#INJUSDT | 4 HOUR TIMEFRAME UPDATE
The price of #INJ has reached a critical support zone between $19.300 and $18.00, where a potential bounce to the upside may occur. ๐
However, the setup becomes invalid if the price drops below $15.750.
๐LONG: $INJ (4H)
Current Price $20.52
Market Cap $1.88B
Change 1h -0.65% | 24h -21.44%
4-Hourly Indicators:
โขย RSI: 19 - Heavy Oversold ๐ด
โขย MACD: -1 - Bearish ๐ด
โขย EMA: 25 - Trading Below ๐ด
Analysis:ย
#INJUSDT is poised for a potential upward bounce on the 4-hour timeframe. The critical support zone is between $19.300 and $18.00. If the price dips below $15.750, this setup is invalid.
Price Targets:ย
Watch for resistance around $22.500. If momentum holds, the next target could be $25.000. Stay vigilant for any drops below critical levels! ๐
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