Injective Coin (INJ) Review and Price Analysis
When looking at Injective Coin (INJ), one of the projects that has experienced significant growth recently, from a technical perspective, I observe the range of $33.5-$32.30 as the first support zone I’m closely monitoring. In the event that the price reaches this zone and shows a bullish signal on lower timeframes, I consider taking a long position.
If this zone doesn’t hold, my second support level to watch is $28.5. The current support appears to be at $34.7, which is the previous peak; however, considering the high funding rates, and the tendency for longs from previous peaks to have their stops hit before bouncing back to support, I am also monitoring lower support levels. The first intermediate resistance level I’m watching is $40, followed by the next resistance level at $44.
