Elliott Wave Analysis: Is a Deeper Correction in Injective Protocol Token Coming?

In the ever-shifting world of crypto, Elliott Wave expert More Crypto Online (@Morecryptoonl) has provided insights into Injective Protocol’s $INJ token. His analysis suggests that a potential pullback for $INJ is looming before a bullish resurgence if key levels hold. While trading near $12.29, the altcoin’s momentum has slowed down amid Bitcoin’s steady climb towards $68,000 and October’s “Uptober” fervor. More Crypto’s chart highlights a corrective phase post its sharp rally from September lows, with no confirmed low in wave (2) so far. 10.23 and 11.35 are critical support levels. He noted that the absence of volume confirmation for reversal means there is no clear evidence yet for a wave (2) bottom.