INJ Weekly Structure Analysis
is showing an early weekly trend reversal after a major correction from its ATH near 53 USDT.
The downtrend previously formed continuous lower highs and lower lows, but the current structure is beginning to form higher lows (HLs) — an early sign that bearish momentum is weakening and buyers are returning.
Key Levels
Target 1 (~11 USDT): First major resistance and initial breakout confirmation zone.
Target 2 (~22-24 USDT): Requires strong continuation and sustained buying momentum.
Target 3 (~44-50 USDT): Macro bullish target near pre-ATH resistance region.
INJ still trades nearly 10x below its all-time high, despite being one of the strongest performers of the previous cycle.
As long as the weekly higher-low structure remains intact, the probability of a larger recovery continues to increase.
Trade following and enjoy. dyor
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