invite short-term bulls.
Would you like a candlestick pattern forecast, or compare INJ with similar Layer 1s like ICP or ALGO?
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