INJ Signals Potential Breakout, PYTH Gains 20%: Analyst Insights

• Crypto Tony advises waiting for $INJ to break above $29 for a safer entry point.
• PYTH has gained 20%, with a stop loss set at $0.30 to ensure a risk-free trade.
• INJ trades at $24.77, marking a 7.69% decline over the past 24 hours.

The crypto markets are witnessing significant movements in INJ and PYTH, attracting trader interest with distinct trading strategies. Both assets have shown substantial activity, prompting updates on their price actions and strategic insights from Crypto Tony, an analyst on X.

Crypto Tony highlights that INJ is in a mid-range zone on the weekly timeframe. The price sits between key support levels at $20 and $10 and an upper resistance level at $29.

This mid-range position indicates potential movement in either direction, making it a challenging time to enter trades. Tony advises waiting for a confirmed break above $29 for a safer long entry. Additionally, traders should set stop-loss orders below key support levels to mitigate downside risks effectively.

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