Buy Signal Emerges as Injective’s (INJ) Price Hits December 2023 Lows
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Injective's price may benefit from changing market trends, especially if INJ holders follow bullish cues. Buy signals are evident as the RSI enters an oversold zone, suggesting a price recovery. Increased market participation reinforces the buy signal, indicating growing investor confidence.
Despite current lows, the price has the potential to bounce back if it breaches the $18.5 resistance level. Successfully flipping this resistance into support is essential for initiating a sustainable recovery.
Failure to breach this resistance could invalidate the bullish outlook, potentially causing the price to drop back to $18.5, negating any recent gains.
Fonte: beincrypto.com ↗
