$INJ is preparing to break the downtrend line – Does the rise begin?
Analysis:
Injective ($INJ) is currently testing a downtrend line that has been extending since March, trading at $25.30 with signs of reversal appearing on the 4H timeframe.
Entry Level: $25.00 – $25.60
First Target: $28.80
Second Target: $32.00
Stop Loss: $23.90
Technical Indicators:
RSI bounces off 50
MACD is about to cross positively
Trading volume is above average in the last hours
Outlook:
A clear breakout above the $26.00 level could open the door for a rapid upward wave, especially with the increasing activity on DeFi protocols built on Injective.