INJ Set to Surge as Accumulation Concludes, Wave 3 May Spark Rally

INJ Market Analysis

• Accumulation Zone: INJ is currently in a strong accumulation zone between $6 and $9, indicating robust demand and setting a foundation for a potential Wave 3 markup that could target triple-digit price levels.
• Resistance Breakout: A breakout above the downtrend resistance could activate Wave 3, with key price checkpoints at $30, $50, and $70, which are critical for market reactions and liquidity changes.

Historical Patterns and Trends

• Previous Expansions: Historical data suggests that after accumulation phases, INJ has experienced rapid gains, with past retracements of -87% to -95% often leading to significant markups.
• Market Stabilization: The price has shown stability within the accumulation phase, with consistent buying pressure defending the lower zone, which is crucial for future upward movements.

Wave Analysis and Projections

• Potential Markup Wave: Analysts, including Crypto Patel, indicate that INJ is nearing a crucial downtrend resistance line. A confirmed breakout could initiate a Wave 3 impulse, historically linked to extended price movements.
• Price Targets: If the resistance is breached, projections suggest INJ could reach between $100 and $200, mirroring past rallies that followed similar accumulation patterns.

Market Momentum Indicators

• Technical Signals: Current market momentum is recovering, with indicators like RSI and Stoch RSI rising from oversold conditions, suggesting the potential onset of a markup wave.
• Historical Fractals: Past fractals from 2021 and 2023 show that once INJ broke resistance, expansions were rapid and significant, reinforcing the likelihood of substantial upward movement if similar conditions arise.