Overall Trend:
INJ/USDT has continued its bullish trend, climbing above the 200-MA on the 4-hour timeframe. The asset is showing strength as it tests key resistance zones.
Support and Resistance Levels:
Resistance: $32.00 - $34.00 (critical supply zone).
Support: $28.50 - $30.00 (recent demand zone).
Technical Indicators:
RSI (14): At 62.67, RSI is moving towards overbought territory but remains neutral, signaling room for further upward movement.
MACD (12,26): The MACD line is above the signal line, indicating bullish momentum with increasing positive histogram bars.
Volume: Rising volume levels support the bullish breakout, indicating strong market participation.
Conclusion:
INJ/USDT is displaying strong bullish momentum as it approaches the critical $32.00 resistance zone. A breakout above this level could pave the way for new highs. Traders should watch for volume confirmation and any signs of rejection at resistance.