Technical analysis by CryptoNikkoid about Symbol INJ: Buy recommendation (8/8/2024)

Check out my other idea on INJ. I'm closely following this coin because it's on my list of the most promising for the upcoming alt season.IINJ has been suppressed by a bearish MACD on the daily timeframe. However, the indicator is about to cross, signaling that the selling pressure may be ending, and a buying trend could follow.- The team is working tirelessly, announcing new updates, bridges, or partnerships almost daily.- They are also burning tokens, which will drive a deflationary trend, especially since there are no more token unlocks, and the tokenomics are free from VC influence.Check out the news here; it's impressive: https://crypto.news/tag/injective/I remain very bullish on IINJ despite its recent underperformance, mainly due to some technical indicator resets.Let's see if this idea follows its path, just like the others.DYORIINJ is pumping as forecasted, doing better than the rest of the market. Now will condinue since the daily MACD signal has crossed.New update about this idea is here: