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$INJ Analysis: Price Holds Demand While Major Trendline Caps Recovery
INJ is still trading inside a critical demand zone between $5.40–$5.70, where buyers have consistently stepped in to absorb pressure. This area has acted as the base for multiple intraday reversals, and as long as price stays above it, the downside remains limited. It's clear the market is respecting this block as the primary support on the chart.
The major trendline — the one stretching from October’s breakdown point — is still intact and stands as the main resistance structure stopping any meaningful upside. Every move toward this line has been rejected so far, keeping INJ in a controlled compression. Until this trendline breaks, the broader bias stays defensive.
Momentum indicators are stabilizing, with the MACD flattening and daily candles losing their previous aggressive downside wicks. This shift indicates sellers are no longer dominating, even if bulls haven’t taken over yet. The structure is slowly transitioning from trending to basing.
Open interest has also found equilibrium, implying the panic-driven exits are fading. Spot volume quietly returning near support suggests accumulation is underway, though still early.
A clean break above the major trendline near $6.10–$6.30 would be the first signal of a real trend shift. If this level holds, continuation opens; if it fails, INJ may retest deeper liquidity zones.
#Injective $INJ @Injective
{future}(INJUSDT)
INJ is still trading inside a critical demand zone between $5.40–$5.70, where buyers have consistently stepped in to absorb pressure. This area has acted as the base for multiple intraday reversals, and as long as price stays above it, the downside remains limited. It's clear the market is respecting this block as the primary support on the chart.
The major trendline — the one stretching from October’s breakdown point — is still intact and stands as the main resistance structure stopping any meaningful upside. Every move toward this line has been rejected so far, keeping INJ in a controlled compression. Until this trendline breaks, the broader bias stays defensive.
Momentum indicators are stabilizing, with the MACD flattening and daily candles losing their previous aggressive downside wicks. This shift indicates sellers are no longer dominating, even if bulls haven’t taken over yet. The structure is slowly transitioning from trending to basing.
Open interest has also found equilibrium, implying the panic-driven exits are fading. Spot volume quietly returning near support suggests accumulation is underway, though still early.
A clean break above the major trendline near $6.10–$6.30 would be the first signal of a real trend shift. If this level holds, continuation opens; if it fails, INJ may retest deeper liquidity zones.
#Injective $INJ @Injective
{future}(INJUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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