INJ / TetherUS
Long

INJ/USDT – Symmetrical Triangle Approaching Major Breakout?

248
Full Analysis:
INJ/USDT is currently consolidating within a daily symmetrical triangle pattern, where lower highs (seller pressure) meet higher lows (buyer defense). This pattern usually signals a phase of compression before a strong directional breakout, typically occurring as price approaches the apex of the triangle.

Right now, price sits around 13.35, testing a critical demand zone that overlaps with the 0.5–0.618 Fibonacci retracement (12.90–12.12). This makes the zone a make-or-break area: holding above could fuel a bullish breakout, while a breakdown would likely trigger further bearish momentum.

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🔼 Bullish Scenario

Trigger: A daily close above the triangle’s upper trendline (~15.0), followed by a confirmed breakout above 16.22.

Additional Confirmation: Increasing volume during breakout.

Upside Targets:

🎯 T1: 16.22 → confirmation of breakout.

🎯 T2: 19.74 (key historical resistance).

🎯 T3: 25.90 (next major resistance).

🎯 T4: 33.99–35.26 (previous high & ultimate bullish objective).


Invalidation: Failure to hold above 16.22 after breakout and a return back inside the triangle.

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🔽 Bearish Scenario

Trigger: A daily close below the ascending trendline and the 12.90–12.12 demand zone.

Additional Confirmation: Strong selling volume and clear rejection candles below the zone.

Downside Targets:

⚠️ T1: 9.50 (psychological support & measured move projection).

⚠️ T2: 6.34 (major historical low).


Invalidation: Quick recovery and reclaim above 12.9–13.5.

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📐 Pattern & Technical Logic

Symmetrical Triangle → Neutral structure, representing market indecision before a strong move.

Measured Move Projection → Height of the triangle (~3–4 points) projected from the breakout point → aligns with ~19.7 to the upside or ~9.5 to the downside.

Golden Fibonacci Zone (0.5–0.618 / 12.90–12.12) → Often acts as the last stronghold for buyers in a mid-term structure.

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📝 Key Insight

If INJ manages to break and sustain above 16.22 with strong volume, it could trigger a major bullish continuation toward higher targets.

Conversely, a decisive breakdown below 12.12 would confirm bearish momentum, opening the door for a deeper retracement toward 9.50 and 6.34.

With volatility squeezing near the apex, a large directional move is very likely in the coming weeks.

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🎯 Conclusion

INJ is approaching a critical decision point:

Above 16.22 = bullish breakout with significant upside potential.

Below 12.12 = bearish breakdown with deeper correction ahead.


Traders should wait for a confirmed daily breakout before committing to a direction. Whichever side wins, the risk/reward opportunity is substantial.

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