Technical analysis by blocknology about Symbol INJ: Sell recommendation (6/9/2025)

INJ Analysis:Injective (INJ) is nearing the completion of a right shoulder in a potential chart pattern, with a double bottom forming below, indicating a strong liquidity level. There’s also a high-probability demand zone right after that liquidity level, so i can expect that institucional buyers are looking for that levels for an entry to start the next big leg up.Short term Sell idea with target ending in a Long term buying idea.BTC Outlook & Altcoin Impact:I expect Bitcoin (BTC) to climb to around $96,000 before its next major upward move. If this happens, it supports the idea that some altcoins, like INJ, may dip to capture untapped liquidity at lower levels before rallying.