INJ/USDT Technical Analysis Overview
INJ/USDT Price Outlook:
INJ has already seen massive gains during this bear market, doing a 10x before the start of the new bull run.
It just broke out of a bullish pennant pattern, signaling a continuation of the uptrend per the technical chart.
The initial price target is around $20.
I'd expect a minor retracement back to ~$9 first to retest the former resistance level.
This would provide a solid buy zone right before the next leg up.
With the bullish pennant breakout, if INJ holds support above $9, the technical analysis points to strong upside potential against USDT.
INJ has already seen massive gains during this bear market, doing a 10x before the start of the new bull run.
It just broke out of a bullish pennant pattern, signaling a continuation of the uptrend per the technical chart.
The initial price target is around $20.
I'd expect a minor retracement back to ~$9 first to retest the former resistance level.
This would provide a solid buy zone right before the next leg up.
With the bullish pennant breakout, if INJ holds support above $9, the technical analysis points to strong upside potential against USDT.
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