Injective begins to turn the heads while its weekly graph indicates a possible bull reversal. The price of the INJ has climbed a hollow of several months and is now approaching a level of key resistance on which many traders keep an eye. One of them is cryptocurrency, a high -level analyst, who posted on X that an escape greater than $ 10 could trigger a much more important decision.
In writing, Inj Price is negotiated at around $ 9.39, a little less of this $ 10 bar. It is a level that attracts a lot of attention, with traders who look closely to see if the token can pierce and start a stronger rally, or if it will be rejected and recover in its range.
Injective price structure and trend lines
The weekly chandelier graph shows that is trying to move from a long -term downward trend. The price of the injective has always respected a descending trend line from its top of all time around $ 25 to $ 28. However, recent candles indicate a rupture above this line, suggesting the end of the extended bearish phase.
The current pattern resembles a falling corner break, generally associated with trend reversals. Supporting this view, the graph also shows a rounded background formation which reflects prolonged accumulation between $ 6 and $ 10. This range has experienced constant purchasing interests in recent months, depending on the structure of the graph.
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Support areas and INJ prices resistance
The activity of historical prices highlights the key levels acting both as a support and resistance. The $ 6.00 zone at $ 6.20 served as a reliable support area during the previous decline. Secondary support is near the $ 8.00 mark, which also took place during past samples.
Uplining, $ 10 remains the most immediate resistance. This level has acted several times as a turning point, and the current weekly candle tests it. If the INJ price has more than $ 10, resistance at $ 12 and $ 14 could follow. More above, the areas around $ 18 to $ 25 are long-term objectives, although depending on the upward extension.
In addition, volume activity shows a gradual increase in green candles, pointing to increasing interests during increases. Although a highest point in volume is not yet visible, regular participation has contributed to pushing the price on the rise from support areas. If this trend continues, it could support a higher short -term price action.
Cryptorane analysis aligns with this observation. His tweet noted that an escape of more than $ 10 would trigger a bullish reversal. The combination of technical configurations and growing trading volume reinforces the possibility of a change in structure.
Price prospects and risk levels
If INJ maintains its current trajectory and confirms an escape greater than $ 10, the price could target resistance areas of $ 12 and $ 14. This would represent a double potential of its recent stockings. However, non-compliance with this level may lead to a retracement around $ 8 or even the $ 6 support area.
The merchants look closely at the table while the token hangs at a technical inflection point. That the injective price confirms its optimistic reversal or returns In a consolidation phase will probably depend on the reaction of prices in the $ 10 area in future sessions.
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