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📉 Keeping an Eye on #INJUSDT - Key Insights! 📊
The recent movements of $INJUSDT on the 1-day chart have caught our attention. After breaking below the support at $7.884, the price took a dip and retraced to retest that very support level. Currently, we're in the process of retesting the breakout level. Our analysis suggests a potential rejection from this point, likely leading to a continuation back towards the support level.
During this period, we anticipate a consolidation phase. If the market turns bullish, the solid horizontal support might just be the catalyst for an upward push. On the flip side, a bearish scenario could see the price declining further until it reaches the horizontal rectangle around $5.755.
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