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INJUSDT trade ideas

$INJ update: still in a raising patternFollowing this weekend’s mini crash when Israel targeted Iran, creating uncertainty and pushing CRYPTOCAP:BTC dominance up to 60%, most altcoins experienced another pullback. The CRYPTOCAP:TOTAL3 index (alts excluding CRYPTOCAP:ETH and CRYPTOCAP:BTC ) has dropped to $500B, impacting the broader altcoin market. CRYPTOCAP:INJ has not performed well, mainly because many early investors who bought at $2 are now gradually taking profits after a 10x gain, creating ongoing selling pressure. Despite this, CRYPTOCAP:INJ continues to build partnerships (most recently with FETCH) and expand listings (such as Upbit), showing sustained investor interest. However, selling pressure has been counterproductive, limiting CRYPTOCAP:INJ 's ability to rally significantly. The chart indicates a rising wedge channel, with new support levels forming and higher lows, signaling a shift towards bullish control. CRYPTOCAP:INJ appears ready for an explosive move as profit-taking subsides and new investors hold. The support and resistance levels on the chart will be monitored, with updates as the market unfolds.
Long
by CryptoNikkoid
2
Injective Trading Below Resistance; Lower Low NexxMa200 continues to work as resistance... How are you doing my fellow Cryptocurrency trader? I hope you are having a wonderful day. INJUSDT (Injective) failed to break the MA200 black line as a resistance level. On the 1st of October it was rejected on a wick. Then again on 17-Oct., a rejection. The last rejection led to a minor drop and local higher low. This higher low led to a weak four days bounce, bullish action, but we are seeing a reversal far away from MA200, this level is no longer relevant as the bears gain control of the chart. Can Injective recover and move higher, new highs? Or, will it continue lower and produce a lower low? The chart says it all. We can see how as INJUSDT failed to move above resistance, trading volume continues to drop. This drop in trading volume is the signal that gives away what comes next. Low volume means no action, no action means no traders, no traders means no buying, and no buying means that liquidity needs to be found before we see change. Liquidity can be found at the next support range and this would match perfectly what the other pairs are doing; it would be the resumption of the bearish trend. A new drop is very likely to push all the indicators into oversold. This would create a frenzy of activity, new buyers, high volume and the market can start to turn. The chart is saying down so, down we go. It should be a fast drop and the recovery should be long. It will take just a few weeks for the entire correction to unravel and it will take 3-5 months before INJUSDT moves back above $40 or so. Patience is key. Wait for the next major flush before buying, better prices will be possible next month. Namaste.
Short
by AlanSantana
INJ ANALYSIS🚀#INJ Analysis : 🔮#INJ is trading in a symmetrical triangle pattern on the daily timeframe. 💁‍♂️ We could expect a breakout and reach towards resistance 1 zone and could expect a potential bullish move📈 Expect a bullish wave of around 20-25% in the coming days 🔰Current Price:  $20.20 🎯 Target Price:   $27.35 ⚡️What to do ? 👀Keep an eye on #INJ price action. We can trade according to the chart and make some profits⚡️⚡️ #INJ  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
$INJ update: uptrend until resistance at $27-$28So far, my CRYPTOCAP:INJ forecast has been accurate—you can check my previous analysis. Let’s continue. We are currently in an uptrend. On the 1W chart, both the MACD and RSI have bottomed, signaling a weekly push that should move CRYPTOCAP:INJ up along the uptrend channel shown in this chart. The MACD and RSI are aligned, so once we break through the bearish divergence, the uptrend should continue. If you follow my other updates on CRYPTOCAP:BTC and CRYPTOCAP:TOTAL3 , everything seems to align positively for October. Of course, geopolitical events, like Russia deciding to nuke Israel or Israel attacking Lebanon or Iran, could act as a black swan event and invalidate this idea. For now, I don’t think it’s time to sell; rather, it’s a time to accumulate. The $27-$28 resistance level is more concerning, and we might face a rejection there. However, that’s a different scenario, and I’ll provide another update when we approach that stage.
