$INJ – My Take
Price around 5.78 and trying to recover. What I see here is a coin attempting to turn the corner but still fighting the trend above it.
What stands out to me:
• Bounce from 5.02 is solid. It shows buyers are still alive.
• But the MA 25 above price is still a problem. Strong downtrend pressure.
• Each push up loses momentum near the MA 25, meaning sellers haven’t stepped aside yet.
My view:
INJ isn’t bearish here, but it’s not confirmed bullish either. It’s in a transitional zone. A lot of coins show this before they either break out or roll back down.
Levels I care about:
• Breakout level: 6.20
• Support: 5.35, then 5.00
If INJ closes above 6.20 on the daily, that’s the first real sign the trend might shift. Until then, every bounce is just a bounce.
