Injective just broke its own low — and then bounced.
$INJ is at $7.50, down 6.1% in 24 hours, on $12.1M of volume. Range today: $7.36 to $8.09.
This morning it was sitting on $7.43. Then it slipped under that, made a new low at $7.36 — and in the last hour it is climbing back, $7.43 to $7.50.
Levels I am watching:
• Support: $7.36 (today's low)
• Resistance: $7.55 (where the bounce is running into sellers)
• Trigger: holding above $7.55
• Invalidation: losing $7.36
A coin that falls in a straight line usually needs a reason to stop. I could not verify a news reason for INJ today — this looks like market-wide selling hitting a coin with no buyers stepping in. The bounce off $7.36 is the first sign of buyers, but it is one hour, not a turn yet.
$7.36 is the line now. If it holds, the slide pauses. If not, the next level is a guess.
Not financial advice. Do you buy straight-line drops, or wait for the bounce?
#INJ #Crypto #Binance
$INJ is at $7.50, down 6.1% in 24 hours, on $12.1M of volume. Range today: $7.36 to $8.09.
This morning it was sitting on $7.43. Then it slipped under that, made a new low at $7.36 — and in the last hour it is climbing back, $7.43 to $7.50.
Levels I am watching:
• Support: $7.36 (today's low)
• Resistance: $7.55 (where the bounce is running into sellers)
• Trigger: holding above $7.55
• Invalidation: losing $7.36
A coin that falls in a straight line usually needs a reason to stop. I could not verify a news reason for INJ today — this looks like market-wide selling hitting a coin with no buyers stepping in. The bounce off $7.36 is the first sign of buyers, but it is one hour, not a turn yet.
$7.36 is the line now. If it holds, the slide pauses. If not, the next level is a guess.
Not financial advice. Do you buy straight-line drops, or wait for the bounce?
#INJ #Crypto #Binance
