Evidence still supports a meaningful Q4 low across crypto, but #INJ is one of the stronger-looking #altcoins that may hold up better than many if that scenario unfolds.


$INJ trend has improved and put in what looks like a significant low around $2.60–2.80 then gave us a possible five wave advance into the $6.80-7.00 area.
The correction back didnt make new lows but remained above the major Fib retracement zone.
That is much healthier than many alts.
Important levels to watch ...
Support
$4.57 (0.786)
$4.32 (0.618)
$4.14 (0.50)
Price has spent weeks oscillating around these levels.
That normally represents accumulation
RSI around 53 also suggests momentum is rebuilding rather than deteriorating.
However the rising support line has already been broken once so the original impulsive advance has slowed but price hasn't accelerated lower.
Instead it has transitioned into what could become an ABC correction or a larger sideways wave 4.
In the big picture, if #BTC loses another 20% ish, most alts will probably experience one more flush.
For INJ that could mean revisiting $3.75 or in an extreme market perhaps $3.40
INJ6.89%
BTC4.18%
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