๐ $INJ is approaching the key zone of 5,225 USD.
If it breaks and consolidates above that level, it could quickly move towards 5.5 USD ๐.
However, if rejection occurs, a correction towards 4.8 USD cannot be ruled out โ ๏ธ๐.
๐ Currently, it is in overbought territory, so strongly surpassing 5,225 USD would be a very relevant signal:
๐ It could reverse the accumulated drop of more than -12% in the last 30 days,
๐ Change the market bias,
๐ And finally break the bearish trend that has been dragging on ๐ฅ๐.
๐ฏ๏ธ Total attention to the new weekly candle that opens: it will be key to confirm direction โณ.
Everything will depend on various macro and geopolitical factors ๐๐
๐ Behavior of the S&P 500
๐ Regulatory advances from the SEC
๐ Progress of the ETFs proposed by Canary and Pineapple
๐ Reaction of the global market to the capture of the president of Venezuela
๐ฅ Decisive week for $INJ.
๐ Break = bullish confirmation
๐ Rejection = technical correction
๐ Be alert, the market is about to decide ๐ฃ๐๐