100M total circulation at 4.6$, is very very undervalued

Injective (INJ): Is the Bottom In?
Injective is trading around $4.6, down ~90% from its $52 ATH. With a fixed 100M supply already circulating and a live on-chain derivatives use case, INJ remains structurally strong.

Key levels:
Support: $3.8–4.2
Resistance: $7.5–8.5
Trend confirmation: $10–12
Price action is still corrective, not impulsive. A true bottom needs a clear 5-wave move up and a higher low.

Is the bottom in?
Possible, but unconfirmed.