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Injection (INJ) can be prepared for the next re -resistance test of USD 10, because its price is trying to confirm the key level of support. Some analysts suggest that cryptocurrency can prepare for a breakthrough and a huge stubborn reversal.
Eyes for injection $ 10 again
Over the past month, Invijecve increased by about 43% from the 18-month lowest registered on April 7. When recovering last month, the cryptocurrency inflated from USD 6.34 to the 10 USD barrier, reaching the highest level of USD 10.63.
Int has been in a decline since reaching USD 35.26 in the amount of USD 4.26, which is almost 75% in the last six months. The Crypto Rand analyst noticed that the token tried to break free from the inheritance trend, but he met with forceful resistance around USD 9.5-10.
After a recent jump, the incident was rejected in this field, and some market observers suggestion that this can supplement 9-9.20 USD levels as a support before another breakthrough attempt.
During the weekend season, the INT price affected these levels, saving from 9.00 to 9.40 USD and briefly falling to USD 8.90 before bounce. After a decrease in 4.8% of cryptocurrency, he tries to confirm this level as support, which can aid in the reinforcement force injection for the next push above the key zone and resistance to $ 11-12.
Crypto Rand noticed that the breakthrough “$ 10 would cause upside reversal”, which could also drive the symbol towards a barrier worth 14 USD, lost at the beginning of March. In particular, this level was a key horizontal level from the pump after the November election, serving as key support and resistance.
Unit ready for a breakthrough?
Meanwhile, the Sjuul analyst from Altcryptogems emphasized the massive, opposite pattern of the head and shoulders on the in chart, noting that investors should pay attention because “this is one of the strongest inversion patterns.” This formation is a stubborn reversal chart that suggests a potential transition from a downward trend to an upward trend.
According to the cryptocurrency chart, it has created this configuration in the last two months, with a neckline at the resistance level of USD 10.30. Breaking out of the neckline can cause a significant augment in the direction of 14 USD.
Lennaert analyst confirmed The fact that Inj “feels like absolute theft” in the current extent because he believes that cryptocurrency is probably not lower than the key support of 2023 for around 5.5 USD.
The analyst suggested that if the rush turns to Altcoins, the price in “will return to the ups in a short time”, adding that he has “one of the strongest bases of all projects.”
In particular, the project announced That “for the first time all wonderful 7 stocks are live in a chain through injection” to “redefine Wall Street and Finance forever.”
According to the statement of May 6, Applt Microsoft, Microsoft, Amazon’s Amzn, NVDA NVIDIA, Meta, Google Googl and TSLA TESLA are now “fully interchangeable 24 hours a day, 7 days a week as part of Iasses Issetesses Isstraise.
From this letter Int trades at USD 9.25, which is an augment in monthly time frames by 27.2%.
A distinguished painting with unmplash.com, chart from tradingview.com
