🔥 $INJ — Technical Analysis (4H)
Current Price: $5.50
$INJ continues to trade inside a clear downtrend structure, rejecting every attempt to break above the EMA zones. Buyers are still weak, and momentum has not shifted bullish yet.
📉 Trend & Structure
✔ Price is consistently forming lower highs
✔ EMA-7, EMA-25, and EMA-99 are stacked bearish
✔ Latest bounce failed exactly at the EMA-25 → bearish rejection
✔ Current candles are small-bodied → low conviction from buyers
📊 Momentum Indicators
MACD
• MACD remains below zero
• Histogram is weakening
→ No bullish momentum yet.
RSI (6)
• RSI at 36 — weak but not oversold
• Indicates possible continuation of downtrend unless strong volume appears
🔍 Volume Profile
Volume is declining and remains dominated by red bars.
This shows no strong accumulation, and sellers still control the trend.
🧭 Critical Levels
Support to watch:
• 5.25
• 5.02 (major support)
Resistance to reclaim for trend shift:
• 5.62 (EMA25)
• 5.88 (EMA99)
Without reclaiming these levels, $INJ remains bearish.
📝 Summary
INJ shows no confirmed reversal yet.
Trend, EMAs, and momentum remain bearish.
A bullish structure will only appear after a clean reclaim above $5.62 – $5.88.
For now, caution is required — this is still a sell-the-bounce environment until market structure changes.
