$INJ Market Update
INJ continues to build a short-term base after its recent pullback, with price hovering around ~$5.55. It’s currently trading right at the 7-hour and 25-hour moving averages (~$5.55 / ~$5.46), showing early signs of stabilization. However, price still remains below the 99-hour MA near ~$5.62, which keeps the setup cautiously bullish but not confirmed.
A clean break above the $5.62–$5.70 zone—the key 99-hour resistance area—would likely open momentum toward $5.80–$6.20, aligning with the previous local high around $6.19.
Immediate support is seen around $5.45–$5.40, with a stronger structural support at the $5.27 swing low. Volume shows occasional buyer surges but remains generally moderate; for a sustained bullish continuation, INJ needs a decisive push above the 99-hour MA with confirmed follow-through.
