#BinanceHODLerTOWNS The Injective (INJ) currency is currently trading near $13.30 after a strong rebound from the support level of $12.20, supported by the 50-day moving average. Technical analysis indicates relative stability with potential upward momentum, especially if the price manages to break the nearby resistance between $15.50 and $16.00, which could open the way to an extended target at $25. The Relative Strength Index (RSI) is in a neutral position (~52), while the MACD gives a weak buy signal, while the rest of the daily indicators tend to 'sell'. Despite this, stability above $12.20 enhances the chances of short-term technical consolidation. It is recommended to monitor the breakout above $13.50 as an initial signal for positive momentum, and confirmation above $16.00 to confirm the entry into a new upward wave. Overall outlook: Neutral to positive as long as it remains above support and confirms resistance.
