$INJ
INJ – Has the time for “revival” arrived?
After a deep decline to the level of 6.34 USD, Injective (INJ) is experiencing a strong recovery, rising over 100% in just a few weeks. Is INJ starting a new bullish cycle?
The daily chart of INJ/USDT shows clear reversal signals:
✅ Strong recovery from the bottom of 6.34 USD to nearly 15 USD, establishing a medium-term upward trend.
✅ Breaking MA20 & MA50 – technical signs for a sustainable bullish trend.
✅ Volume is steadily increasing, indicating stronger buying pressure.
✅ Bollinger Bands are expanding, with increased volatility – a sign the market is preparing to break out.
✅ Nearest resistance: 16.5 USD | Short-term support: 13.0 USD.
📌 If it breaks through the 16.5 USD area, INJ could target 20 – 22 USD in the medium term.
What do you think? Is INJ just undergoing a “technical bounce,” or is this a strong rebound marking the start of a new bullish cycle?