🔷️ $INJ is holding a critical long-term structure 📊
On the weekly chart, the rising trendline has repeatedly acted as major support. The latest sell-off once again reached this area and produced a strong reaction.
Price then recovered but was rejected near the previous resistance zone. Now the structure is tightening between long-term support and overhead resistance.
🔎 The key point is whether #INJ can maintain this broader trend structure. A breakout would strengthen the recovery, while losing the rising trendline could significantly weaken the setup.
The long-term trendline remains the most important part of this chart. 🔥
⚠️ This is not financial advice.
#INJ #crypto #DeFi #bitcoin
On the weekly chart, the rising trendline has repeatedly acted as major support. The latest sell-off once again reached this area and produced a strong reaction.
Price then recovered but was rejected near the previous resistance zone. Now the structure is tightening between long-term support and overhead resistance.
🔎 The key point is whether #INJ can maintain this broader trend structure. A breakout would strengthen the recovery, while losing the rising trendline could significantly weaken the setup.
The long-term trendline remains the most important part of this chart. 🔥
⚠️ This is not financial advice.
#INJ #crypto #DeFi #bitcoin
