@Injective has slipped to around $5.51, and honestly, this whole structure looks like a market trying to find its footing after a sharp rejection. The chart shows a clean breakdown from the $5.87–$6.10 region, followed by a fast drop into $5.35, which acted as a temporary floor.
What I’m noticing is how the candles are trying to build a small relief push, but momentum is clearly still heavy. The MA lines are fanned out downward, which usually means sellers are still in control. For me, this kind of setup is less about panic and more about patience — the market is simply cooling off after overstretching. If $INJ wants a stronger bounce, it needs to reclaim that short-term MA zone and show some conviction on volume. Until then, this is just the market breathing out after a big move. Still keeping an eye on it, because $INJ is known for turning around quickly once the pressure releases.
