$INJ: Bullish reversal detected on the $INJ daily timeframe.

21 Dis 2024

INJ is a highly underrated project with immense potential. As part of the Cosmos ecosystem, it boasts a state-of-the-art blockchain featuring advanced tools, high speed, and low gas fees.

I’ve been tracking INJ closely as one of my favorite tech projects. While it’s not as popular as SUI, I have strong faith in its technology and long-term potential.

Looking at the charts, INJ has underperformed compared to other altcoins due to a bearish correction on the daily timeframe. However, this correction seems to be nearing its end.

With the weekly timeframe still showing bullish momentum, INJ appears primed for a double push-up. Based on this analysis, I anticipate a strong rally, potentially reaching $30 and even $40 within the next month or two.

DYOR!

24 Dis 2024

Dagangan aktif

Apparentlu this idea is on the right track.
INJ dumped to $20.20 then pumped about %20 and was the 2nd best gainer of yesterday.
Expecting more upward action after a little consolidation.
A cup and handle pattern is in the making, which can lead to another +%20 pump

28 Dis 2024

Pesanan dibatalkan

When will this daily correction finally bottom out? It feels like it’s taking forever!

TradingView is forcing me to close this idea, but I’m still monitoring the price action and will provide updates as needed. I still believe the daily crossover will happen—it’s just progressing very slowly due to the low market activity during the holidays.

2 Jan

Nota

$19 ->$22 today, good upside reaction.

The MACD daily crossover is happening right now!

10 Jan

Nota

Injective's price action is very disappointing.

It falls like a knife and pumps like a hammer.

When BTC dropped 8%, INJ lost 22%. Now that BTC has rebounded from $61k to 64K, INJ is doing nothing.

What does that tell us? This coin is not healthy.

Injective has plenty of projects: AI agents, Helix (a fully featured DEX with lots of pairs), and AUSDT, a stablecoin. But all of this requires a significant amount of cash to operate. And where does that cash come from? Selling $INJ.

Upon further investigation, it appears the tokenomics are misleading.
The reality:
- **54% of all INJ tokens are still owned by the founders.**
- There’s a **14.5% yearly inflation** due to POS minting, meaning a lot of INJ is being minted every month.

My understanding is that INJ’s poor price action stems from market makers milking the coin to death. This is not in the interest of retail investors, who are left with a **-50% drop in their portfolios for 2024.** It’s currently the 6th worst-performing coin in the top 100.

With no signs from management indicating any changes, I’m putting this coin in the “dying coins” category alongside Celestia and Ordi.

I’ll stop holding it and probably stop analyzing it too. A miracle could happen, of course—but without me.

15 Jan

Nota

INJ price is attracted to $23.5. Will BTC allows that to happen?

27 Jan

Nota

Last post about INJ, I have sold all my INJ
- the coin is milked by the team, so there is no hope for a pump
- most coins launched on INJ got rugged.
- 100k INJ are sold avery hours, someone is dumping.
- 14.5 APR is too high, the PoS system is generating too much inflation.
- the tools like tokenstation are buggy and not one cares about.

This coin is dying, and will exit the top 100 like ORDI and others milked coin that are not delivering their premise.