$INJ just jumped about 14% overnight after launching an Institutional Rail for banks, and it's the only coin I'm tracking that's flashing green while Bitcoin wobbles. Real breakout? 🚨
Price is around $8.10 to $8.16, above every major moving average, with a 24-hour range of $7.59 to $8.20. The daily RSI is near 72, so it's strong but close to overbought. 👀
Levels I'm watching:
🟣 $8.43: major resistance, the breakout target
🔴 $8.12: immediate resistance, being tested now
🟢 $7.75: 21-day average, the bulls' line
⚠️ Lose $7.40 and the 50-day average gives way
The catalyst is real: Injective's Institutional Rail went live on November 2, targeting banks and trading firms, and new on-chain options markets cover equities, commodities and AI compute.
My plan: no chasing an overbought candle. I want a daily close above $8.25 to $8.43, or a pullback that holds $7.75, before I add. I'm out if $7.40 breaks.
Breakout or blow-off? 👇
#İNJ #injective #defi #crypto #cryptotrading
@Ismeidy @Zetoshi X @Wise Analyze
Price is around $8.10 to $8.16, above every major moving average, with a 24-hour range of $7.59 to $8.20. The daily RSI is near 72, so it's strong but close to overbought. 👀
Levels I'm watching:
🟣 $8.43: major resistance, the breakout target
🔴 $8.12: immediate resistance, being tested now
🟢 $7.75: 21-day average, the bulls' line
⚠️ Lose $7.40 and the 50-day average gives way
The catalyst is real: Injective's Institutional Rail went live on November 2, targeting banks and trading firms, and new on-chain options markets cover equities, commodities and AI compute.
My plan: no chasing an overbought candle. I want a daily close above $8.25 to $8.43, or a pullback that holds $7.75, before I add. I'm out if $7.40 breaks.
Breakout or blow-off? 👇
#İNJ #injective #defi #crypto #cryptotrading
@Ismeidy @Zetoshi X @Wise Analyze
