Today we have selected two tokens with high trading volume from the tokens listed on Binance for a brief analysis. They are EOS and INJ.
The performance of INJ in 2023 is impressive. It rose with fluctuation, almost staying above the green dotted line. The current price is gradually approaching the green dotted line. When most tokens fell last Thursday, the bulls of INJ strengthened, and the long green candle almost covered the previous decline. Although the price fell for several days afterwards, it did not cover the gains of the long green candle.
Conclusion: Mostly fluctuation. INJ remains bullish on a large scale. There is not much difference between bulls and bears on a small scale. So we come to this conclusion. The green dotted line would provide bullish strength. We set resistance level at 8.2 and support level at 7.0.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
The performance of INJ in 2023 is impressive. It rose with fluctuation, almost staying above the green dotted line. The current price is gradually approaching the green dotted line. When most tokens fell last Thursday, the bulls of INJ strengthened, and the long green candle almost covered the previous decline. Although the price fell for several days afterwards, it did not cover the gains of the long green candle.
Conclusion: Mostly fluctuation. INJ remains bullish on a large scale. There is not much difference between bulls and bears on a small scale. So we come to this conclusion. The green dotted line would provide bullish strength. We set resistance level at 8.2 and support level at 7.0.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
