INJ/USDT 175% Potential Rally ahead!

May 29

🚀 INJ/USDT Technical Analysis by Cryptorphic 🚀

- Price at Time of Analysis: $26.111
- Key Support Level: $25.451
- Resistance Levels:
- Short-term: $29.069
- Major: $30.512
- Long-term target: $69.785 - $70.007

🔹 Chart Patterns:

- A breakout from the descending wedge pattern.
- Potential bullish movement towards the long-term target indicated in the green zone.

🔸 Moving Averages:

- The price is currently below the 100-day moving average (purple line), suggesting a potential bullish trend continuation if it breaks the level in the coming days. This scenario is highly likely.

📈 Forecast:

- Expecting a price surge towards the $70 range, as depicted in the chart.
- Watch for price action around the major resistance levels for confirmation.


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#PEACE