Analysis for #INJ as of 10/16/2024

1. Price forecast (short-term, medium-term)

• Short-term: The price is fluctuating near $20.67, which is an important level as it coincides with key Fibonacci and EMA levels. If the price can hold above $20.82 (0.5 Fibonacci level), further growth to $22.00 and further to $22.63 is possible.

• Medium-term: A breakout and consolidation above $22.00 will open the way to $24.35, where a strong resistance level is observed. If the price fails to overcome the current resistance, a decline to $19.64 or even $18.18 is possible.

2. Support and Resistance Levels

• Support: $19.64, $18.95, $18.18

• Resistance: $20.82 (0.5 Fibonacci), $22.00, $22.63 (0.27 Fibonacci), $24.35

⚠️ Overall Conclusion

Currently, there is an upward movement from $19.64. Holding above $20.67 is critical for continued growth.