$INJ /USDT: Testing Support Amid Market Pressure! 🚨💯

The $INJ /USDT pair is trading at $21.93, reflecting a -10.85% drop over the last 24 hours. The price has ranged between a 24-hour high of $24.79 and a low of $21.91, with significant trading volumes of 1.48M INJ and $34.74M USDT.

📊 Key Insights:

Current Resistance: $23.00

Immediate Support: $21.90 (key level to watch)

Market Sentiment: Bearish, with declining momentum on lower timeframes.

⚡ Potential Trade Setup:

Entry Zone: $21.90–$22.10 (upon confirmation of support holding)

Take Profit (TP):

TP1: $23.00

TP2: $24.00

Stop Loss (SL): $21.50

Technical Overview:

The price is testing a critical support zone near $21.90, which has historically acted as a strong demand area. A failure to hold this level could result in further downside toward the $20.00 mark. Conversely, a bounce from support might drive prices back toward $23.00-$24.00 resistance zones.

🔍 What to Monitor:

1. Volume Spike: An uptick in buying volume may signal a potential reversal.

2. RSI Levels: Check for oversold conditions on shorter timeframes.

3. Break of $21.90 Support: This would confirm further bearish momentum.

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