INJ broke its own support today, then bounced straight back above $7.00. That is the chart I am watching this afternoon.
$INJ is down -14.4% at $7.02, on $29.4M volume. The high is $8.25, the low $6.56.
The morning support at $6.658 did not hold. INJ printed a new low of $6.56 — then put in four green hourly closes in a row and climbed back over $7.00.
Tomorrow, November 16, the Veyra upgrade vote closes. The latest snapshot has turnout at about 33%, just short of the 33.4% quorum, with around 71% in favour. The vote was the reason INJ pumped earlier this week. Now the question is whether the vote can close — and whether the price still cares.
The levels I am watching:
Support: $6.56
Resistance: $7.30
Trigger: an hourly close above $7.13 would tell me buyers are pushing the recovery
Invalidation: an hourly close back under $6.56 and the bounce was just a bounce
A governance vote does not stop a market sell-off. But a bounce off a new low with the vote one day away is worth watching.
Do you think the vote still matters if the whole market keeps falling?
#INJ #Crypto #Binance
Not financial advice.
$INJ is down -14.4% at $7.02, on $29.4M volume. The high is $8.25, the low $6.56.
The morning support at $6.658 did not hold. INJ printed a new low of $6.56 — then put in four green hourly closes in a row and climbed back over $7.00.
Tomorrow, November 16, the Veyra upgrade vote closes. The latest snapshot has turnout at about 33%, just short of the 33.4% quorum, with around 71% in favour. The vote was the reason INJ pumped earlier this week. Now the question is whether the vote can close — and whether the price still cares.
The levels I am watching:
Support: $6.56
Resistance: $7.30
Trigger: an hourly close above $7.13 would tell me buyers are pushing the recovery
Invalidation: an hourly close back under $6.56 and the bounce was just a bounce
A governance vote does not stop a market sell-off. But a bounce off a new low with the vote one day away is worth watching.
Do you think the vote still matters if the whole market keeps falling?
#INJ #Crypto #Binance
Not financial advice.
