#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. 📈
However, the setup becomes invalid if the price drops below $15.750.
📈LONG: $INJ (4H)
Current Price $20.52
Market Cap $1.88B
Change 1h -0.65% | 24h -21.44%
4-Hourly Indicators:
• RSI: 19 - Heavy Oversold 🔴
• MACD: -1 - Bearish 🔴
• EMA: 25 - Trading Below 🔴
Analysis:
#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:
Watch for resistance around $22.500. If momentum holds, the next target could be $25.000. Stay vigilant for any drops below critical levels! 📈
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