Technical analysis by OceanStaker about Symbol INJ: Buy recommendation (1/9/2025)

In this analysis, I predict that the price will pull back to the shaded area, which is a strong support zone, and undergo a period of consolidation there. Since this support zone has acted as a demand area in the past, I believe the price can hold at this level. I expect some sideways movement at the support level, which could indicate a recovery and accumulation phase for the market. Following this, I anticipate that the price will break out upward from this area and enter a strong uptrend. I've marked the target for this move as the resistance level around 45.59. Of course, if there isn’t enough buyer demand at the support zone, there’s a risk that the price could break downward. For this reason, I think it’s important to closely monitor the price action and breakout signals at the support level. Nonetheless, in this scenario, I assess that there is a strong potential for a long-term upward movement.