🧠 Injective (INJ) Analysis – Quiet Pullback or Smart Accumulation Before Takeoff? 🔄🚀
🔸 Current Price: $13.54
🔍 INJ is going through a calm pullback after a bullish run… but the candlestick behavior reveals subtle signs of a potential strong reversal ahead!
✅ What Are the Candles Telling Us? (Educational 📚)
A series of small red candles with long lower wicks = Sellers are trying to push the price down, but buyers step in every time to protect the support zone.
💡 Tip: Long lower wicks signal strong price rejection at lower levels – a classic sign of hidden support.
Downtrend angle is flattening, and candles are shrinking = Seller momentum is fading.
Today's candle touched the 99 Moving Average (MA 99) and bounced slightly = a dynamic support area that often triggers bounces.
Slight volume uptick near support = Early signs of smart money stepping in.
🔍 Technical Outlook:
Overall trend remains bullish on the daily timeframe.
Current pullback looks like a healthy correction, not a trend break.
As long as price holds above $13.10–$13.20, a reversal toward:
Target 1: $14.30
Target 2: $15.60
Major Resistance: $17.00
becomes very likely.
📉 However, a daily close below $13.00 may trigger a deeper dip toward $12.20 before any bounce.
🔔 Key Alert for Followers:
If we see a bullish engulfing candle within the next 48 hours (fully covering the last red candle), that will be a classic entry signal used by pro technical analysts.
🧠 Educational Note :
"Don’t just look at the color of the candle (red or green)… what really matters is the wick length and closing price. A red candle with a long lower wick might actually mean buyers are preparing to strike!"
