INJ/USDT — Technical Analysis (4H)
INJ is trading at 7.270 USDT, down 7.28% over the past 24 hours, within a sideways consolidation channel.
Main support: 7.270 USDT (with a liquidity sweep below the channel potentially testing 7.00)
Main resistance: 8.086 USDT (channel high)
Chart pattern: Sideways consolidation channel. The current candle has slightly broken below the lower boundary, indicating selling pressure and a possible liquidity sweep at lower levels before a recovery. The RSI(6) at 31.69 is approaching the oversold zone, suggesting weakening selling pressure in the short term. Consolidation is likely to continue before the direction is determined.
⚠️ This analysis is not an investment recommendation. It is based solely on the technical data visible on the chart.
#INJ #pullback $INJ
INJ is trading at 7.270 USDT, down 7.28% over the past 24 hours, within a sideways consolidation channel.
Main support: 7.270 USDT (with a liquidity sweep below the channel potentially testing 7.00)
Main resistance: 8.086 USDT (channel high)
Chart pattern: Sideways consolidation channel. The current candle has slightly broken below the lower boundary, indicating selling pressure and a possible liquidity sweep at lower levels before a recovery. The RSI(6) at 31.69 is approaching the oversold zone, suggesting weakening selling pressure in the short term. Consolidation is likely to continue before the direction is determined.
⚠️ This analysis is not an investment recommendation. It is based solely on the technical data visible on the chart.
#INJ #pullback $INJ