Long
by CryptoNikkoid
1
INJUSDT.P / H1 / LONGINJUSDT may rise from the order block Bullish Order Block :- 21.974 and 21.648 The price for INJUSDT Perpetual is currently near the bullish order block ranging between 21.974 and 21.648 . As the price has already touched this order block, it suggests potential upward momentum. Based on this, we can anticipate that the price may rise from this level. However, it’s important to monitor how the price reacts within this zone before making any decisions, as price movements around order blocks can vary depending on market conditions. My analysis suggests :- Entry Price :- 21.962 Take Profit :- 23.022 Stop Loss :- 20.895
Long
by PraveenTrader1
Injective ($INJ) Soars Over 10% After Major Exchange ListingThe price of Injective ( CRYPTOCAP:INJ ) has surged more than 10% today, reflecting a wave of optimism sweeping through the market after Upbit, one of South Korea’s leading cryptocurrency exchanges, announced its listing of the token. As of writing, INJ is trading just below $24, a critical resistance level that could potentially pave the way for a new all-time high (ATH). Key Developments Behind the Surge 1. Upbit Listing: The primary driver of today's rally is the announcement by Upbit, South Korea’s top exchange, that it will list Injective in both the KRW (Korean Won) and USDT markets. This significant endorsement signals the exchange's confidence in the long-term viability of INJ. The listing, set to go live at 18:15 on October 17, 2024, is expected to enhance liquidity and attract a broader base of traders, including both retail and institutional investors. 2. Market Sentiment: The listing has injected fresh confidence into the market, pushing Injective’s price to surge past $23 and potentially target the $24 mark, a key resistance level. If breached, market analysts believe that INJ could see further gains, possibly touching or even surpassing its previous ATH of $52.75. 3. Strategic Trading Rules: Upbit has introduced specific trading restrictions to ensure market stability during the initial hours. These include a temporary buy limit for the first five minutes of trading and a cap on sell orders that fall below 10% of the previous day’s closing price. These measures aim to protect traders from excessive price volatility as trading begins. The Broader Market Context Injective’s strong performance isn’t happening in isolation. The broader crypto market has seen a resurgence, with leading digital assets like Bitcoin recently surpassing the $68K mark. This has bolstered confidence in altcoins, particularly as investors anticipate further growth fueled by broader market trends like the “Uptober” rally and optimism surrounding the upcoming U.S. elections. In this favorable environment, the positive sentiment surrounding Bitcoin has trickled down to top altcoins like INJ. The anticipation that altcoins will follow Bitcoin’s bullish trajectory could further support INJ’s price action in the coming days and weeks. Technical Outlook: From a technical perspective, Injective is showing signs of strength. Currently, CRYPTOCAP:INJ is trading with an RSI (Relative Strength Index) of 53.56, which indicates moderate momentum. Though the price retraced slightly after hitting a recent high of $23.18, it remains above key moving averages, signaling that bulls are still in control. If CRYPTOCAP:INJ can maintain this momentum and break through the critical $24 resistance level, the next significant price target would be its previous ATH of $52.75. We suggest that this price point could act as a catalyst for even further gains, particularly if market conditions remain favorable. Strengths of Injective Beyond the immediate price action, the fundamentals of Injective continue to attract investor interest. The platform is built to provide decentralized finance (DeFi) solutions, with a focus on enabling fast, low-cost transactions across a variety of blockchain networks. With the rise of decentralized exchanges (DEXs) and Layer-2 solutions, Injective’s technology is well-positioned to capture a growing share of the DeFi market. Additionally, Injective’s partnerships and growing adoption across various decentralized finance ecosystems further strengthen its long-term outlook. As a blockchain optimized for high-performance trading and cross-chain capabilities, Injective is emerging as a key player in the rapidly evolving DeFi space. Conclusion: A Path to New Highs? With the South Korean market opening up to Injective via Upbit’s listing and a favorable macroeconomic environment, INJ’s price is poised for further growth. If the token can break through the $24 resistance level, it could set the stage for a new ATH and solidify its position as a top altcoin in the DeFi sector.
Long
by DEXWireNews
INJUSDT Strong Bounce and Trendline Breakout. 3-Digit Potential!INJUSDT has bounced off a significant support level and executed a powerful breakout from its trendline. With the 2021 ATH acting as major support, we anticipate a bullish momentum building toward the $30 mark. Given the current market dynamics, a move into the three-digit territory seems possible in the near future. Keep an eye on this one for potential upside! INJUSDT Currently trading at $21.7 Buy level: Above $21 Stop loss: Below $17.5 TP1: $25 TP2: $30 TP3: $39 TP4: $53 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
#injusdt #injective. Inverse head and shoulders. Get long#crypto. A strong pattern with a high probability trade has formed on injective. We have an inverse head and shoulders pattern. We have broken through the neckline. Not is has retested the neckline and turned resistance into support. This is a perfect formation to drive the price to the target from the inverse head and shoulders of 28. Get long now at 20.33 RSI is climbing higher and higher on each new low indicating the buyers are back in control. STO has bottomed out at 30 and is ready to bounce back to 70. Volume is not doing much though. Target 1 is 28 bucks. From 20.33. That is an unleveraged possible 38% play. Worth the risk. Stop out at 18. Crypto can be a nasty place so dont ride the elevator all the way back to ground. GL and message me if you would like me to look at particular charts and provide my opinion.
Long
by thecryptochart
Alikze »» INJ | Reverse head and shoulders pattern - 12H🔍 Technical analysis: Suspect an inverted head and shoulders pattern - In the analysis presented in the 12-hour time frame, it was mentioned that in case of selling pressure in the range of $25, the correction will continue until the Fibo range of 1.618 in the range of $18.75. - It is currently moving in an ascending channel. - It has faced selling pressure in the middle of the channel. - Due to the formation of the inverted top pattern, in case of breaking the Fibo 1.618 and stabilizing below the 18.75 area, the correction will continue until the liquidity area and the origin of the movement. - Therefore, according to the zigzag correction structure, this correction can extend to the liquidity area and complete the correction leg C in the specified areas. 💎 Alternative scenario , if it stabilizes in the range of 18.75, it can grow to the middle of the channel in the first step and then to the range of the supply area of ​​$25. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:INJUSDT
Short
by alikze