The price of Injective (INJ) shows some stability above the $11 level after pulling back. Traders on platform X are noticing this, especially after several well-timed entries shared by experienced analyst CryptoBusy.
Current Market Situation for INJ
Currently, the INJ price is trading around $11.20. The nearest support sits at $10.75, aligning with a previous breakout retest. If that fails, the next key level is $9.80.
Trader Strategies and Key Levels
Analyst CryptoBusy employs a simple, repeatable strategy with INJ, which has yielded multiple high-return trades. He described his recent positions based on bounces off previous resistance levels that have flipped into support. His latest entry was made after a bounce near $10.75, aiming for a short-term move into the $11.20-$11.30 range.
Future Price Movement Prospects
Analysis shows that the current price zone is attracting renewed attention from market participants. As long as support levels hold and the wedge formation remains intact, traders may continue to view this range as favorable for short-term positioning.
Injective's price signals interesting opportunities for traders, and monitoring key levels may provide entry points into the market.
