#BTCBreaksATH110K $INJ

INJ
INJ
3.128
-5.69%

INJ just lit up the charts with a powerful bounce, and it’s pushing straight into a major resistance zone - bulls are eyeing the next leg.

🔍 Chart Breakdown

📉 Previous Trend:

INJ/USDT was in a firm downtrend from the $35+ zone, bleeding out into a low around $6.34 in April. Since then, it's been grinding upward, forming a steady series of higher lows and testing previous support-turned-resistance zones.

📊 Current Price:

$13.9 (+6.27% today)

🔮 Resistance Zone (Major):

$15.30–$16.28 – Strong supply zone from past support now flipped. Price is testing this for the third time, making it a key breakout level.

🟱 Support Levels:

$12.00 – Previous consolidation and breakout point

$10.00 – Psychological and structural support

$8.50 – Mid-April base before the bullish run

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📈 Volume:

Volume is building, showing buyers are stepping up. Breakout looks supported by momentum – watch for confirmation candles.

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📌 Market Structure

INJ has shifted into a bullish market structure, printing higher highs and higher lows. The current push looks like a retest of a major horizontal level (potential breakout of previous range). If this structure holds, it’s a classic bullish continuation setup.

✅ Buyers are in control

📉 Sellers failing to push price below $12 confirms demand

đŸ”„ Watch for a clean break and retest of $15.30–$16.28

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🚀 What’s Next?

✅ Break above $16.28 = move to $17.97

✅ Break above $17.97 = opens path to $22.17

⚠ Rejection here = likely pullback to $12.00–$11.50

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🎯 Trade Plan (DYOR)

Primary Setup:

Entry: Break and close above $16.30 on strong volume

TP1: $16

TP2: $20

SL: Below $13.20 (invalidate bullish structure)

Alternative Setup:

Dip Buy: Rejection at $16.28 with bounce from $12.00–$12.50 zone

SL: Below $11.00 — lose that, and bulls lose control short term

⚠ Disclaimer:

This post is for informational and educational purposes only. It is not financial advice. Always do your own research and use proper risk management.

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