๐จ *INJ needs to break 16 for long-term bullish confirmation* ๐๐ฅ
*Current Price:*11.44 ๐งพ
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๐ *Why 16 Matters:*16 is a *major resistance level* that has historically acted as a ceiling for Injective (INJ). Itโs where many traders set their sell targets, and breaking above it would indicate *strong demand* and renewed bullish momentum. ๐งฑโก๏ธ๐
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๐ *Technical Breakdown:*
- INJ has been forming *higher lows*, which is bullish ๐ข
- But it's struggling to push past the key resistance at16
- A *breakout* above 16 with strong volume = confirmation of long-term bullish trend
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๐ฎ *What Happens If INJ Breaks16?*
โ Could trigger a move to the next resistance zone at 20-24
โ Attract more long-term investors and institutions
โ Shift market sentiment to full bullish mode
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โ ๏ธ *If It Fails to Break 16:*
- Expect a *pullback* to9โ$10 support range
- Could stay in consolidation until bulls regain control
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๐ง *Pro Tip:*
Watch for high volume breakout and RSI confirmation. If BTC continues to climb and altcoins follow, *INJ could be one of the leaders* in the next leg up.
#INJ #CryptoAnalysis #Altcoins ๐๐