Injective (INJ) shows price stability, sparking interest. Analyst CryptoBusy's strategy hints at potential rallies. Can INJ sustain momentum and deliver another significant surge?

Injective's Price Stability: Is a 90% Rally on the Horizon?

Injective (INJ) is showing signs of stability, catching the eye of traders. Can it maintain this momentum and potentially deliver another impressive rally?

Injective Stabilizes Above $11

After a recent pullback from its highs, Injective (INJ) price is demonstrating stability above the $11 mark. Crypto traders are taking note, particularly after insights shared by veteran analyst CryptoBusy.

CryptoBusy's Strategy: A Repeatable Success?

CryptoBusy has been employing a consistent strategy with INJ, yielding multiple high-return trades. His approach focuses on price bouncing off previous resistance zones that have now turned into support, coupled with descending wedge formations. A recent entry occurred after a bounce near $10.75, targeting a short-term move into the $11.20 to $11.30 range.

According to CryptoBusy, INJ has been a reliable performer. His previous long positions have returned over 60% and 90%, utilizing this structure-based method.

Key Technical Levels to Watch

Currently, INJ is trading around $11.20. Immediate support lies at $10.75, aligning with a previous breakout retest. A breakdown below this level could lead to $9.80, the starting point of the last upward surge. The $11.20 to $11.30 range has historically acted as a profit-taking zone.

The presence of a descending wedge pattern on the short-term chart is also noteworthy. When supported by volume and structure, this pattern can signal a reversal if the price breaks out upwards.

Market Sentiment and Potential Rally

Market sentiment surrounding INJ price remains centered on structure-based execution. CryptoBusy's trades suggest renewed interest in the current price zone. As long as support levels hold and the wedge formation remains intact, traders might continue to see the range as advantageous for short-term plays.

Final Thoughts

Injective's price stability, combined with technical indicators and analyst strategies, hints at the potential for another rally. Of course, crypto is crypto, so buckle up and enjoy the ride! Whether INJ can actually pull off another 90% climb remains to be seen, but the stage seems set for some interesting price action.