๐ INJ/USDT Technical Analysis - Price Action Update and Key Targets ๐ฏ
The price of INJ has surged by +19.14% in the last 24 hours, currently trading at $20.04. With a strong uptrend in motion, letโs break down the key levels to watch for potential entries and exits.
๐ Current Market Overview:
24h High: $20.06
24h Low: $16.76
Volume: 1.83M INJ / 33.42M USDT
SAR (Stop and Reverse): 17.84
The SAR indicator suggests that the current support level is around $17.84, showing strength in the bullish trend.
๐ฉ Key Levels to Watch:
1. First Target โ $20.50 (Resistance Zone)
INJ has recently hit a high of $20.06, and the next logical resistance level lies around $20.50. If the bulls maintain momentum, this level could serve as a breakout point. A solid close above $20.50 may signal further bullish movement towards the next major resistance.
2. Second Target โ $21.50 (Psychological Resistance)
Beyond $20.50, $21.50 becomes the next key psychological resistance area. This target has been historically significant, and a breach here could trigger a larger rally. Traders should monitor for consolidation or a pullback around this level before making their next move.
3. Third Target โ $22.50 (Extended Target)
For aggressive traders, the extended target lies around $22.50. A breakout above $21.50 would suggest an extended bull run, pushing prices towards this next zone. However, this level should be approached with caution as it may lead to increased volatility.
