$INJ Market Update Bulls and Bears Clash Begins
INJ is currently trading at 5.70 and the 24h change of -5.47% indicates short-term weakness, but the strong bounce coming from 5.56 on the chart still keeps bullish interest alive. The order book shows a clear 53.20% buy pressure, signaling that buyers are aggressively accumulating from the bottom and trying to absorb selling.
The most important support for the market is the 5.56 – 5.60 zone. This is the level from where the previous rebound started, and the price generated a clean higher move. If INJ holds this support, the short-term trend could remain stable. The strongest resistance on the hindside is between 5.75 – 5.90; breaking this area is essential for momentum to continue back to the upside.
If buying pressure remains strong, the market's near-term target could be 6.06, which is also the top of the current range. Recovery from the downtrend is slow, but the structure still looks healthy as long as the price continues to hold above 5.56.
