The price of INJ USDT is finding support at the hourly Demand Zone and 4 hourly Support Zone. A break above the 1 hour 0.382 Fibonacci level at 36.02 could lead to a test of the 4 hour Supply Zone #1.
Meanwhile, a break below the 4 hour Support Zone #1 could bring the price down to test the lower Fibonacci support levels.
For a more in-depth technical analysis across different timeframes, please click the link to view the identified levels of support and resistance, trends, and reversal patterns on the weekly and daily charts.
4 Hour Timeframe
The price is currently trading between the Support Zone #1 (34.54-33.62) and Resistance Zone #1 (44.83-43.40). It has formed a Supply Zone #1 (39.05-37.89) based on the recent highs and lows.
On the Fibonacci retracement, the 0.382 and 0.50 levels around 36.81 and 37.76 respectively could provide resistance on any upside move.
While the 0.618 and 0.786 levels around 38.75 and 40.14 could act as resistance. Downside support lies at the 0.882 level of 40.94.
Fibonacci Retracement Levels
0.382 | 36.81 |
0.50 | 37.76 |
0.618 | 38.75 |
0.786 | 40.14 |
0.882 | 40.94 |
Support / Resistance Zone
S/R Type | High | Low |
Support Zone #1 | 34.54 | 33.62 |
Resistance Zone #1 | 44.83 | 43.40 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 39.05 | 37.89 |
1 Hour Timeframe
1 Hour Timeframe: The price recently formed a Demand Zone #1 (35.46-34.81) based on the hourly swing lows. It has pulled back up testing this zone.
The 0.382 and 0.50 Fibonacci retracement levels around 36.02 and 35.79 respectively provide resistance on further upside move in the near term.
Downside is supported at the 0.618 and 0.786 levels around 35.56 and 35.23. Below this, support lies at the 0.882 Fibonacci level of 35.04.
A bullish fair value gap was formed between 35.89-35.44 which needs to be filled on further upside momentum.
Fibonacci Retracement Levels
0.382 | 36.02 |
0.50 | 35.79 |
0.618 | 35.56 |
0.786 | 35.23 |
0.882 | 35.04 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 35.46 | 34.81 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 35.89 | 35.44 |