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$INJ /USDT – Breaking Out or Topping Out? ⚔️📈
$INJ just spiked +12.98% to $14.71! Is this a sustainable Layer 1 rally—or a potential trap before a correction? Let’s break down the data 🔍
📊 Market Overview
📍 Current Price: $14.71
📈 24h High: $14.95
❄️ 24h Low: $12.96
📊 Volume (24h): 2.38M INJ / 33.31M USDT
📉 RSI (6): 64.32 (Bullish—approaching overbought zone)
📍 MA Levels:
• MA(7): $14.54
• MA(25): $13.89
• MA(99): $12.51
📉 MACD Momentum:
MACD not provided, but rising RSI + MA stack = bullish trend confirmation
📈 INJ Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If INJ Holds Above $14.30):
Entry: Above $14.90
Targets: $15.50, $16.80, $18.00+
Stop-Loss: $13.90
🔹 Bearish Scenario (If INJ Drops Below $13.90):
Entry: Below $13.90
Targets: $12.80, $11.50, $10.50
Stop-Loss: $14.90
🔍 Should You Hold or Sell?
✅ Price above all key MAs = bullish strength intact
✅ RSI indicates buyers still in control
⚠️ Overheated RSI + weak volume could hint at upcoming pullback
💡 Pro Tip:
🚀 Watch for a breakout above $15.00 with strong volume—this could lead to an explosive rally
⚠️ If it struggles near resistance, consider trimming or tightening your stop
📢 Bulls or bears—where do you stand on INJ? Let’s debate in the comments!
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$INJ #INJ #Injective #Binance #CryptoTrading #Write2Earn