INJ/USDT Weekly Chart Analysis
INJ is currently trading at a crucial technical level, touching the strong rising support line of a long-term ascending channel. Historically, this trendline has acted as a reliable base for strong upward reversals.
The Stochastic RSI is also deeply oversold, similar to the levels seen during previous bottoms in early 2022 and early 2023 — both of which led to significant rallies.
If the support holds, INJ could be poised for another upward move toward the key resistance line of the channel.
However, a breakdown below this support would invalidate the structure and could lead to further downside.
INJ is currently trading at a crucial technical level, touching the strong rising support line of a long-term ascending channel. Historically, this trendline has acted as a reliable base for strong upward reversals.
The Stochastic RSI is also deeply oversold, similar to the levels seen during previous bottoms in early 2022 and early 2023 — both of which led to significant rallies.
If the support holds, INJ could be poised for another upward move toward the key resistance line of the channel.
However, a breakdown below this support would invalidate the structure and could lead to further downside.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.