$INJ /USDT — 15m Market Read
Price is grinding around 4.57–4.58, pressing into a well-defended support after the pullback. The 4.55–4.56 zone has already been tested and held—buyers stepped in there, absorbed sell pressure, and forced a reaction bounce, keeping the broader structure intact.
Short-term momentum has cooled after the rejection from the highs, but price is now compressing above the rising intraday trendline, signaling stabilization rather than breakdown. This looks like controlled consolidation as the tape digests the prior move.
Overhead, 4.61–4.63 is the first resistance band where sellers previously leaned in. Above that, 4.66–4.68 marks the range high and a clear supply zone—acceptance through it would indicate momentum expansion and restore a continuation bias to the upside.
Bias: cautiously bullish while price holds above the defended base and avoids lower-lows.
Caution: a clean acceptance below 4.55 would weaken structure, flip momentum bearish, and put deeper retracement levels back in play.
Bottom line: buyers are defending key ground, selling pressure is slowing, and the tape favors continuation attempts—until that base fails and sellers regain control.
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