$INJ / USDC Signal Alert
Current Price: $5.78
24h Change: -3.51% (BEARISH)
Market Overview: INJ is experiencing a significant pullback. Selling pressure is heavy, suggesting a continuation of the downtrend.
Key Levels & Next Move
Immediate Resistance: $5.85 - Must reclaim this level to show any sign of recovery.
Key Support: $5.70 - The primary level to watch. A break below $5.70 is likely to accelerate the downside.
Next Move: Expect a direct challenge of the $5.70 support zone. A successful defence is needed to prevent a swift fall to the next level.
Trade Targets (For Breakdown/Short)
TG1: $5.65
TG2: $5.55
TG3: $5.40
Short & Mid-Term Insight
Short-Term: Bearish. Focus on confirming if the $5.70 area can hold demand.
Mid-Term: Downward momentum is strong. Price action needs to establish a new base and consolidate before any bullish reversal can be trusted.
Pro Tip
Monitor the volume during the decline. If the price is dropping on low volume, a reversal is more likely. If volume is high, the downtrend is validated and stronger.
