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⛓️ Crypto🟢 BullishImportance 6/10Actionable
Injective Flips Bearish Structure After Monthly Order Block Holds: What’s Next for INJ?
🤖AI Summary
Injective (INJ) recovered from a 95% decline with a 4500% rebound after finding support at a monthly order block. The cryptocurrency has broken its bearish structure and analysts have identified liquidity targets at $16, $35, and $53.
Key Takeaways
- →INJ fell nearly 95% from its peak before stabilizing at a higher-timeframe demand zone.
- →The token experienced a strong 4500% rebound from the monthly order block support area.
- →Analysts identified a market structure shift after INJ broke its long-term lower-high trend.
- →Key liquidity targets have been established at $16, $35, and $53 price levels.
- →The bearish structure flip suggests potential for continued upward momentum.
#injective#inj#price-analysis#technical-analysis#market-structure#support-levels#rebound#liquidity-targets
Read Original →via Blockonomi
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