$INJ /USDT: Price Pressures Build as $INJ Tests the $6.00 Zone
INJ is hovering right on the key psychological barrier at $6.00, a level that’s acting as both resistance and a decision point for the next move. The price is sitting directly on the 25-period moving average on the 15-minute chart, reinforcing how pivotal this zone has become. The short-term 7-period MA is slipping just below the level, hinting at slight hesitation in the immediate trend, while the longer-range 99-period MA remains steady near $5.94, creating a structural support area underneath the current action.
Volume surged earlier but has tapered off in the most recent candles, a pattern that often comes before a sharper move in either direction. A strong close above $6.01 with renewed volume could open the door for momentum toward the recent 24h high around $6.09. If the level fails to hold, traders may see price revisit the $5.95 zone, which served as a notable recent swing low.
As always, risk management comes first. What do you expect from INJ’s next move—does the market have enough energy for a breakout, or is a retest on the way? 📈📉
