Coin

<ul class="news-points"> 
 <li>A crypto analyst under the pseudonym Woetoe warns the community that INJ may face retracement.</li> 
 <li>INJ is priced at $13.41, after facing a fall of 2.49% in one day.</li> 
 <li>Previous selling activity of INJ suggests that it may fall even below the 0.382 Fib level.</li> 
</ul> 
A crypto analyst under the pseudonym Woetoe recently took to X to share his analysis for INJ. While investors expect a bullish trend on INJ, Woetoe believes a retracement to the support and the 0.382 fib level would “make a lot of sense.” The crypto analyst also stated that he is not “longing here.”&nbsp;&nbsp; 
It seems that Woetoe’s analysis may be right as INJ, today, faced a fall of 2.49% in one day. According to CoinmarketCap, INJ is priced at $13.41, at the reported time. Despite the downfall observed in 24 hours, the altcoin still maintains a 19.96% spike in seven days as it trades in the green section of the chart. 
The slight downfall could be a response to its overbought trading activity. Traders believe that after an overbought trading activity, the chances for a retracement could gradually increase. INJ could be witnessing the repercussions, which may have been caused by the massive entry of buyers.…
The post <a rel="nofollow" href="https://coinedition.com/inj-may-retrace-and-fall-to-0-382-fib-level-warns-crypto-analyst/">INJ May Retrace and Fall to 0.382 Fib Level, Warns Crypto Analyst</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

INJ May Retrace and Fall to 0.382 Fib Level, Warns Crypto Analyst

Coin Edition

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