📊 $INJ

USDT (Perpetual) Technical Analysis – Slow Recovery After Recent Dip

Currently trading at $10.457 (+0.74%), INJ (Injective) is trying to reclaim upside momentum after bouncing off the intraday low of $10.236. It’s approaching a minor resistance at $10.79, with volume and moving averages providing mixed signals.

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🔑 Key Technical Levels:

Support: $10.20 – $10.23 (Recent base / demand zone)

Resistance: $10.79 – $10.82 (24h high / short-term rejection zone)

Current Price: $10.457

Mark Price: $10.463

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📈 Trade Setup: Potential Reversal With Volume Pickup

> 🔹 LONG ENTRY ZONE: $10.40 – $10.50 (on retest & confirmation)

🎯 TAKE PROFIT 1: $10.80

🎯 TAKE PROFIT 2: $11.05 (next resistance from past price action)

🛑 STOP LOSS: $10.20 (below structure / invalidation level)

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📉 Volume & Moving Averages

24h Vol(INJ): 8.04M

24h Vol(USDT): 84.10M

MA(5): 567,927

MA(10): 469,800

Observation: Volume rising with higher short-term MA – a mildly bullish signal

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📌 Market Outlook:

Structure: Higher low forming above $10.23

Momentum: Still weak but improving

Breakout Signal: Needs a close above $10.82 with strong candle + volume

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⚠️ Risk Management Tips:

Avoid entering at the top of the range; wait for a pullback or confirmed breakout

Keep stop loss tight under $10.20 due to volatility risk

Monitor BTC/ETH correlation – INJ is sensitive to broader market mood

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🧠 Summary:

Bias: Cautiously Bullish

Action: Watch for either a breakout above $10.79 or retest at $10.40 zone

Target Potential: Up to $11.00 if breakout holds

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