Forecast for Long Term for INJUSDT -- Current Market Overview --
Price (as of May 28, 2025): INJ/USDT is trading at approximately $15.01, with a 24-hour increase of 4.93–10.79% and a weekly gain of 23.1–24.94%.
# Market Sentiment: Recent Wave indicate bullish sentiment, with analysts noting a breakout from a monthly demand zone and support at a weekly fair value gap (iFVG). The price has broken a higher-time-frame (HTF) downtrend, suggesting potential for further upside.
Market Cap and Volume: INJ has a market cap of $1.5B and a 24-hour trading volume of $218.9M, reflecting strong liquidity and interest.
-- Technical Analysis --
Price Action and Key Levels
# Support: The price recently found support at the $9.32–$10.00 demand zone, with a low of $6.5 in the past six months. The weekly iFVG and monthly demand zone around $10–$11 have held, acting as strong support.
Resistance: Key resistance levels are at $16.13 (short-term), $20–$25 (weekly target), and $33 (top of a multi-year descending wedge). A break above $16.13 could signal a mid-term swing toward $48.
Price Structure: INJ is in a bullish phase, having broken out from a descending wedge on the weekly chart and reclaiming the 21-day EMA. The price is trading above the 50-day SMA ($10.02) and 200-day SMA ($14.03 projected for June), indicating bullish momentum.
-- Disclaimer --
This analysis is based on recent technical data and market sentiment from web sources. It is for informational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading.
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