Quick Injective Analysis!
Summary and Perspectives
Short term: The price shows signs of a rebound with a move above the MA7, an increasing RSI, and rising volume. This may indicate a continuation of the upward movement towards the next resistance (MA25 around 15.43 USDC).
Medium term: The underlying trend remains bearish as long as the price does not break above the MA25 and confirm a sustainable reversal.
Key levels to watch:
Support: 12.33 USDC (last low)
Resistance: 15.43 USDC (MA25), then 31.1 USDC (previous horizontal level)
Caution remains advisable:
Caution remains advisable as long as the price has not confirmed a reversal above the MA25. Technical indicators are improving, but the underlying trend remains fragile. Monitoring the evolution of volume and RSI will be crucial to validate the continuation of the rise or a potential return to the downside.
