đ¶ $INJ could be headed for a recovery
Injective has been in a downtrend for a long time đœ It's been falling for a long time, but it might break out of this trend soon.
On the daily timeframe, the token is inside a downward price channel pattern. Last time, the price bounced off the lower boundary and support level at ~$14.8 and went up.
Logically, price is now moving from one boundary to the other boundary of the channel. The resistance level at ~$23.3 coincides with the upper boundary.
To exit the downtrend, the token should break through the two resistances mentioned above. In this case, we can talk about the transition to recovery đ
Crypto-chef community.
