INJ is currently moving in a sensitive zone with the price around $5.51 after a decline of 1.82% in the last 24 hours. Selling pressure is still felt strongly as price movements remain below important Exponential Moving Averages, while the MACD shows negative momentum indicating the market is being controlled by bearish sentiment. This condition creates a tense landscape, especially as INJ tests important support at the lower Bollinger Band at the level of $5.52. The level of $5.52 is currently the most critical boundary. If this support holds, INJ has the potential to form a healthy consolidation zone before attempting to regain new momentum. However, if that level breaks, the market could see additional downward pressure that makes investors more cautious. This is where understanding the bigger context is important: who benefits from this price pressure, when will buyers return, and how sentiment can quickly reverse when network participation increases.
