$INJ is trying to hold its ground around $7.88. 👀
Looking at the daily chart, there are a few things worth watching.
INJ is trading slightly above its 7-day moving average ($7.87) and 25-day moving average ($7.80). That's a small positive sign, but it's too early to call it a trend reversal.
The price recently bounced from the $7.25 area, but it is facing selling pressure again.
Here are the levels I'm watching:
• $7.80 – short-term support area • $7.81 – recent 24h low • $8.20 – nearby resistance • $8.37 – 24h high
For now, I want to see INJ hold above $7.80 and make another attempt at $8.20.
If it loses support, another move down is possible.
I'm not expecting a big move from one green candle. I want to see buyers show some strength first.
What do you think? Can INJ break above $8.20, or will we see another retest of support?
#Injective🔥 #analysis #Altcoins!
Looking at the daily chart, there are a few things worth watching.
INJ is trading slightly above its 7-day moving average ($7.87) and 25-day moving average ($7.80). That's a small positive sign, but it's too early to call it a trend reversal.
The price recently bounced from the $7.25 area, but it is facing selling pressure again.
Here are the levels I'm watching:
• $7.80 – short-term support area • $7.81 – recent 24h low • $8.20 – nearby resistance • $8.37 – 24h high
For now, I want to see INJ hold above $7.80 and make another attempt at $8.20.
If it loses support, another move down is possible.
I'm not expecting a big move from one green candle. I want to see buyers show some strength first.
What do you think? Can INJ break above $8.20, or will we see another retest of support?
#Injective🔥 #analysis #Altcoins!
