#INJUSDT has been trading within a well-defined descending channel on the daily timeframe, with the price consistently respecting the trendlines.
INJ is poised to challenge the descending resistance of the channel. A potential breakout and retest of the Bullish (around $28.50 - 31.00 could be on the horizon. This area is packed with liquidity and could propel price towards a breakout.
If #INJ can break above the descending resistance, supported by the liquidity at $31.00 , we could see a strong bullish move toward the major resistance zone around $45.00 .
Should the current resistance hold, we might see a retest of the key support level at $15.40. This retest could provide the necessary rally for a breakout.
INJ is poised to challenge the descending resistance of the channel. A potential breakout and retest of the Bullish (around $28.50 - 31.00 could be on the horizon. This area is packed with liquidity and could propel price towards a breakout.
If #INJ can break above the descending resistance, supported by the liquidity at $31.00 , we could see a strong bullish move toward the major resistance zone around $45.00 .
Should the current resistance hold, we might see a retest of the key support level at $15.40. This retest could provide the necessary rally for a breakout.
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