๐จ $INJ /USDT โ Breaking Out or Topping Out? โ๏ธ๐
$INJ just spiked +12.98% to $14.71! Is this a sustainable Layer 1 rallyโor a potential trap before a correction? Letโs break down the data ๐
๐ Market Overview
๐ Current Price: $14.71
๐ 24h High: $14.95
โ๏ธ 24h Low: $12.96
๐ Volume (24h): 2.38M INJ / 33.31M USDT
๐ RSI (6): 64.32 (Bullishโapproaching overbought zone)
๐ MA Levels:
โโข MA(7): $14.54
โโข MA(25): $13.89
โโข MA(99): $12.51
๐ MACD Momentum:
MACD not provided, but rising RSI + MA stack = bullish trend confirmation
๐ INJ Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If INJ Holds Above $14.30):
Entry: Above $14.90
Targets: $15.50, $16.80, $18.00+
Stop-Loss: $13.90
๐น Bearish Scenario (If INJ Drops Below $13.90):
Entry: Below $13.90
Targets: $12.80, $11.50, $10.50
Stop-Loss: $14.90
๐ Should You Hold or Sell?
โ Price above all key MAs = bullish strength intact
โ RSI indicates buyers still in control
โ ๏ธ Overheated RSI + weak volume could hint at upcoming pullback
๐ก Pro Tip:
๐ Watch for a breakout above $15.00 with strong volumeโthis could lead to an explosive rally
โ ๏ธ If it struggles near resistance, consider trimming or tightening your stop
๐ข Bulls or bearsโwhere do you stand on INJ? Letโs debate in the comments!
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