INJ/USDT Technical Analysis by Cryptorphic
- Price at Time of Analysis: $26.111
Key Support Level: $25.451
Resistance Levels:
Short-term: $29.069
Major: $30.512
Long-term target: $69.785 - $70.007
â Chart Patterns:
- A breakout from the descending wedge pattern.
- Potential bullish movement towards the long-term target indicated in the green zone.
âą Moving Averages:
- The price is currently below the 100-day moving average (purple line), suggesting a potential bullish trend continuation if it breaks the level in the coming days. This scenario is highly likely.
â Forecast:
- Expecting a price surge towards the $70 range, as depicted in the chart. Watch for price action around the major resistance levels for confirmation. -
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