Vanar Chain (VANRY) and Injective (INJ) Show Promising Bullish Patterns; Expert Eyes Major Price Breakouts
Vanar Chain (VANRY) Analysis: Rekt Capital highlights that VANRY is forming a Falling Wedge pattern and needs to retest the $0.088 mark as support to maintain an upward trend, with potential for a breakout if it successfully challenges the Macro Downtrend.
Injective (INJ) Update: Injective has seen price increases but remains within a Downtrending Channel; it must close above this channel's upper boundary on a weekly basis to initiate a new uptrend after a period of decline.
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Technical Analysis for INJ
Technical Sentiment Analysis for Injective (INJ) As of , Injective (INJ) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for INJ stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, INJ is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Injective (INJ) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.244 | 1.947 | 2.704 | 3.407 | 4.164 | 4.867 | 5.624 |
| Fibonacci | 1.947 | 2.505 | 2.849 | 3.407 | 3.965 | 4.309 | 4.867 |
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