$INJ update: still in a raising pattern
2024-10-27

Following this weekend’s mini crash when Israel targeted Iran, creating uncertainty and pushing  CRYPTOCAP:BTC  dominance up to 60%, most altcoins experienced another pullback. The  CRYPTOCAP:TOTAL3  index (alts excluding  CRYPTOCAP:ETH  and  CRYPTOCAP:BTC ) has dropped to $500B, impacting the broader altcoin market.

 CRYPTOCAP:INJ  has not performed well, mainly because many early investors who bought at $2 are now gradually taking profits after a 10x gain, creating ongoing selling pressure.

Despite this,  CRYPTOCAP:INJ  continues to build partnerships (most recently with FETCH) and expand listings (such as Upbit), showing sustained investor interest. However, selling pressure has been counterproductive, limiting  CRYPTOCAP:INJ 's ability to rally significantly.

The chart indicates a rising wedge channel, with new support levels forming and higher lows, signaling a shift towards bullish control.

 CRYPTOCAP:INJ  appears ready for an explosive move as profit-taking subsides and new investors hold. The support and resistance levels on the chart will be monitored, with updates as the market unfolds.