$INJ prints a decisive 4H bullish engulfing breakout, launching from the $7.15 base straight through $8.50 resistance on expanding volume (USD 27.7M 24h).
Technical levels:
• Immediate Resistance: $9.20 - $9.50
• Pullback Support: $8.29 - $8.00 (EMA9 confluence)
• Current Range: $8.78 (+15.2% 24h)
Momentum is strong with EMA9 crossing well above EMA21, though RSI is nearing extended territory. Watching for an orderly retest of $8.30 before the next leg up.
Are you bidding the retest or chasing momentum?
#Injective #CryptoAnalysis #TechnicalAnalysis
Technical levels:
• Immediate Resistance: $9.20 - $9.50
• Pullback Support: $8.29 - $8.00 (EMA9 confluence)
• Current Range: $8.78 (+15.2% 24h)
Momentum is strong with EMA9 crossing well above EMA21, though RSI is nearing extended territory. Watching for an orderly retest of $8.30 before the next leg up.
Are you bidding the retest or chasing momentum?
#Injective #CryptoAnalysis #TechnicalAnalysis