INJ/USDT Price Prediction Chart Analysis

Mar 5, 2023

Hello,

#INJ/USDT Technical Analysis Update:-

I have conducted a technical analysis on the INJ/USDT pair, which is currently trading at $3.416. According to my analysis, the projected growth for INJ in 2023 is 270%. However, the price is currently 25% lower than its recent high of $4.582.

Based on the chart, the price has broken down the neck line support and has converted to a bearish zone. Therefore, I am expecting a minimum 30% downward movement from the current price level, with a maximum of 44% to 50% also possible.

It is possible to anticipate another leg down from the $3.65 resistance/retest level. However, if the price goes above $3.80, it would invalidate the bearish chart.

Please take note of the following levels:
Support: $2.48/$2.00
Resistance: $3.80

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