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$INJ INJ/USDT Technical Analysis – 14th January 2025 🚨
The Injective Protocol (INJ) has shown a strong upward trend today, trading at $20.60 (+7.46%), indicating bullish momentum. Let’s dive into the key levels and targets for traders to consider:
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🔎 Key Market Insights
24h High: $21.05
24h Low: $18.51
24h Volume: 1.57M INJ (~$31.10M USDT)
Support Zone: $18.50–$19.00
Resistance Zone: $21.00–$21.50
🎯 Price Targets
1️⃣ First Target – $22.00:
Rationale: Breaking through the $21.05 resistance with strong volume could push the price to $22.00, the next psychological and Fibonacci retracement level.
Strategy: Watch for a breakout above $21.05 with confirmation from rising MACD and Bollinger Bands expansion.
2️⃣ Second Target – $23.50:
Rationale: If bullish momentum continues, INJ could aim for $23.50, where historical data shows significant seller activity.
Strategy: Keep an eye on EMA crossovers and increasing trading volume.
3️⃣ Third Target – $25.00:
Rationale: A sustained bullish rally driven by market sentiment and high trading volumes may push INJ to $25.00, marking a critical resistance zone and a 20% gain from the current price.
Strategy: Trail your stop-losses and monitor SAR indicators for reversal signs.
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📊 Technical Indicators Overview
MACD: Bullish crossover indicates continued upward momentum.
Bollinger Bands: Expanding, suggesting increased price volatility.
RSI: Approaching overbought territory but still within a bullish range.
Let us know your thoughts on INJ's performance or share your analysis below! 🚀
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