انجیکٹیو پرائس اینالیسس 18/04: INJ بیئرز نے منافع لینے اور کارکردگی کے حوالے سے تشویش کا اظہار کیا

انجیکٹیو پرائس اینالیسس 18/04: INJ بیئرز نے منافع لینے اور کارکردگی کے حوالے سے تشویش کا اظہار کیا

ٹائم سٹیمپ: 18 اپریل 2023 صبح 7:04 بجے

چوری چھپے جھانکنا

  • آئی این جے منڈی experiences a bearish trend driven by profit-taking and performance concerns.
  • Stochastic RSI suggests INJ market may soon reverse to bullish momentum.
  • Traders should be cautious due to oversold conditions and increasing selling pressure.

کے باوجود انجیکٹو market (INJ) reaching a 52-week high of $9.8766, bears have taken over the market, causing prices to decline over the past 24 hours from an intraday high of $9.88 to an intraday low of $8.86. The current bearish trend in the INJ market may be attributed to profit-taking by investors who bought the cryptocurrency at a discount. 

کی قیمت آئی این جے was $9.26 at the time of writing, down 1.24% from its previous closing, as this downward trend persisted. 

While the 24-hour trading volume increased by 24.85% to $255,110,766, the market capitalization decreased by 1.49% to $254,332,753. This movement suggests that the market’s overall value may have decreased while trading activity increased. It might be a sign that investors are actively buying and selling assets, possibly in response to alterations in the market or breaking news.

With a reading of 8.42, the stochastic RSI on the 4-hour price chart is below its signal line. This move suggests that the asset is oversold and may soon reverse to the upside. A potential trend reversal or change in momentum may be indicated if the stochastic RSI crosses the signal line on the INJ market.

The Money Flow Index (MFI), which has a reading of 51.38 and a downward trend, reinforces the bearish momentum in INJ by pointing to increasing selling pressure. In assessing long positions, traders should be cautious if the MFI keeps falling and breaks below the oversold threshold. This motion can indicate the beginning of a more serious downward trend.

INJ/USD 4-hour price chart (Source-TradingView)
INJ/USD 4-hour price chart (Source-TradingView)

On the 4-hour price chart of the INJ market, the Fisher Transform line is below the signal line and has a value of 0.70, indicating that the market is oversold and a potential buy signal is on the horizon. The reversal will be seen if the Fisher transform line crosses the signal line successfully.

The Relative Strength Index (RSI), which has a reading of 65.74 at the moment, is descending below its signal line and into the oversold zone, which indicates that INJ may still be subject to some short-term negative pressure. In light of this, traders may hold off on taking an extended position until the RSI crosses above its signal line and exits the oversold region.

INJ/USD 4-hour price chart (Source-TradingView)
INJ/USD 4-hour price chart (Source-TradingView)

The INJ market faces bearish pressure as profit-taking and performance concerns weigh on investor sentiment. Traders should exercise caution and wait for a potential trend reversal.

ڈس کلیمر: کریپٹو کرنسی کی قیمت انتہائی قیاس آرائی پر مبنی اور غیر مستحکم ہے اور اسے مالی مشورہ نہیں سمجھا جانا چاہیے۔ ماضی اور موجودہ کارکردگی مستقبل کے نتائج کا اشارہ نہیں ہے۔ سرمایہ کاری کے فیصلے کرنے سے پہلے ہمیشہ تحقیق کریں اور مالیاتی مشیر سے مشورہ کریں۔

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