๐ Paradisers, let's focus on #INJUSDT, as the current trend is hinting at the possibility of a significant bullish rebound from its essential support zone.
๐ Examining #Injective's recent market trends, we notice a steady 32% drop after encountering resistance at a key supply level. However, resilience around the support level of $34.94 is evident, indicating the potential for an upward shift.
๐ Despite current hurdles in setting new highs or breaking past previous peaks, leading to a short-term bearish outlook, the $34.94 mark is critical for #INJ. This level could be the catalyst for a strong bullish surge upon retesting.
๐ As strategic traders, we're always ready with an alternative approach. If #INJ doesn't maintain its stance at the support and declines further, we're looking towards a bullish recovery starting from a lower support level at $31.6. However, be aware that falling below this additional support level might imply extended bearish trends.
๐ Stay versatile in your strategies and focused on the charts, Paradisers. Your ParadiseTeam is vigilantly observing the markets, poised to offer guidance through these shifts.