Technical Analysis ($INJ
/USDT💯🔥
Current Price: $21.66 (+13.11% 24h change)
Trend Analysis: The price is in a bullish trend, as reflected by a 13.11% increase in the last 24 hours. The price has recently made a breakout above $21, which could indicate further bullish movement if momentum holds.
Support and Resistance:
Support Levels: $19.04 (24h low), $20.00 (psychological level)
Resistance Levels: $21.73, $22.50 (next potential resistance area)
Momentum Indicators:
RSI (Relative Strength Index): Above 50, showing moderate bullish momentum. Watch out for overbought conditions if it rises near 70.
MACD (Moving Average Convergence Divergence): Bullish crossover observed recently, suggesting sustained upward movement.
Trade Signal:
Buy Signal: A price hold above $21.50 confirms bullish continuation.
Sell Signal: A drop below $20.00 signals a potential price reversal or consolidation.
Target Levels (3 Levels):
🎯 Target 1: $22.00 (Near current resistance and psychological level)
🎯 Target 2: $23.00 (Next key resistance level in the uptrend)
🎯 Target 3: $25.00 (Potential medium-term target based on previous highs)
Trade Momentum: Bullish, with high volume indicating strong participation and buying interest. If the trend continues above $21.50, the price is likely to target the first resistance at $22 and potentially $23. However, caution is advised if the price reverses below $20.