Injective Near-Term Upside: Target $17.59
I see Injective (INJ) building bullish momentum and targeting $17.59 in the short term — roughly a one-week horizon from the current $14.34 despite a recent 6.34% pullback.
Technical signals (momentum oscillators and recent price structure) favor upside continuation if volume confirms; the decline looks like a corrective dip rather than a trend reversal.
I’d take an opportunistic long stance while using position sizing and a stop below key support to limit downside if momentum fails to sustain.
Analysis
Recommendation
Buy selectively (opportunistic entries) with a clear stop-loss below nearby support and size positions to account for volatility; monitor volume and moving-average support for confirmation.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.