I am observing $INJ trying to calm down after that wild spike to 6.19. The price rose quickly with strong volume, then immediately encountered resistance and is now settling around the 5.8 area.
What I like is that the intraday low of 5.27 remains intact, so this movement seems more like a liquidity grab than a complete collapse. The short-term moving averages are starting to rise again while the 99 moving average still holds above as a true resistance @Injective . For me, this band of 5.5–5.6 is the decision area: hold it, and the next attempt at 6+ could hold; lose it, and I will simply let the market reset.
INJ
5.58
-1.06%